Housing in Russia, like any profitable industry, traditionally prefers not to advertise its actions. However, lovers of transparency also invaded its territory. The specialists of the dataflat.ru portal examined Rosreestr’s data, compared them with price lists on developers ’websites and found companies whose revenues over the past couple of years amounted to more than 50 billion rubles. And then Forbes experts entered the game and asked these companies to provide them with financial information.
When compiling a list of the most reliable developers in 2019, Forbes magazine focused on the following indicators.
- Specific revenue. Since construction is not a quick process, it was decided to look at the total profit for 2016-2018. It is clear that the higher the profit, the higher the company's position in the list of champions.
- Growth and development. In addition to net income, it is also important to monitor the dynamics - whether the company prefers to rest on its laurels or continues to develop.
- The number of square meters handed over. The more of them, the higher the rating of the company.
- Accuracy. Namely, how much the developer is inclined to keep his own promises about the delivery of square meters.
- Openness. The more willingly the company shared its data with Forbes experts, the higher its rating.
- Debts and lawsuits. In addition to positive factors, Forbes drew attention to negative factors - the company's debts, as well as lawsuits brought against it.
As a result, a list of the 20 most financially reliable developers of Russia was formed, about 10 of which we will now tell you in more detail.
10. Ingrad
Where: Moscow
The Moscow company Ingrad opens the list of the most reliable developers in the Russian housing market. Its life on the market is only 5 years.
But, according to the company's press service, it boasts the fastest growth rates, and over the past year it managed to increase its revenue by as much as a third.
The owner of the company is Roman Avdeev, who, in addition to Ingrad, also owns the Moscow Credit Bank.
9. GC "Pioneer"
Where: Moscow
"Pioneer" - a child of the millennium, who was born in 2001. It is interesting that from the very beginning Pioneer conducted its business in St. Petersburg, however, in 2018, the company's management dramatically starred and, like a migratory bird, went to make decisions in Moscow.
The St. Petersburg office has remained the status of fee-development - it is a kind of mercenary of the construction world, which provides development services for a fee.
Perhaps it was the transfer of the activity center to Moscow that caused a positive reaction among international rating agencies, which changed the status of Pioneer from “stable” to “positive”.
8. GK "Granel"
Where: Moscow
In the history of Granel Group of Companies, business is closely connected with politics. The company originated in Bashkortostan, where one of its founders, Andrei Nazarov, was an active political figure. He even headed the government of the republic for six years, and in September 2019 he was appointed deputy prime minister.
The second founder, Ilshat Nigmatullin, CEO of the company, continues to build. The company specializes in bringing residential buildings that have been abandoned by previous developers (Estet, Ecopark Nakhabino and others) to residential buildings, or paying compensation in cases where it does not make sense to build (Swan Lake).
7. GC FGC
Where: Moscow
FSK was born in 2005, when larger businessmen, Deripaska and Kerimov, took away from smaller businessmen, the Voronins, the Glavmosstroy holding. And even the family and political ties on which the construction business of Russia stands and will remain for a long time did not help the Voronins to keep a piece of cheese “in its beak”.
However, Vladimir Voronin did not become discouraged and continued family traditions, creating the company FGC. Despite the unfavorable forecasts, she managed to become one of the largest development companies in Russia.
6. GC "Airplane"
Where: Moscow
The “airplane” took off just a few years ago, but from the very beginning it behaved aggressively and aggressively. It differs both in the pace of construction and in price, offering square meters somewhere about one tenth cheaper than that of competitors.
Perhaps the secret to the company's success lies in the ability to negotiate with land owners. However, evil tongues claim that in fact the reason is that the partner of Samolet is Maxim Vorobyov, the brother of Andrei Vorobyov, the current governor of the Moscow Region.
5. Lingonberry
Where: Ekaterinburg
In fifth place in the top 10 most reliable Russian developers according to Forbes is the only Siberian company with the romantic name “Lingonberry”. She specializes, of course, in the Siberian direction, although the company had attempts to enter the Moscow market. Three years ago, she began to build a residential quarter in the city of Vidnoye near Moscow.
