The construction of a new premium class project called Little France by AAG Holding Company has been approved by the chief architect of the city. The residential complex will be built on the 20th line of Vasilievsky Island in terms of classic traditions of Saint Petersburg tenement buildings, however with a touch of modernity: its slender elegant facades will be done in sober colours with an emphasis on glazing. The project was designed by Liphart Architects bureau.
On November 24, Finans-Nedvizhimost LLC (member of AAG Holding Company) won the right for the long-term lease of Saint Petersburg architectural monument Golovin’s Cottage at 63 Vyborgskaya embankment, at a public tender. According to the order of the Ministry of Culture, the transfer of the 800 m2 building and 0.7 hectares plot of land is to be carried out by the state institution called Agency for Management and Use of Cultural Monuments. The cottage is in satisfactory condition and needs reconstruction.
AAG Holding Company launches the program of developer’s repurchase with a fixed profit against the backdrop of bank deposit yields decrease.
Having purchased an apartment in the residential complex Renaissance, a private investor gets a guaranteed 8.4 to 8.7% per annum return on their investment.
This offer is valid for a limited pool of apartments of the 1st and 2nd construction phases in case of the 100% payment having been received. After the houses are put in commission, the investor gets the right to sell their apartment to the developer at a price specified in the contract. If market conditions at the end of the program allow the investor to get a larger profit, they retain the right to independently sell the apartment without any commissions or deductions.
The repurchase period coincides with the date of issuing the keys by the developer: 01.03.2019 for the first construction phase and 01.09.2020 for the second one. At the same time, while investing in a first phase apartment for 16 months will yield 8.4% per annum, investing in a second phase apartment for 22 months will yield 8.7% per annum.
A-Development LLC, being a member of AAG Investment and Construction Holding Company, has received a permission to commission a 1,300 m2 industrial warehouse. The warehouse is located in YIT Greenstate industrial park on a 4,000 m2 plot of land. It was constructed for Novum Consulting CJSC, the largest supplier of pool equipment and components for heating and water supply systems in the North-Western region.
SMP Bank offers special mortgage loans for buyers of second phase apartments in Renaissance residential complex being currently under construction in the Nevsky district of Saint Petersburg near Ulitsa Dybenko metro station. Mortgage loans are available for a period of 3 to 25 years with an interest rate of 12.25% per annum.
AAG Investment and Construction Holding Company announces the beginning of the second phase of the construction of Renaissance residential complex currently being built in the Nevsky district of Saint Petersburg near Ulitsa Dybenko metro station. The commissioning of the building is scheduled for the third quarter of 2019.