Studia Generalia: Business in St. Petersburg experiences of SRV

Transcription

1 Studia Generalia: Business in St. Petersburg experiences of SRV Turku School of Economics Mikko Söderlund

2 The Contents SRV Group plc - General Presentation Food for Thought: The Russian Economy through the Eyes of A Real Estate Developer World Bank`s Rating for Russia Cross-Border Issues

3 Short CV of the Lecturer Mikko Söderlund Born in Helsinki Turku School of Economics International Marketing (Trade with Russia); economics and Russian language 1994 moved to St. Petersburg Raisio Group FMCG (food products). Sales, marketing, distribution, business management Rautaruukki Steel. Production, sales, property management, business management Catella (Amplion Asset Management) Asset management. Real estate portfolio management, investments, business management SRV Group Real estate development. Real estate portfolio management, investments, business management Languages: Finnish, English, Russian, Swedish, German

4 SRV Building for life

5 SRV Group the development and construction company that provides end-to-end solutions and assumes customer-focused responsibility for the development, construction and commercialization of projects. 5

6 Geography Russia Finland More than 200 completed projects 61% - commercial real estate 39% - housing FINLAND ESTONIA Vyborg St.Petersburg More than 70 completed projects Main focus commercial real estate RUSSIAN FEDERATION Moscow Yekaterinburg LATVIA LITHUANIA The Baltic States More than 80 completed projects Main focus commercial real estate 6

7 Key facts Among the 5 biggest construction companies in Finland Innovative development and flexible management unique SRV Approach Experience in Finland, Russia and the Baltic States 25 years SRV listed on Helsinki Stock Exchange in 2007 Revenue mln 641,6 Operating profit mln 6,9 Order backlog mln 827,8 Personnel Key figures 2012 Turnover distribution Objects in Russia and the Baltic States (6 %) 989 persons Objects in Finland (94%) 7

8 Real estate development Direction of activities Commercial real estate construction shopping centers business premises logistic centers hotels underground infrastructure public buildings Residential real estate construction low-rise buildings multistoried buildings housing estates 8

9 9 Current projects in Russia

10 GBA sq.m GLA sq.m Opened in August 2013 Shopping Centre Pearl Plaza, St. Petersburg Expansion in perspective to sq.m Investors: 50% SIIC (Shanghai) 50% SRV Retail, food court, cafes and restaurants, leisure and entertainment, fitness, parking 10

11 Mixed-Use Centre Septem City, St. Petersburg GBA (5 phases) sq.m Total investments: 1 bn Period of construction Phase 1: Okhta Mall - opening spring M investment Retail, food court, cafes and restaurants, offices, hotel, leisure and entertainment, parking 11 More information on

12 Shopping Centre Promenade, Moscow region GBA sq.m GLA sq.m Opening of the shopping center Retail, food court, cafes and restaurants, leisure and entertainment, parking 12 More information on

13 Residential complex Little Finland, Vyborg Project of residential area development including infrastructure, playgrounds, recreation zones and yacht dock Plot 3,75 hа 1 st house for 38 flats was put into commission in nd house for 38 flats was put into commission in March More information on

14 Business Centre Etmia, Moscow Etmia I: Offices and commercial premises GBA sq. m Completion 2002 Sold out Etmia II: Business center of A class, attendant services and underground parking for 66 cars GBA sq.m GLA sq.m Completion 2009 Put up for sale Etmia III: Business premises of B+ class and parking for 33 cars GLA sq.m Completion More information on

15 15 Current projects in Finland

16 Kalasatama Centre, Helsinki More information on

17 17 Otaniemi Metro Station, Espoo 2013

18 Derby Business Park, Espoo More information on

19 19 References in Finland

20 Kamppi Center, Helsinki More information on

21 Flamingo Hotel & Entertainment Centre, Vantaa More information on

22 Music Palace, Helsinki More information on

23 Why to Follow the Real Estate Market? Real estate market reflects the status of all segments of the economy and society - Commercial: offices, retail, warehouses, industrial - Residential Real estate market usually reacts to the market with a delay For instance, the statistics on new car sales is a quicker indicator on consumer behaviour - In Russia the fall in sales started in Feb-March, 2013

24 Russia: GDP, Oil Price

25 Macro Figures

26 Consumer Related

27 Investments into Real Estate

28 Yields: Investors` Expectations

29 Investors and Sectors

30 Where to Invest; Big or Small Deals?

31 St. Petersburg: Office Stock

32 Office Deals by Business Sectors Moscow St. Petersburg

33 Shopping Centres

34 Shopping Centres: Moscow Data

35 Shopping Centres: European Context 4,

36 Street Retail: European Comparison 3,900

37 Warehouse and Industrial Moscow St. Petersburg

38 Характеристика России в рейтинге экономик Russia s Rank in Business Environment Comparison Показатели России в рейтинге о легкости ведения бизнеса, подготовленным Всемирным Банком: Russia's score in World Bank's Doing Business" comparison study of 185 countries: В 2013 г. Россия занимает 112 место из 185 стран (118 в 2012 г.) General position 112 of total 185 countries in the year 2013 (118 in 2012) Регистрация предприятий Starting a business 101 Получение разрешения на строительство Dealing with construction permits 178 / 185 Подключение к системе электроснабжения Getting electricity 184 / 185 (!!!) Регистрация собственности Registering property 46 Кредитование Getting credit 104 Защита инвесторов Protecting investors 117 Налогообложение Paying taxes 64 Международная торговля Trading Across Borders 162 Обеспечение исполнения контрактов Enforcing contracts 11 Разрешение неплатежеспособности Resolving insolvency 53 38

39 World Bank's Doing Business" comparison x x x x 39

40 Cross-Border Issues USA Mexico Finland Russia English, Spanish (border states) Spanish Language Spoken Finnish Russian Protestants 51%, Catholics 24% Catholic 83% Religion Lutheran 76%, Russian Orthodox 1% Russian Orthodox 70%, Islam 7% Annual Average Salary, M 117 M Population 5,4 M 142 M tilastokeskus.fi,

41 Спасибо! - Kiitos! - Tack! - Thank You!