The Saint Petersburg authorities have prepared 6 land plots and 10 buildings for investors to reconstruct in the Central, Admiralteysky, Krasnogvardeysky, Promorsky, Petrogradsky, Nevsky and Frunzensky districts, on Vasilievski Island and in Kronshtadt.
As “Vedomosti” reported, all of them are meant for the creation of 3-star hotels with 80-200 rooms. The plots and buildings are easy approachable by metro and rail.
They can be passed to the investor companies by tender or, in case of the declaration of a strategic project, for intended use. For that, on February 10th the legislative assembly’s delegates approved changes to the law, “On Strategic Investment Projects, Strategic Investors and Strategic Partners of Saint Petersburg”.
In the document, the investment threshold for assigning the hotel projects strategic status was reduced from 15 bln to 1.5 bln roubles.
Besides this, the land for such projects will be rented on preferential terms at a rate of 1.5% of cadastral value for the duration of the construction work implementation.