What is “Development” and who is a “Developer”? Developers are... What is real estate development

A few more years back Russian market real estate could not dream about those investments which many companies ready to invest today. If previously a large project was valued in the millions dollars, now thanks emergence of new players The count is already in the billions. Building Business magazine decided make a TOP 15 rating, whose management does not intend to regret money for construction projects and ready to build cities. The main selection criterion was presence in the company's portfolio one project worth not below $1 billion

The right to be a leader is being contested by the development divisions of three holding companies: Oleg Deripaska's Basic Element, Viktor Vekselberg's Renova group and Vasily Anisimov's Coalco. It is interesting that the heads of all these companies are or have been actively involved in the aluminum business.

Coalco

$10 BILLION Vasily Anisimov's Coalco company will invest in construction projects in the next seven years.

Details: Coalco was founded in 1994. Before the advent of the Bolshoye Domodedovo housing construction project, the company specialized in investments in the commercial real estate sector in Russia, the USA and the CIS countries. The company is also one of Russia's largest investors in the agro-industrial complex. In 2000, Coalco exited the metallurgical business by selling its aluminum assets to SuAl and RusAl. After this, the development direction became the main activity of Coalco.

Main projects: Bolshoye Domodedovo (12 million sq. m of housing, $9.3 billion); three office centers (Khodynskaya street, 2; Lesnaya, 27; Tverskaya Zastava) – total investment volume is approximately $800 million; shopping and entertainment complex in Kazakhstan together with the Turkish company Rixos Hotels (80,000 sq. m., $140 million).

Renova

$10 BILLION will be involved within 20 years in the construction of the Academichesky district (Ekaterinburg) by the Renova group.

Development divisions: CJSC Renova-StroyGroup and CJSC Renova-Development.

Details: development divisions were created in 2005. The process of merging them is now underway. According to experts, in the next few years the annual investment volume could reach $1.5 billion, and the annual construction volume will exceed a million square meters if Renova develops projects similar to Academichesky in Perm and Chelyabinsk.

Main projects: Akademichesky microdistrict, Yekaterinburg. Over 20 years, more than 13 million square meters will be built here. m of housing and other real estate for 325,000 people.

Management Company "Scale"

$7 BILLION intends to direct the management company "Scale" to implement the project on the territory of the Kommunarka state farm for 20 years.

Developer: Management Company "Scale".

Details: shareholders of the companies "Augur Estate", "North-West" and "Sobinbank" created the management company "Scale" to build a city on the territory of the former Kommunarka state farm near Moscow. It was not possible to find out the names of the owners of the Masshtab Management Company, but it is known that one of the most likely participants is the co-owner of the Avgur Estate company, Vadim Moshkovich. The lands under the Kommunarka state farm were bought by Moshkovich’s structures three years ago. They start almost immediately behind the IKEA and MEGA shopping centers and stretch to the city of Troitsk (3–23 km from the Moscow Ring Road along the Kaluga Highway). This is almost a third of the entire Leninsky district of the Moscow region.

Main project: Kommunarka ($7 billion). More than 11 million square meters will be built here. m of housing for 300,000 people. The project implementation period is 20–25 years.

Mirax Group

$5.8 BILLION Mirax Group is planning to invest in real estate.

Development divisions: MiraxConstruction, MiraxCity (builds Federation Tower).

Details: The company is currently assessing new facilities, so we have to rely on old numbers. Mirax Group Corporation was founded in 2000 by Sergei Polonsky. Its original name was the Stroymontazh company. According to Mirax President Sergei Polonsky, by 2010, in addition to existing projects, the company plans to invest more than $2 billion in new facilities.

Main projects: 1.2 million sq. m of retail, entertainment and office space on a 45-hectare plot in the railway exclusion zone next to Victory Park not far from Moscow City (investments are estimated at $1 billion). Reconstruction of the Fili Davydkovo district - total construction area of ​​1.2 million square meters. m. The new microdistrict will be located in a park area on an area of ​​46 hectares ($1 billion); business complex "Federation" (423 thousand sq. m - about $850 million).

Sibir Energy PLS

$5 BILLION Shalva Chigirinsky, co-owner of Sibir Energy PLS, expects to invest in real estate within five to six years.

Development divisions "ST Group":"ST-Development" (managing the project for the "Russia" hotel), "ST-Towers" (developer of the "Tower "Russia" project in the Moscow City International Business Center), "ST-New Holland" (working on the project "New Holland" " in St. Petersburg).

Details: Projects totaling $5 billion are currently in the works. The declared capital will be doubled if the developer wins the competition for the project of a public entertainment complex. Most of Shalva Chigirinsky's major projects are led by the architect Lord Norman Foster.

