Date post: | 22-Apr-2015 |
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Investor Relations |
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Government of Moscow
1 2013
INVESTMENT PROJECTS IN RUSSIA’S CAPITAL
CITY INVESTMENT PROJECTS
Expanding the city’s hotel
network
Developing facili;es for educa;on
Cultural heritage sites
Developing healthcare
infrastructure
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THE LAND AUCTIONS PROCESS
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• Compiling lists of land plots (h?p://dgi.mos.ru)
• Developing land and city-‐planning documents
• Assessing market value of plots
• Determining iniLal bidding condiLons
• Producing document packages for each lot
• Holding aucLons
• Concluding rental agreements with aucLon winners
Preparing and holding aucLons
LAND AUCTIONS FOR NEW CONSTRUCTION
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Lot documents include sufficient informa;on to decide whether to bid in
an auc;on
-‐ Assessment of engineering infrastructure of lot, including associated costs; -‐ City-‐planning reference for land plots (main type of use permi?ed, plus technical/economic
data); -‐ DraS rental agreement for the land plot; -‐ The plot is listed in the official land registry; -‐ The plot is vacant, both de jure and de facto;
Payment following auc;ons
-‐ Payment of the purchase cost of rental rights is due within 3 days from the aucLon date;
-‐ Annual rent during the construcLon period: 1.5% of the land-‐registry value of the plot (payable quarterly);
The period of rental agreements for construc;on
6 years
Lists of land plots for auc;on are posted on-‐
line:
hJp://tender.mos.ru hJp://torgi.gov.ru hJp://dgi.mos.ru
LAND AUCTIONS
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Sale of land plots by auc;on in 2013
Sold between January 31, 2013 and August 29, 2013 Scheduled for sale before the end of 2013
Number of land plots
Total starLng price of rental rights, in RUR
Total sum of aucLon sales,
in RUR
Increase in cost due to aucLon
Number of land plots
Total starLng price of rental rights, in RUR
33 590,643,600 964,353,600 61.24% 33 1,601,817,700
Sale of land plots by auc;on in 2011 & 2012
Number of land plots Total star;ng price of rental rights, in RUR
Total sum of auc;on sales, in RUR
Increase in cost due to auc;on
53 347,636,685 693,087,685 50.15%
Land acquisi;on trends -‐ The most popular type of use permi?ed is retail outlets and fitness centers; -‐ Area of land plots: from 95 square meters to 14,230 square meters
SALE OF CITY PROPERTY
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The list of sites available by auc;on can be viewed on-‐
line:
hJp://tender.mos.ru hJp://torgi.gov.ru hJp://dgi.mos.ru
Lot documents: sufficient informa;on to decide
whether to bid at auc;on
-‐ DraS rental agreement; -‐ All technical documents for the building; -‐ The building is vacant, both de jure and de facto
Chains For hotel chains, there is the opLon of acquiring several properLes in one lot
HOTEL SECTOR DEVELOPMENT
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Land auc;ons for new construc;on
Reconstruc;on of exis;ng property
PROPERTY PRIVATIZATION
RECONSTRUCTION & RENTal OF EXISTING PROPERTY FOR HOTEL sector use
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Time period for reconstruc;on
-‐ 1-‐3 years: opLmal -‐ Over 3 years: expensive
Rental terms and payment procedure
-‐ Rental period of 10-‐15 years; -‐ Buildings aucLoned together with land plots; -‐ Payment of cost of rental rights (winning bid) within 3 days; -‐ Rental payment for land for the first two years of the agreement: 0.3% of
the land-‐registry value; -‐ Third year of rental: double rate, fourth year: 5%, fiSh year: 7%, sixth year:
8%, thereaSer: 10% (percentages of land-‐registry value); -‐ The approximate rental sum for the first year of construc;on, given a
change of type of permiJed use can be assessed using the calculator on our website: h?p://dgi.mos.ru
Inventory of city property suitable for hotel sector
Rental rights sold by auc;on
PUBLIC-‐PRIVATE PARTNERSHIPS IN EDUCATION
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Land auc;ons for construc;on
Investor-‐funded repair & rebuilding of exis;ng educa;on
facili;es
Sale of city educa;on facili;es to investors
DEVELOPMENT OF EDUCATION INFRASTRUCTURE BY PUBLIC-‐PRIVATE PARTNERSHIPS
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List of land plots and real estate
