PSN HAS RECEIVED FINANCING OF 10 BILLION RUBLES FROM SBERBANK

20/11/2017

Sberbank has provided financing of 10 billion rubles for the Domashniy project. The companies have signed a 3.5-year agreement.

This is not the company’s first project financed by Sberbank. PSN Group previously received financing from the bank for the elite Polyanka/44 private housing complex and the I’M on the Garden Ring residential quarter.

The Domashniy residential community is the first large-scale housing construction project in Maryino District in 20 years. The development covers an area of 27 ha. The first phase will be commissioned by early 2018.

Maxim Gasiev, PSN Group President: “For any large developer, financing for projects by an influential market player like Sberbank is a sign of trust and future project stability. We already have a long history of successful cooperation with Sberbank. PSN Group’s portfolio currently includes 7 projects with development potential of 3 million sq. m. The first buildings will be commissioned in late 2017 and early 2018. In the first half of 2017, PSN Group ranked among the top 3 companies in the number of comfort-class apartments sold.

We think highly of the Domashniy residential community project for its high construction quality standards, unified site development concept and efficient infrastructure,” said Natalya Shemanovskaya, Managing Director, Head of the Real Estate Division of Sberbank CIB’s Largest Clients Coverage Department. “Implementing this project will take our cooperation with PSN Group to a new level.

PR Department

PSN Group

+7 (495) 363 2023

pr@psngroup.ru