PSN GROUP TO CONTINUE SELLING COMFORT-CLASS FACILITIES UNDER EQUITY PARTICIPATION AND PURCHASE-AND-SALE AGREEMENTS19/07/2019
PSN Group has reported that all comfort-class facilities (commissioned or under active construction) continue to be sold under equity participation and purchase-and-sale agreements. To date, sales have been carried out without the use of escrow accounts.
Thus, lots in the Domashny neighborhood (phases I and II in full), the SREDA residential quarter (phases I and II in full), and the Grinada residential quarter (building D3) are being sold under equity participation agreements.
Real estate properties in the first phases of the Domashny neighborhood and the SREDA residential quarter, which were rolled out in December 2018 – January 2019, are being sold under purchase-and-sale agreements.
Ekaterina Thain, Vice President, Retail Sales, PSN Group:
“We strive to create the most favorable conditions for our clients, with promotions and discounts on our projects. For example, Grinada and Domashny property buyers who conclude an equity participation or purchase-and-sale agreement have the option to pay in installments through till the end of construction without a rise in price.”
PSN Group has been active in the real estate market since 2000, and is one of the largest private companies in Russia. The company specializes in real estate construction and management. In total, its development portfolio covers approximately 2 million square meters of residential and commercial real estate, including 5 residential real estate projects. At present, the company has delivered 2 elite-class and the first phases of 3 comfort-class facilities.
PSN Group+7 (495) 363 2023