RIAS Newsletter 05 | Page 15

RIAS MAGAZINE No 05 Island & World Cup in Saint-Petersburg >> Continuation Galina Sopegina RIAS: The priority use of the island is sports and recreation? There will be no industrial facilities? There is no production. There will be, perhaps, hotels, recreation areas, yacht clubs, golf club or business center. It all depends on what the investor would come to the island. Galina Sopegina RIAS: Does the permitted use of the land allow to create a sports area? Purpose of the site is not industrial, it is for public and business buildings. There will be no housing, but there can be a business center. Most importantly, the Makarova Quay, which will be expanded, is going to be a pedestrian area, there are plans to build tracks for cycling. This way you can reach the island from the Vasilevsky Island and the Petrograd side. Today, it is difficult. People who may like to come to the island, to rent an office, give up the idea as soon as they imagine how they would get there. RIAS: Now I would like to speak about the prices. We can discuss it, can't we? Tell me how many luxury apartments in terms of prices would it take to buy Sernyi Island? GS: Our agency does not deal with luxury apartments. We sell land, Sernyiy Island occupies an area of 3 hectares and it is slightly more expensive than a small plot of land also in the city center. Galina Sopegina apartment buildings, so I will say basing on the land. That is, if you take the land in the center with all permissions to build a multiapartment house, its price is almost the same as that of the island. 15