Pioneer Group in cooperation with the Auction House of the Russian Federation held a sealed first-price auction for units in the YE`S Apart-hotel. Three lots – Standard-class units of 30 sq. m (323 sq. ft.) each – were sold with the reserve price of 3 million rubles. The auction winners bought the apart-hotel units with the expected annual return on investment of 13-15,5%. The most expensive lot was sold for 4.3 million rubles.
“This product is primarily interesting for private investors looking for secure ways to protect their savings and have a good return on them. The active interest to the auction is explained by the possibility to buy a lot at the minimum price with the maximum profit,” said Yuri Kogan, Marketing Director of Pioneer Group.
A new offer on the Moscow real estate market – YE’S Apart-hotel – was presented during the Gala Evening of the MREF event organized by “Vedomosty” newspaper. Two project revenue schemes were presented: “Guaranteed Income” and “Capital Doubling”. Pioneer Group issues written guarantees of 7% annual return on investment made into the project.
The first Moscow YE’S Apart-hotel will be built in Mitino by October 2015. The core of the apart-hotel concept is in the hotel-level range of services for the residents. All apart-hotel units of 30-44 sq. m (323-474 sq. ft.) in floor are sold fully finished, furnished and equipped with all necessary household appliances Pioneer Group began construction in October this year, and the official start of sales is planned for November. The estimated price for the standard apart-hotel units is from 4.75 million rubles with the guaranteed return of up to 8%.