The Savings Bank told how developers can ensure that you receive credit. Most lending money to developers perepalo economy-class housing and builders shopping centers, these segments were the most interesting for investment after the crisis. As told on February 9 press conference, managing director of real estate financing and infrastructure Savings Sergei Bessonov, the volume of loans for building projects in 2010, increased by 11.5% to $ 196.6 billion. In 2009, funding development projects was, in turn, lower volumes in 2008 to 32% (283 billion). The total area of objects that are implemented by the Savings Bank issued money is about 58 million square meters. m. According to Bessonov, now the highest priority areas for Sberbank are two of the most stable segment of the housing market is, the amount of loans which grew by 34%, and commercial real estate, which now makes up a large portion of the portfolio of commercial real estate lending. "These market segments have recovered most quickly after the crisis, and generally show good profitability and return on investment", - said Sergei Bessonov. Who will give credit for information Sergei Bessonov, in 2011, Sberbank sees for himself three areas of priority in funding the construction. First of all, financing of residential real estate projects, commercial real estate lending and refinancing of commercial real estate, loans secured by statutory activities and cash flows of objects. "Compared with 2008, we tightened up a series of requirements to the developer, apply for loans. First of all, the developer revised the first installment as the initiator of the project: Now the bank is ready to invest in the project should not exceed 70% of its total budget "- warns Bessonov. Also, he said, recognized the flawed pre-crisis practice when, as a software developer on the project represented the land after the crisis, many of them worthless, and today the bank shall reassess the land at the time of consideration of the loan. "This is a conscious conservatism, which will help maintain the integrity of the loan portfolio," - said a top manager. Save Mirax Sberbank decided to grant credit developer Sergei Polonsky Mirax Group for $ 370 million "full details of the loan, we can discover about a month and is due to the fact that Mirax must fulfill additional conditions," - said Bessonov. According to him, means, in particular, will be used for completion by the borrower of the tower "Federation" in complex "Moscow City". It's about completing the tower and the implementation of interior decoration and construction of communications. Savings fund housing projects and 5 years, currently housing, especially projects of economy-class facilities and the Defense Ministry, are the most pay off, and guarantee return on investment within a year and a half. The inner term financing of commercial real estate, and 10 years. The most "problematic" in terms of payback period, according to Sergei Bessonov, is now the office real estate and hotel business (return on hotel projects over 10 years). The level of interest rates representative of the Savings Bank did not want to sound, saying that they can be both fixed and floating objects and refinanced in size can vary from 10%. The cost of the project financing is already expensive. Bessonov also reported that Sberbank plans to increase its portfolio in 2011 loans to finance construction projects by 13-14%. According to him, the dynamics of the Savings Bank will be better than the market, whose growth this year expected to exceed 10%. However, data on the growth of credit portfolio of construction projects for 2010 not yet available. Commenting on the collaboration with companies, "Don Story" and "DS-Development", Sergei Bessonov said that Sberbank is not going to take away from the borrowers assets that generate income - this also applies to the mall, "Pike", built by "DS-Development" Housing or shopping centers? According to Bessonov Sergei GZT, according to internal analysis, the most interesting market for financing today economy class, not only in Moscow, this segment provides the most massive demand. At the same time, luxury housing and housing business class in the Savings Bank considered less attractive for investors because of the longer payback period of projects, these segments while emerging from stagnation. Commercial market segment of commercial real estate as long as the segments ahead of the office, hotel and warehouse property. "Retail is a growth driver number 1, but the office market will recover the slowest, yet here there is excess demand and supply of office space should be adequate to this demand," - said Bessonov. The expert said that the desire of Mayor Sergei Sobyanin in Moscow to limit construction of shopping centers had virtually no impact on the implementation of joint projects of Sberbank and retailers, some of them are already under way in Moscow, part of the shopping center will be built outside Moscow. In general, according to Bessonova, in 2011 the rate of lending to residential real estate projects will grow by 11.6%, and commercial-at 11.2%. At the same time Sergei Bessonov said that specifically to acquire real estate assets Savings Bank is not going to because they do not want to be a developer. Made today about the fact that the company will help Sberbank bought out their company "Tsentrstroy", also owns 100% "Mosmetrostroy" to build a subway in Israel, representatives of the Savings Bank is not confirmed. "Savings can be called one of the largest banks financing real estate. Analysis of consumer market in Moscow - in the context of income levels and purchasing activity, demonstrates the high demand for shopping centers, so the company can guarantee the investor to recover their investments in the capital's shopping center. Large investors, such as Sberbank, typically diversify their investment portfolio: part of the projects they consider the least risky areas, such as Moscow, and a part-regions "- says the bank's policy manager NAI Becar Dmitry Sorokoletov. According to him, throughout the 2010 metropolitan retail market showed a positive trend: after the crisis weakening consumer trends, the demand for retail space, and from tenants, and this in turn resulted in an increase in rental rates of 7-10% depending from the object. "If we talk about the security of the inhabitants of the capital of retail space, in Moscow the figure is 275 sq.m. 1 thousand, while in Europe, it reaches up to 800 sq ft to 1000 people, "- says the expert. Going to the Development Sergei Bessonov also reported that the previously introduced creation of the Savings Bank "Sberbank Development" has not happened yet. It was assumed that the company will be transferred to some real estate assets that have fallen during the crisis, Sberbank for debt and in need of development. "Such companies do not. The idea of "Savings-Development" remains, but the specific time of its creation is not put "- Bessonov said. He added that the Savings Bank until nobody made an offer to head the company. The press has repeatedly appeared information that the company "Savings-Development" can lead the co-owner of PIK Group Yuri Zhukov. This opportunity is not denied, and the head of Sberbank, German Gref.v "Thanks to significant state financial support could keep afloat the major developers, level of debt which has become the default risk on the background of the crisis-adjustment of prices and collapsing consumer demand. It is logical that as a result of numerous processes, restructuring and even lines of sanctions, on the balance sheets of major banks have accumulated a significant amount of assets. We do not rule out that scenario a core group can indeed be realized in the medium term "- says the analyst of the Criminal Code" Finam Management "Maxim Klyagin.
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