Mosgosstroynadzor (Moscow State Construction Supervision Committee) issued a construction permit for the business class residential quarter LIFE-Kutuzovsky. The new complex with the total area of 227.4 thousand square meters will be built in the prestigious western district of the capital on the banks of the Setun River, within a three-minute drive from Kutuzovsky Prospekt.
On the territory of the former woodworking factory on Gzhatskaya Street, Pioneer Group plans to build eight residential buildings with a variable number of floors, from 12 to 23. All the first floors will be given for commercial premises, and a kindergarten for 150 seats will be opened in the quarter.
The project presents several dozens of convenient and effective layout solutions. All the apartments, including one-room apartments, have a European layout with a combined kitchen-living room. The complex includes large master bedrooms with their own bathroom and dressing room. On the upper floors penthouses with panoramic windows, winter gardens and the possibility of placing wood burning fireplaces are projected. In LIFE-Kutuzovsky all apartments, except for the premium ones, will be sold with “turnkey” decoration.
The architectural concept of the quarter was developed by the well-known Russian bureau ADM. When decorating external walls, it is planned to use clinker brick of noble shades – from chocolate brown to deep turquoise. On the facades of the buildings facing Setun, a wave element will be depicted, symbolizing the bend of the nearby river.
The territory of the LIFE-Kutuzovsky quarter will be fenced, inside there is a modern access control system, traffic is restricted in the yards. Under all buildings, a spacious two-level parking is projected at the rate of one car place per apartment.
Pioneer Group will pay particular attention to the arrangement of the public spaces. In the center of the LIFE-Kutuzovsky quarter there will be a promenade – a cozy walking area with cafes and shops. Next to the complex, the developer will clear and beautify the Setun embankment, thus, future residents will have direct access to the river and additional space for recreation.
Construction of the LIFE-Kutuzovsky quarter will take place in two stages. Commissioning of the first stage is scheduled for the second quarter of 2019, the project will be fully completed by mid-2020.
On October 13 in Moscow, the VIII award ceremony of RREF AWARDS-2017 took place. Following the voting, Pioneer Group was once again recognized as the Developer of the Year.
The current award of Pioneer Group has already become the third victory of the company in the RREF AWARDS category “Developer of the Year”. The RREF AWARDS competition “Professional recognition” is annually held among the participants of the real estate market, which have a positive impact on the formation of the market of modern housing. This year, 18 largest developers competed for the victory, and their quality of services, professional competence and following the latest trends in business development were evaluated.
Pioneer Group has been showing positive development results for many years. The company’s portfolio of projects exceeds 1.5 million square meters, according to the results of 2016 net profit reached 1.93 billion rubles, and the revenue amounted to 22.93 billion rubles. Professional ratings confirm the high degree of reliability and transparency of the Pioneer Group structure: “The National Rating Agency” upgraded the company’s rating to “A +” according to the national scale, and under the standards of Standard & Poor’s (S & P) agency Pioneer Group retains the “В – “ position in the credit rating.
Following the results of 2016, the development company Pioneer significantly improved its key indicators and moved to the 407th place in the rating of Russian business leaders.
Compared to the previous reporting period, the Group’s net revenue increased by 31% to 22.94 billion rubles. The company’s assets in 2016 grew by more than 6.7 billion rubles, and EBITDA reached 3.39 billion rubles. Such positive financial reporting results allowed Pioneer Group to rise 63 lines up in the rating.
Traditionally, the main criterion for the RBC rating is net revenue excluding VAT, excises and export duties. In 2016, the total revenue of the 500 most notable companies of the Russian economy increased to 66.3 trillion rubles. The TOP-10 rating includes oil and gas and transport corporations, the largest banks and retail chains. The development sector was represented by 13 companies, their total revenue amounted to 659 billion rubles.
The full list of participants in the RBC rating can be found at http://www.rbc.ru/rbc500/
On September 14 the award ceremony of the PROESTATE AWARDS 2017 Federal Award was held as part of the XI International Real Estate Investment Forum PROESTATE. Projects by Pioneer Group won in two nominations.
As a result of the voting, the residential quarter LIFE-Botanic Garden (Moscow) got the first place in the category “LIFESTYLE. The best project in the area of standard / comfort class residential real estate”. YE’S Apart-hotel on Sotsialisticheskaya Street (St. Petersburg) was recognized as the best among the projects in the northern capital in the “NEWSTYLE. Apart-hotels” category.
Residential quarters LIFE-Lesnaya (St. Petersburg) and LIFE-Mitinskaya ECOPARK (Moscow) entered the final of the award in the “LIFESTYLE. The best project in the area of standard / comfort class residential real estate” category.
Each nominee of the PROESTATE AWARDS 2017 competition undergoes rigorous selection based on a variety of criteria: architecture and design, the general concept, financial success of the project, public good. This year the jury consisted of more than 40 experts of the construction industry, including representatives of government structures, heads of real estate development, realtor, managing and consulting companies, authoritative representatives of the journalistic community, leading market analysts.
Also on September 14, participants of the Green Awards 2017 rating became known. The business center of the YE’S multifunctional complex in Moscow took the second place in the rating in the “Business Centers” category. Objects that have been certified according to either LEED, BREEAM or Green Zoom professional standards during the period since 2006, as well as non-certified facilities implementing a set of measures to improve energy efficiency, were accepted for participation in the competition. We would like to remind you that last year the business center of the multi-functional complex YE’S in Moscow was certified by the BREEAM Final system with the final rating of “Good”.
Pioneer Group has published the consolidated financial statements for 2016, which showed a positive dynamics of the company’s development for the past period. As in previous years, KPMG carried out the audit.
At the end of 2016, the net profit of Pioneer Group amounted to 1.93 billion rubles, which is more than 2 times higher than in the previous reporting period. The revenue increased by 31% and reached 22.93 billion rubles against 17.54 billion rubles in 2015. The company’s operating profit in 2016 increased by 87% and amounted to 3.29 billion rubles.
During the reporting period EBITDA significantly improved – 3.39 billion rubles. Compared with 1.78 billion rubles in 2015. The ratio of net debt to EBITDA was 2.1 (a year earlier – 2.5).
Andrey Tyutchenko, Financial Director of Pioneer Group, commenting on the company’s audited statements, noted: “In 2016, Pioneer Group demonstrated a steady growth of key business indicators, which indicates a balanced business model. The company consistently implements its strategy for ensuring organic revenue growth, supporting the market level of margin and liquidity control of the Group.”