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Saint-Petersburg > Business and Economics > Investments > Enterprises Investments > North Venetia

Project № 24
North Venetia
1.Developer of project:
ZAO SSMO “ Lenspecsmu”
Russia, 197348, Saint –Petersburg
Bogatirsky  av.,2
Tel: 380-05-25, 380-05-29
e-mail: lenspecsmu@lensprcsmu.ru
Contact person: Rizjakov Nikolay
2.Legal status of object 
Development Agency
3. Functional purpose of the project:
The complex consists of sectional buildings of variable number of storeys. The complex on the Bychy island will combine the habitable and social functions.  The project includes the construction of accommodation, hotels, sport enterprises, stadium, business-centers and yacht's.  parking.
4. Physical characteristics:
Area square                    94 870 sq.м
Site area                         24 879 sq. м
Total area                       85 500 sq. м, including:
Habitable area –              78 600 sq. м
Enterprises area  -           6 900 sq. м
5.Remoteness from the center of the city
The project is executed on the Bichy and Bezimianny Islands. They are close to the Krestovsky Island and separated from it by the Grebnoy Canal. The project proposes the reconstruction of the riverside area of the Bezimianny Island and the construction of the "Dutch Bridge" to connect the islands
The  Bychy and Bezimianny Islands are situated in the west part of Saint-Petersburg, in Petrogradsky  Administrative District in the north part of the delta of the Neva River. The Islands border upon the Krestovsky and Elagin Islands. The territory is of the great architectural, cultural  and historical value due to the palaces and parks.
6.Project efficiency indicator:
Total project costs,                                        $60 613 362
Required investments volume,                        $10 000 000
Net current value of prospective income,        $1 385 462 (with discounting rate 18 %)
Internal norm of profitability                           24,6%
7. Structure of financial sources:
Own money and investments.
8.Project realization period:
2008.
9.Business documents:
Yes.
St. Petersburg Administration 191060, St. Petersburg, Smolny

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