Metrostroy of the Northern Capital

History

2024: Purchase of a reinforced concrete factory in St. Petersburg for 1.13 billion rubles

Metrostroy of the Northern Capital (MSSS) bought a plant of reinforced concrete products in the Primorsky district of St. Petersburg for ₽1,13 billion. The deal took place on August 27, 2024 at a auction organized by the Russian Auction House (RAD). The plant previously belonged to the bankrupt Metrostroy OJSC and was sold almost half the price of the originally set price.

According to Vedomosti, the property complex acquired by the MSSS includes a land plot of 5.6 hectares, six buildings, including a production building and a finished product warehouse with a total area of ​ ​ 5800 square meters. m. The facility also includes a number of technical structures and access roads from the Shuvalovo railway station.

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Freepik

Bidding, at which the plant was sold, took place for the second time. Initially, the object was estimated at ₽2,7 billion, but due to the lack of applications, the starting price decreased several times. It is noted that the object was sold by ₽786,3 million more than the minimum set price, which indicates high interest from potential buyers.

Metrostroy of the Northern Capital, which is the new general contractor for the construction of the metro in St. Petersburg, has already used the acquired site since 2023. Now the plant, located on Novo-Nikitinskaya Street, will become part of the company's production base, which will strengthen its position in the construction and production of building materials in the region.

Olga Zheludkova, Deputy General Director of the RAD, noted that the sale of the reinforced concrete products plant is the fifth successful transaction carried out as part of the bankruptcy procedure. She stressed that assets are sold with good financial results, despite the difficult market conditions.

The acquisition will allow the company to continue large-scale projects for the construction and modernization of the transport infrastructure of St. Petersburg, as well as increase the level of localization of the production of materials necessary for this purpose.^[1]

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