Invest in a recreational and housing development to serve an influx of foreign investors The Business
The Project is the development of a golf and country club with homes and a hotel with rental accommodations. The Project will target the growing ex-pat community and Russian middle class in the Kaluga region. It should also attract Muscovites. The development will be constructed around an 18-hole golf course and will include extensive amenities and sports facilities. The Project is to be located on a 103-hectare site in the Kaluga region, which is located 140 kilometers southwest of Moscow.
A feasibility study has estimated the demand for mid-range housing for permanent residency and for recreational use. A highly suitable plot has been located offering a virgin landscape for a country club community with extensive winter and summer sports sports/recreation facilities. Currently, there are no neighbors and the surrounding areas are municipal property and Federal forestry land.
Market
The Kaluga region has been targeted due to its rapid development, high growth rate and openness to investment projects. Many multi-national companies have selected the region for investment in Russia including Samsung, Volkswagen, Peugeot/Citroen, Volvo trucks, South African Breweries and John Deere. This has resulted in a fast growing regional economy that is relatively independent of Moscow, and the local workforce is benefiting from increasing standards of living. The result is an increase in disposable income and a desire for a better life style.
The Project promoters are seeking funding for the first phase of development, which entails conversion of the land to full ownership from its current long-term leasehold status. This conversion will substantially increase the Project value. An initial investment of RUR 90 million ($3 million) is being sought to enable the purchase of the company that currently owns the 49 year leasehold, planning and administration management to prepare the land for construction permissions and guaranteed conversion from leasehold to full ownership.
With the land in ownership, a ground plan of properties and sports facilities and planning permissions granted, the project will then be offered to prime investors/contractors to construct the multi sport/recreation and housing complex.
Sector: Real EstateSegment: Country ClubRegion: RussiaFinancing Size: $1m to $5mContact: David Morley
Company: ADC Invest LtdTelephone: +7 903 969 4733Email: [email protected]