Main projects: demolition of the Rossiya Hotel and construction of a multifunctional complex in its place (450,000 sq. m, investment volume $2.5 billion); 600-meter tower "Russia" (400,000–420,000 sq. m., $1.5 billion); reconstruction of “New Holland” in St. Petersburg ($340 million); six Real hypermarkets ($360–420 million); project of a public entertainment center in the Nagatinskaya floodplain (about $5 billion).

"Don-Stroy"

At $4.4 BILLION the portfolio of projects of the Don-Stroy company is assessed.

Development divisions:"DS-Realty" - residential real estate, "DS-Development" - commercial real estate.

Details: The Don-Stroy company was founded in 1994 and belongs to Maxim Blazhko and Dmitry Zelenov. The largest completed projects: “Scarlet Sails”, “Triumph Palace” and the “Vorobyovy Gory” quarter.

Main projects: complex on Zvenigorodskoye Highway with an area of ​​about 680,000 sq. m, of which almost 200,000 sq. m accounts for premium housing. Investments in the project will amount to $1.5 billion. The area of ​​the site is 8 hectares. In total, the company's order portfolio until 2010 includes 2 million sq. m. m of residential and commercial real estate. Among the large unrealized projects is the House on Mosfilmovskaya (138,000 sq. m - $300 million) and the Oruzheiny office and business center (150,000 sq. m - $365 million).

"ST Group"

$4.3 BILLION will amount to the volume of investments in real estate of Alexander Chigirinsky's development companies. Development divisions: ST Group, ST Group Region.

Details: The owner of the oldest development company ST Group, Alexander Chigirinsky, is only $700 million behind his brother Shalva. He will invest $4.3 billion in the projects of his two companies. Of this, the lion's share will be spent by ST Group - $3.3 billion in Moscow. ST Group was founded in 1989 by the Chigirinsky brothers, and is currently controlled only by Alexander. He also owns the Mtsensk Aluminum enterprise. ST Group Region builds business-class residential complexes in Novosibirsk, Sochi, Lazarevsky (Sochi), Rostov-on-Don, Stavropol and A+ class office complexes in Novosibirsk, Krasnodar, Nizhny Novgorod. The total planned construction area is 1 million square meters. m. Total investment until 2009 is $1 billion.

Main projects: City Palace ($2 billion); cottage village "Rublevo-2" (30,000 sq. m., $300 million); multifunctional complex Di fronte de la Casa on 1st Tverskaya-Yamskaya Street (formerly called the “4 Winds” project; 40,000 sq. m of office space, 80,000 sq. m of housing, $300 million); Lake House (300,000 sq. m., $700 million).

"East Line" and MRP

$4 BILLION There is a joint project between the Moscow River Shipping Company and the shareholders of the East Line group to develop the surrounding area of ​​Sheremetyevo Airport.

Developer: Hines (not yet officially approved).

Details: MRP holding operates in four industries - construction of fiber optic lines, shipbuilding, real estate and airport management. More than 50% of the MCI belongs to Roman Trotsenko. In 2005, the value of assets was about $1.5 billion. East Line is the company that manages Domodedovo Airport and a large landowner. The companies plan to begin their joint project in the summer of 2007 and complete it in four to five years.

Main projects: construction of 5 million sq. m of housing, offices and warehouse space in the area of ​​Sheremetyevo airport: a business park with an area of ​​1.8 million sq. m. m, including 1 million sq. m of class A offices and 800,000 sq. m of business class housing; four-star hotel with 500 rooms; a logistics complex (850,000–900,000 sq. m.), as well as 2.5–3 million sq. m., will be built near the Sheremetyevo-Cargo terminal. m of panel housing.

JSC "Sistema-Hals"

$3.5 BILLION will attract the capital development company Sistema-Hals, a division of AFK Sistema.

Details: CJSC Sistema-Hals is a subsidiary of AFK Sistema. Created in 1990. In 2006, Sistema-Hals became a public company. In November, during an IPO on the London Stock Exchange, it is planned to place 18% of the shares of Sistema-Hals OJSC. By the time of the offering, the company's value could be $2–3 billion.

Main projects: two projects worth $1 billion each - the Preobrazhensky technology park (572,000 sq. m) and the multifunctional complex "Hals Park" (390,000 sq. m) on the site of the Sport Hotel. In addition, SistemaGals manages the Big City with an area of ​​1000 hectares, is reconstructing the Beijing Hotel, Children's World, and is building a Siemens office (572,000 sq. m).

"Nafta-Moscow"

$3 BILLION The Nafta-Moscow company is going to invest in the construction project of the city of Rublevo-Arkhangelskoye.

Developer:"Terra-Development".

