Land plots of Heineken for redevelopment

The Auction House of the Russian Federation is preparing to sell land plots on ulitsa Stepana Razina in Petersburg (together with buildings located on them). The territory, with a total area of 7.4 hectares, belongs to the Heineken company group.
The auction is planned for autumn 2012, with the precise date of auction yet to be scheduled.

The five land plots are located in the historical center of St. Petersburg. The plot with a total area of 74,311 sq.m. are positioned for cultural-business and residential development.
Address of objects: St. Petersburg, ul. Stepana Razina, d. 8a lit B; d. lit Zh, M; plots 7,8.
Two land plots of a total area of 66,376 sq.m. with buildings of an area of 55,585.1 sq.m. are for sale into ownership. The remaining 7,935 sq.m. (without buildings) are for lease.
Most likely use of land lots – redevelopment of the territory. This involves the demolition of the existing buildings, and the construction of a multi-purpose complex with industrial-storage and cultural-business objects, and also residential development.
According to preliminary calculations, the volume of development involved may come to 50,000 – 100,000 sq.m., depending on the functional composition of the complex and the architectural solutions of the project.
Positive aspects of the object include: location in the center, developed engineering infrastructure, good transport access.
Starting price – 560 million rubles

Andrei Stepanenko, general director of the Auction House of the Russian Federation:
An unprecedented space for the center of Petersburg has been provided for a future project. On 7.4 hectares of land, a business center with offices and industrial-storage structures can be built. This is an interesting format, and it is quite new for modern St. Petersburg. From the experience of the western market of commercial real-estate, we may confidently say that the business centers are attractive for enterprises of small and medium business: the large number of spaces available and the relatively low rent payment draw the interest of a large circle of potential tenants. With its innovative nature, in future this project may become a milestone for the city, and have a considerable influence on the development of the social and business image of the district as a whole.


Information on object