MIPIM 2018

The New Development of St. Petersburg: 20 Years of Success

A Description of the Business Programme of the Government of St. Petersburg:

The investment climate in Russia, among other things, depends on the economic development of its regional centres. Moscow and St. Petersburg offer investors high-yield projects and moderate risks. The average size of commercial real estate transactions in Moscow is $73 million, in St. Petersburg – $27 million, with capitalisation rates twice as high as in Western Europe.

Redevelopment, working with historical real estate, opening creative spaces, smart transport and other infrastructural projects are promising areas of urban development. According to the forecast of analysts, in 2018, commercial real estate in St. Petersburg alone will attract about RUB 120 billion, the share of foreign investors is estimated at 10–15%.

How to increase this share, what else can the capital cities of Russia offer investors, how to develop cooperation within a public-private partnership, what urban vector should be chosen for future development? These and other questions will be discussed at business events within the framework of the MIPIM 2018 Real Estate Exhibition. Developers, representatives of funds and the banking community, urbanists and consultants are invited to participate.

Official business programme at the St. Petersburg stand

13 March 2018

10:30 – 11:00
Ceremonial opening of the stand.

11:30 – 12:30
Official congratulation from Reed MIDEM on the 20th anniversary of the St. Petersburg delegation participating in the MIPIM Exhibition. Informal communication, mini buffet.

12:30 – 13:30
Session: Urban public-private partnership practices

Description
A city attracts investors not only with interesting projects or assets, but also with support mechanisms, both administrative and economic. In Russia, a unified mechanism for supporting territories is being developed, and new schemes for project financing are being prepared. In addition, each region builds its own system of interaction with the investment and development community, as well as adopts relevant legislation and regulations. Representatives of government structures, developers, investors, and consultants are invited to participate in the session.

The session’s discussion topics

• St. Petersburg’s offers for investors, city development programmes, benefits that the city can provide to developers, etc.
• Success stories, implemented and ongoing projects in real estate
• Changes in legislation aimed at improving the investment climate, new city planning regulations

13:30 – 14:30
Session: Concession Space

Description
St. Petersburg has rich historical real estate, which needs to be updated and included in the active urban turnover. The city is also creating a smart transport system, planning to upgrade engineering networks and build new high-speed roads.

Topics for discussion

• From a mansion to a hotel or an apartment complex: possible use of cultural heritage sites (cases, new projects)
• Convert while preserving: a dialogue with European capitals that have experience in the redevelopment of historical real estate
• City programs, offers for investors from the government of St. Petersburg

15:00 – 16:30
Cross session «St-Petersburg -Moscow: two capital’s dialogue»

Description
St. Petersburg and Moscow attract the lion’s share of investments into the Russian economy. But while the share of the first one has been steadily growing in recent years, the share of the latter has been somewhat decreasing. Is the Moscow market indeed overheated, while the St. Petersburg market is briskly developing? What opportunities are open to investors looking for new «places of power» in these cities?

Topics for discussion

• Residential real estate / commercial real estate: what segments will be «on fire» in 2018. Comparison of investment opportunities and potential profitability of investment projects in the two capitals
• Redevelopment of industrial zones or unused (inefficiently used) territories as a development option of the metropolitan space
• Coastal areas as new centres of urban attraction: reconstruction of embankments, new transport schemes
• Upgrade of real estate (how to create an attractive investment product from an obsolete facility without large-scale redevelopment)

14 March 2018

12:30 – 13:30
Session: Projects for the Future

Description
How should a modern city grow: in width or in height? What is the most appropriate ratio of its built-up areas, parks and public spaces? Is time-sharing, the alternating work of a large office business and a small consumer business, possible in the central regions of megacities with high commercial real estate rental rates? Should self-sufficient neighbourhoods be created on the principle of living, working and entertaining in one place? These and other issues are offered for discussion at the session with the participation of urbanists, architects, developers and consultants.

Topics for discussion

• How urbanistics can help investors make money (foreign cases, Russian realities)
• Innovative approaches to modelling a modern city
• Development and innovative technologies (BIM, smart houses, digitalisation)

13:30 – 14:30
Session: Roads for Investments

Description
Growing cities need a convenient and well-developed transport infrastructure. Experts argue whether it is necessary to build new roads or if it is better to restrict existing traffic and to develop public transport. The smart management of traffic flows will make transportation convenient and comfortable, and properly designed transport and transfer nodes can become a platform for building new commercial real estate.
The session invites discussion of intellectual and investment approaches to creating and developing road infrastructure.