hJp://tender.mos.ru hJp://torgi.gov.ru hJp://dgi.mos.ru
Discounted terms for the rental of land and buildings
used for educa;onal purposes
-‐ Rental rate for use of buildings: 1 RUR per square meter per year (80% of children in Moscow are registered);
-‐ Rental rate for use of land plots: 1 RUR per square meter per year; -‐ Rental period for land/buildings: 49 years; -‐ Rental period for land during construcLon/reconstrucLon: 6 years
Auc;ons sta;s;cs
Land plots Kindergarten buildings
QuanLty Total area QuanLty Total area
Sold 3 9911 m3 7 13808.2 m3
Scheduled 10 60160 m3 27 30142.8 m3
Development of healthcare infrastructure
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PROJECT “THE DOCTOR NEXT
DOOR” CONCESSIONS
PROJECT “THE DOCTOR NEXT DOOR”
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Rental terms
-‐ Rental rates for use of premises: 1RUR per square meter per year;
-‐ Rental: 20 years
Terms of discounted rental for use of
premises
-‐ AcLviLes related to mandatory medical insurance;
-‐ Volume of visits to primary care physicians: at least 8,000 per year;
-‐ Compulsory license for medical acLvity; -‐ PracLcal experience of at least 3 years as of
February 25, 2013;
Area of premises
From 150 to 450 square meters
Healthcare infrastructure development: concessions
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CONCESSION: the crea;on/reconstrucLon by a concession operator (investor) of
property that belongs to a public partner (the city of Moscow), and the performance of economic acLvity using that property
Concession agreement
-‐ Concluded for an extended period (up to 49 years); -‐ Concluded on a compeLLve basis; -‐ A complex set of relaLons can be formalized in one document
Concession property
-‐ Free of third-‐party rights; -‐ May be transferred by the concession operator for use by third parLes, with the consent of the owner;
DEVELOPMENT OF HEALTHCARE FACILITIES: CONCESSION
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CITY TEACHING HOSPITAL # 63
Sta;s;cs Area of land plot 20,109.0 square meters
Area of premises for reconstrucLon
29,647.6 square meters
Term of concession agreement 49 years
DuraLon of investment phase (design, construc2on, ou3i4ng, launch)
4 years
Planned investment costs, total 4,374 million RUR
-‐ Cost of reconstrucLon 2,884 million RUR
-‐ Cost of equipment 1,490 million RUR
Share of mandatory medical insurance (MMI) services
Between 20% and 30%
Medical service Total volume of services
Volume of MMI services
Number of surveys: positron-‐emission tomography center 29,760 Up to 7,000
Number of hospitalizaLons: endovascular surgery center 4,867 Up to 1,000
Number of visits: endovascular surgery center 386,880 Up to 65,000
Number of hospitalizaLons: perinatal center 6,600 Up to 1,000
Number of visits: perinatal center
305,040 Up to 55,000
Number of obstetric deliveries 4,538 Up to 1,000
Number of hospitalizaLons: intensive care 1,460 Up to 500
Number visits: intensive care 189,720 Up to 25,000
Rental of cultural heritage sites
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Rent: one ruble per square
meter per year
Sale of rights by auc;on
High investor interest
Rental period: up to 49 years
Subject to conserva;on
order
Rental of cultural heritage sites
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Discounted rental rates
-‐ Discount rental rate aSer property restored and rendered fully usable; -‐ Period of restoraLon work: up to 5 years; -‐ Market rental rates applied during restoraLon
Investor interest
-‐ 7 cultural heritage sites aucLoned since April 25, 2012; -‐ Total volume of annual rent: 49,846,157.6 RUR (1,567,163 USD); -‐ Final value of rental rights exceeded iniLal value by an average factor of 3.5; -‐ For one site, the final value exceeded the iniLal value by a factor of 15
Lot documents contain the fullest possible set of
documents to restore and use the cultural heritage
site
-‐ Technical terms; -‐ City-‐planning reference for land plot; -‐ Land-‐registry cerLficate for land plot; -‐ DraS rental agreement
A list of property available at auc;on can
be viewed on-‐line:
hJp://torgi.gov.ru hJp://dgi.mos.ru
RENTAL OF CULTURAL HERITAGE SITES
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“The Caryatid House” at
7 Pechatnikov Pereulok
Let for 12.15 RUR (0.38 USD) per month from September 11, 2013 to July 11, 2061, to a private individual who restored the building
Thank you for your attention!
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