Details: Terra-Development was created in 2005 specifically for the implementation of the Rublevo-Arkhangelskoye project. The investor of the project is the former oil trading structure NaftaMoskva, which, according to market participants, is headed by State Duma deputy Suleiman Kerimov. In 2005, the company became a co-owner of Mosstroyekonombank, on whose balance sheet the Smolensky Passage complex was located, and then the largest shareholder of the construction company SPK Razvitie, which controls such companies as Glavmosstroy, Mosmontazhspetsstroy and Mospromstroymaterialy. However, a few months later, SPK Razvitie was resold to the structures of Basic Element, and a large stake in Mosstroyeconombank was transferred to the industrial and financial corporation BIN.

Main projects: Rublevo-Arkhangelskoye is the only development project of Suleiman Kerimov. The development site is located 3 km from the Moscow Ring Road along Novorizhskoe Highway; 3 million sq. m. will be built here. m of real estate for 30,000 people. The land area is 430 hectares. The project is due to begin in 2007.

"Sign"

$2.5 BILLION Nikolai Tsvetkov’s Znak corporation intends to spend on its five projects.

Details: one of the largest land owners in the Moscow region, the Znak corporation (Land Agro-Industrial Corporation), has in its portfolio five development projects in the immediate Moscow region.

Main projects: the largest project of the Znak corporation is “Grand Prix” ($1.5 billion). Here, on an area of ​​313 hectares, 1.4 million square meters will be built. m of housing and 120 thousand sq. m. m of commercial real estate, hippodrome, golf course. Construction will take place near the village of Putilkovo, 1 km from the Moscow Ring Road. On another site of 524 hectares, the Kozino Valley low-rise development area (about 200 thousand sq. m of housing) is planned. In addition, the Rozhdestveno Hills cottage community (58 hectares) and the Rublyovka Golf Club complex (333 hectares) will be located in the Krasnogorsk district. In the Dmitrovsky district, not far from Yakhroma, the construction of a “Park Hotel” hotel is planned.

Concern "Krost"

$1.5 BILLION The Krost concern is investing in two blocks in Moscow.

Details: The concern is owned by Alexey Dobashin and has existed since 1990. During its existence, the company reconstructed, built and sold 350 objects, the total area of ​​which was about 2 million square meters. m.

Main projects: reconstruction of the Khoroshevo-Mnevniki district. Union Park and Welton Park, currently under construction, will be complemented by two more blocks of 32 hectares each. 2 million square meters will be built on this territory. m of areas for various purposes.

"Crocus International"

$1.3 BILLION Aras Agalarov's Crocus International company plans to invest in the construction of Crocus City.

Details: Crocus International is the largest multifunctional trade and financial group in Russia. The development activity of Aras Agalarov, the owner of Crocus International, began in 1997, when he built Agalarov House on Bolshaya Gruzinskaya Street. To this day, this building remains an example of luxury residential real estate. The second successful development project is the Crocus City complex at the intersection of Volokolamsk Highway and the Moscow Ring Road.

Main projects: the total investment in the development of the remaining territory of Crocus City is estimated by Agalarov at $1.3 billion. The exhibition site Crocus Expo 3 (312,000 sq. m, $368 million) is currently under construction. As a result of the expansion of Crocus City, Veneto will appear - a 22-story extension to Crocus City Mall, where a five-star hotel and Crocus City Business Center will be located. In addition, a luxury cottage community Agalarov Estate is being built on the 24th km of Novorizhskoye Highway.

Wimm-Bill-Dann

$1.2 BILLION Major shareholders of Wimm-Bill-Dann are planning to invest in development.

Details: co-owners of WimmBill-Dann. Food products" Gavriil Yushvaev, David Yakobashvili and Sergey Plastinin, having started with a relatively small project on Rublevskoye Shosse for the construction of a ski slope, have now decided to invest in a large project on the territory. Their colleague Mikhail Dubinin is participating in the implementation of the project for the construction of the Benelux Residences cottage community.

Main projects: office and residential complex next to the “Big City” on the site of the 4th Moscow flour mill (1 million sq. m., $1 billion); multifunctional center in Kitay-gorod (37,000 sq. m., $92.5 million).

The word development itself - development n in its primary meaning is translated as development (General vocabulary. Muller (EN-RU), Akhmanova (EN-RU)).

Development means the development of real estate - carrying out construction, engineering and other operations on real estate, leading to qualitative changes in land, buildings and structures.

A developer is an entrepreneur who receives his profit from the creation of real estate (development), for which he acts as:

    purchaser of a land plot for development;

    the organizer of the design of the facility (licensed designers), the employer of the general contractor (with a license to perform the functions of a general contractor), property managers (if necessary);

    finances it himself or attracts investments if necessary.

A developer is the one who heads the construction, manages it, taking risks. The main task of the developer is to maximize the cost of the project.

Development is any business activity associated with the reconstruction or modification of an existing building or land plot, leading to an increase in their value. In principle, development is not only the construction and reconstruction, but also the renovation of a building or premises - in the event that it increases the sales price or rental rate. This kind of development is called renovation.

