The selection of investors for the development of the satellite city of Vladivostok has been announced

The Far East and Arctic Development Corporation (FEDC), which manages land plots with a total area of ​​more than 1 thousand hectares in the Nadezhdinsky district of Primorsky Region, has announced a selection of investors who are ready to take part in the creation of a satellite city of Vladivostok on this territory. According to the approved architectural and urban planning concept of the project, it is planned to build up to 2 million square meters of real estate here. Companies, that are ready to invest their own and borrowed funds into the project, including using concession mechanisms, and have in their portfolio successfully implemented in the period 2019-2024 projects in the field of residential, retail, office or hotel real estate with a total area of at least 1 million square meters can participate in the selection. The key criterion in determining the winner will be the maximum amount of private investment. The winner of the selection will be granted the status of a resident of the priority development territory "Primorye" and a set of government support measures, including preferential conditions for the sublease of land plots, tax preferences, and access to preferential financing. The winner will be determined on the eve of the Eastern Economic Forum, which will be held in the capital of the Far East in September.