Business Nedvizhimost’s business model is focused on three areas:
management of rental contracts in the segment of commercial and low-rise residential real estate;
redevelopment of commercial properties;
maintenance of commercial and residential properties.
All these areas are interlinked within the value creation chain in the commercial segment: the value created through redevelopment is subsequently monetised by leasing the properties, accounting for optimal maintenance plans for each asset.
Business Nedvizhimost's development strategy adopted in 2019 focuses on In-depth redevelopment of certain assets in order to enhance their quality and significantly raise rental rates. One redevelopment option is multi-purpose centres that accommodate traditional offices, co-working and shopping spaces, as well as serviced apartments.The renovation programme is divided into several stages and is designed to run until 2024.
In addition to renovation of own properties, the company plans to purchase assets off the market for in-depth redevelopment, including joint redevelopment with external partners.