And now the company is going to merge with the Finnish construction concern YIT. The resulting offspring will not be engaged in the construction of houses, but exclusively in their maintenance.
4. Setl Group
Where: St. Petersburg
From the Siberian capital we are transferred to the northern capital, where the headquarters of the fourth ranking place is located - Setl Group.
Once the founder of the company Maxim Shubarev worked as a simple locksmith, who was taken under the wing of his father’s comrade, Anatoly Turchak, director of the plant. And now the son of Anatoly, Andrei, is the secretary of the board of the United Russia party.
It is not surprising that with such a background, the Setl Group began to develop rapidly. She managed to reach 70% of the third place in the ranking, LSR, whose communications were even more powerful.
3. LSR Group
Where: St. Petersburg
The stepfather of the head of the company, Andrei Molchanov, once worked as vice-rector of the University of Leningrad. And his assistant was Vladimir Vladimirovich Putin himself. Apparently, since then a strong male friendship has arisen between Andrei and Vladimir, which, as you know, is the best guarantee of financial success in Russia.
In 1993, Andrei, while still a student, made a fuss and privatized the Stroydetal company, from which the LSR company grew. In 2015, it was recognized as one of the backbone enterprises of Russia. She often got the tidbits of construction, such as the restoration of the Konstantinovsky Palace in St. Petersburg. Or a mouth-watering order to restructure the residence of the Presidential Representative in the Northwest District.
Of course, as Andrei says, the stay of his stepfather Yuri as the vice-governor of St. Petersburg has nothing to do with the orders received.
In addition to Peter, the company turned its eyes to Moscow, where its numerous branches set to work. It was with one of the LSR subsidiaries that the sensational scandal in Bitsevsky Park was connected, where about 350 square meters were supposed to be built in place of trees and grass. m of real estate.
2. Etalon Group
Where: St. Petersburg
The history of the company began even before perestroika, when the current head of the company, Vyacheslav Zarenkov (now one of the richest people in Russia) fussed over and took over the building factory.
Since then, the Etalon Group has grown, developed and even dared to stick its nose into the Moscow market, where, as you know, the waters are murky and the fish are the fattest. "Etalon" bought the Moscow developer "Leader-Invest" and firmly established itself in the Russian capital.
However, Zarenkov himself slowly but surely retires. Two years ago, he chose to get rid of a number of Etalon shares, putting them into free circulation. Now he has only 5.7% of the shares left. Whether this is connected with the scandal that erupted at the same time at the London financial exchange - who knows.
Then the managers of Etalon, taking advantage of the introduction of new accounting standards, increased the company's profit by as much as 12%. On the paper. But when traders realized that they were being fooled, as it were to put it more delicately, the value of Etalon's shares fell one and a half times.
1. GK PIK
Where: Moscow
In place of the leader among Russian developers is the company PIK - the largest construction tycoon in Moscow and the near Moscow region. The best developer in Russia has been on the market for more than a quarter of a century, and all this time it has been competing with other major development companies - Morton and SU-155.
This battle ended just recently - in 2016, when Morton was absorbed by PIK, and the SU-155 went bankrupt. There was a reshuffle in PIK itself, out of the three large shareholders that owned approximately the same number of shares in the company, only one remained - billionaire Sergey Gordeev. Now in his hands is concentrated 59.15% of the company.
Over the past years, the company has built more than 19 million square meters. m of residential premises. She prefers to work in Moscow and the region, and also - unexpectedly - Baku.
Not without conflicts, the most recent of which thundered in Kuntsevo, where residents suddenly found that the real resettlement plan had nothing to do with what they were shown. Also, questions are raised by the sudden sale of PIK shares to VTB Bank. According to unverified information, the reason for this haste is an unexpected visit to the PIK office of security officials who were very interested in 85 million rubles that disappeared somewhere.
Whatever happens behind the scenes, PIK is by far the largest real estate developer in Russia. Moreover, the Russian government decided to include the company in the "backbone enterprises of the Russian economy." This means that even in the bad years for the construction business, PIK will definitely stay afloat, at least at the expense of the budget.
