“Sheremetievo-4” is the developer of the “Zagorodny quarter” project in Khimki (the Moscow region). The project totals 113 hectares where the developer planned to build 730,000 sq. meters of realty. The company-developer owed to the “Y-brand” company 1 bn roubles ($17.4m) which they agreed to repay by selling 63 hectares (actually, half of the project).
For today, the total debt including penalties is about 1.2 bn roubles ($19.7m). The land plot of 63 hectares which was first planned to be transferred to “Y-brand” as part of the debt repayment. The “PIK” GC, Ingrad and “ Samolet Development” companies have shown interest in the plot.
According to experts, as the edition reports, 13-16 bn roubles may be needed for the construction of a project including 300,000 sq.m of residential housing, 10,000 sq.m of townhouses and 30,000 sq.m of a retail-park on the 61hectares of the “Zagorodny quarter”.