News
Denis Kachkin spoke about the ways of large-scale project implementation at the “Suburb” summit
17-18 April, St. Petersburg welcomed a summit “Suburb. Land development management”. The “Prigorod” publishing house organized the event. Dmitry Sinochkin, the chief editor, the “Real Estate and Construction in St. Petersburg” editorial director, was a moderator of the summit.
Leading land developers, government representatives, consultants, lawyers attended the event. Market players discussed evolution of the suburban real estate market and why low-rise building construction was still losing somewhat than multifamily housing. They also shared their experience in large-scale project implementation, including those under Public Private Partnership. The summit participants concluded that in spite of positive trends low-rise housing market was still less attractive for buyers than multifamily housing.
Denis Kachkin, Managing Partner of Kachkin & Partners, spoke about benefits of working under Private Municipal Partnership mechanism. “Generally there are several finance sources used in such projects: bank loans, budgets of various levels, private investments, — explained Denis. — More efficient infrastructure facilities operation, rapid development of the territories and as a result additional tax revenues from employers to the budget that should be arrived into the region are the advantages for the municipal government”.
PhD in Law
Partner
Head of Real Estate and Investments Practice
Attorney
PhD in Law
Partner
Head of Real Estate and Investments Practice
Attorney