Detail overview
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GENERAL INFORMATION
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Region
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Municipality, City, District
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Ulyanovsk city
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Brief positioning of project
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CITY Shopping & Entertainment Center (Building 1) with total area of 8720.0 sq. m, is situated in the central part of Ulyanovsk on crossing of the streets Goncharov and K.Marks —major traffic arteries with intensive traffic. Many shops, such as Central Department Store, Central Market, Central Stadium, Amaranth Shopping Center, Mirage Shopping Center, Tekhnosila, large food shops and consumer services are situated in close proximity. Major commercial banks and the regional branch of the Central Bank are within the 500 m range. The modern building of CITY is well seen from all the streets adjacent to the site. The complex is characterized by high transport accessibility, both by public and individual transport. CITY Shopping & Entertainment Center hosts: a shopping center with dozens of boutiques, a restaurant, coffee houses, summer cafés, children's center, offices, a business center. During construction of CITY Shopping & Entertainment Center the most advanced industrial technologies, modern construction and finishing materials were used. The format of the object is a Trade complex of urban scale focused on the active part of the city population with the average and high income. Target group: about 400 thousand person — inhabitants of Ulyanovsk and guests of the city. Competitive advantage: Selection and combination of tenants is planned according to the concept of CITY Shopping & Entertainment Center and the basic trends of trade by degree of brand awareness, its appeal to buyers, price level and requirement of operators to adjoining brands. When accommodating tenants, following principles are observed:. mutual addition and combination of commodity groups, diversification of large and popular tenants, remoteness of target visit operators from the entrance to the Center, accommodation of shops of spontaneous demand in places of the greatest congestion of people, etc. The Center is equipped with modern systems of circulation of vertical and horizontal streams (moving stairways, lifts, etc.) and life support systems: ventilation, air conditioning, fire prevention, intruder protection, telecommunication systems. All this provides comfortable working conditions for trade operators. Now construction of 2nd stage of CITY Shopping & Entertainment Center, with total area of 10,989.0 sq. m, and with a parking garage with the area of 1,575.0 sq. m is in progress.
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PLOT
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Site TYPE
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The company is entirely
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Enterprise (organization) name — owner name
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OOO City-Invest
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Legal address
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13A Karl Marx St., Ulyanovsk 432063
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Telephone
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+7(8422) 67-49-61
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e-mail
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sity@sityinv.ru
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Contact Person (Full name)
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Molkina, Marina Viktorovna
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Office
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General Director of OOO City-Invest
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Telephone
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+7(495) 334-4177(88)
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contact person’s e-mail
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molkina@ivst.ru
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Registered address of the site
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13A Karl Marx St., Ulyanovsk
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Area
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7,840 sq. m
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Property category of land and buildings
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other
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Extension options
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yes
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LOCATION
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Nearest Industry and/or infrastructure objects
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trade and office buildings
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Prom: Distance to them (km)
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0,03
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Adjacent objects
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Sviyaga river, Volga river
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Natural — Distance (km)
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4; 1
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Adjacent other objects
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Memorial House, Goncharov’s mansion, V. I. Lenin conservation area
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Other: Distance to them (km)
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0,5; 0,3
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Adjacent residential buildings
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0,1
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Restrictions
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yes
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Remoteness
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Center of the constituent subject
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800 km from Moscow
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Nearest Millionaire City
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Kazan, Samara
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millionaire city — distance km
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220, 250
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Municipality education building
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Ulyanovsk City Municipality
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municipality — distance, km
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0
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Highways
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Syzran — Cheboksary
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highways — distance, km
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10
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Railways
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Ulyanovsk Central
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railways — distance, km
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7
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Airports
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Ulyanovsk Central, Ulyanovsk (Eastern), International
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airports — distance km
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15, 30
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River ports, landing stages
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Ulyanovsk river port
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river ports, landing stages — distance, km
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5
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FACILITIES
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Number of structures
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4
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OWN TRANSPORT FACILITIES
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Communication type (motorway)
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no
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Communication type (railway branch)
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no
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Communication type (port, landing stage)
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no
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Communication type (post/telecommunications
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yes
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Suggestions for site use
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Erection of the 2nd stage of shopping and office center with parking house
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Additional information on site
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Erection of the 2nd stage of shopping and office center with parking house is conducted on a land plot with area of 5859.1 sq. m. The gross area of the erected building is 16,000 sq. m. Designated purpose: trade and office premises.
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BUILDING
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Commercial development, total
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4794
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Commercial development, Offices, sq. m
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56
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Commercial development, Retail, sq. m
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4331
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Commercial development, Warehouses, sq. m
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407
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PROJECT INVESTMENT COSTS
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Concept development design
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yes
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Comment
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Development concept was prepared by OAO Ulyanovgrazhdanproekt Institute and passed expert examination in 2003. Total costs were 17,660,000.00 rubles.
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Preparation of design and estimate documentation (
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yes
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Comment
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Design and estimate documentation is effective since August 2002. Total costs of preparation of design and estimate documentation were 11,440,400.00 rubles. Design and estimate documentation with regard to geology was prepared by OAO Ulyanovsk TISIz in 2001.
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Preparation of design and estimate documentation (
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yes
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Comment
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Architectural design works performed by OAO Ulyanovgrazhdanproekt in 2002.
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Comment
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The master plan was coordinated with Directorate of Architecture and Urban Planning of Ulyanovsk Mayor’s Office in 2002.
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Preparation of design and estimate documentation (
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yes
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Comment
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The working design was was prepared by OAO Ulyanovgrazhdanproekt and coordinated with Directorate of Architecture and Urban Planning of Ulyanovsk Mayor’s Office in 2002.
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Preparation of design and estimate documentation (
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yes
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Comment
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Initial-permitting documentation was gathered by MP Stroyzakazchik. Reason: Decree of Ulyanovsk Mayor’s Office no. 3053 dd. September 25, 1998, and no. 1540 dd. June 14, 2002.
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Expert examination of design and estimate document
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yes
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Comment
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Initial-permitting documentation has passed expert examination in Directorate of extradepartmental examination (decree no. 3898P dd. June 30, 2003).
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Execution of construction and assembly works
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yes
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Comment
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Construction and assembly works were conducted by the General Contractor, OOO DSK. The costs were 157,039,900.00 rubles.
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Supervision of construction and assembly works
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yes
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Comment
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Control of construction and assembly works was performed by MP Stroyzakazchik. The costs were 3,925,700.00 rubles.
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Financial consultants’ services
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yes
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Comment
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Ulyanovsk Branch no. 8588 of Savings Bank of Russia.
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Repayment of interest on credit
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yes
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Comment
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During construction, total interest on loan was paid in amount of 37,288,100.00 rubles.
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Project costs (office services, sales, salaries)
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yes
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Comment
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During construction, project expenses amounted to 29,143,600.00 rubles.
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Current project status
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Finished and commissioned onject.
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CONTRACTORS
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General designer
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OAO Ulyanovgrazhdanproekt Design Institute
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General contractor
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OOO DSK
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Supervision of construction and assembly works
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MUP Stroyzakazchik
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ECONOMIC INDICATORS
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Indicator
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income from rentals
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Revenue from sales of areas (RUR, millions)
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Stage one: 4873.0; stage two: 13203.0
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Shareholders' own resources (%)
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43%
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Òðåáóåìûé îáúåì èíâåñòèöèéBorrowed resources (%)
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57%
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Payback time, years
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Stage one: 3.6 years; stage two: 4.1 years
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Discounted payback time, years
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Stage one: 4.7 years; stage two: 5.5 years
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