Development is the process of project implementation. Development is carried out by companies that invest in construction and/or manage this process.

It has long been recognized in the world that project management is a special area of ​​management, the application of which produces tangible results. Professionals in this field are highly valued (in the United States it is the third-highest paid profession after lawyers and doctors), and the project management methodology itself has become the de facto management standard in many thousands of enterprises and is used to one degree or another in almost all large corporations. Last year, ANSI project management standards were adopted, and a draft ISO 10006 project management standard was developed.

A project is a temporary venture designed to create unique products or services. “Temporary” means that any project has a beginning and certainly ends when the set goals are achieved, or there is an understanding that these goals cannot be achieved. “Unique” means that the products or services created are significantly different from other similar products and services.

In construction, a Project is often referred to as the construction or reconstruction of a specific facility. Although, often the project ends without any construction work. So, for example, a development company can create a legal entity, purchase a plot of land or premises/building for it and issue permits for construction work. After which the “project” can be sold, as a result of which the “development” will not take place.

Project management is the application of knowledge, experience, techniques and tools to project activities to meet project requirements and the expectations of project participants. To meet these requirements and expectations, it is necessary to find the optimal combination between goals, deadlines, costs, quality and other project characteristics.

1. Development

2. Full range of activities development

Project concept development

Change of permitted type of use and approval of IRD

Urban planning study with obtaining appropriate approvals

Obtaining technical specifications for engineering communications

Coordination of the Development Project (General Plan) and the Master Network Plan

3. Development in architecture

Development — a word used among Russian realtors to denote the activity of a realtor who mediates in speculative transactions not only with finished real estate, but also with unfinished real estate real estate(such a realtor is called “”).

Development means development real estate— carrying out construction, engineering and other operations on real estate, leading to qualitative changes in land, buildings and structures.

Development- this is a qualitative transformation of a land plot, ensuring an increase in its commercial value. As a result of development activities, a land plot as an object of real estate acquires a new market status significantly higher than the previous one.

So, the main goal of development is the formation and development of a land plot as a new product, prepared for investment and commercial purposes.

Development

Development organizations typically work with architecture and construction businesses through financing and brokerage activities. The activities of a developer in the housing market can be compared to the activities of a producer in show business.

The term is formed by borrowing the English word development, translated as “development, expansion, deployment, growth; evolution”, that is, in the original, a commonly used word that can be used in any context. In the Russian Federation, a “developer” can also mean a software developer, a cartridge for a copy machine, etc. A similar story happened in Russian with some other English words, for example, with the word “pattern”.


Creating practical solutions within the framework of a commercial or residential real estate project is one of the main activities of our companies.

A properly constructed concept, taking into account marketing, architectural, territorial, legal and social aspects, determines the success of any project.

When developing a business plan for the development of a project, we take as a basis marketing research and an in-depth analysis of market conditions, taking into account the slightest changes. This allows you to correctly determine the positioning and format of the real estate object, its functional purpose, the volume and type of target audience for which the project is aimed. These factors subsequently influence further real estate development.

IN process development ideas, the idea and image of the project are born, which determine its uniqueness. We focus on the most current global trends, taking into account the realities of the local market, actively use the accumulated experience of our own development projects, accurately defining all the components of a successful project from architectural and design details, the composition of future tenants to competent promotion, launch and management of the project.

Construction development organizations covers all stages of the project life cycle and includes:

Search for the most promising areas

- Market analysis projects

Development of feasibility study

Creating a business plan

Attracting funding

Architectural concept development

Preparation of architectural and construction documentation

Obtaining permits and approvals

Construction of the object

Subsequent operation or sale of the facility

Full range of development activities

The full range of development activities includes the following key elements:

Development of the concept and business plan of the Project

Change of permitted type of use and approval of IRD

Urban planning study with obtaining appropriate approvals

Obtaining technical specifications for engineering communications

Coordination of the Development Project (General Plan) and the Master Network Plan

Obtaining permission to carry out construction work

Project concept development

The word Concept comes from the Latin conceptio, which means “perception.” A concept is a system of views on a particular object that reveals an idea and forms a holistic idea of ​​the project. Each investment project requires a preliminary analysis of the market situation, justification of the chosen project concept and preparation of a business plan.

Marketing concept- determines the maximum compliance of the object with the needs market and reflects existing opportunities for its implementation.

The marketing concept consists of the following components:

Development and formation of a marketing strategy for the project

Positioning of the Project - taking into account market trends and consumer preferences. Based on the selected target audience and price niche of the Project;

Definition goods- clear formation and description of the final goods, which is output to market for sale to end customers. Both a land plot in the form of a real estate object with a development complex, and a centralized holiday village can be considered as a product.

The sales strategy and promotion program is a set of measures aimed at the successful implementation of the Project. The Project implementation strategy is based on the following defining principles:

stable orientation towards the acquirer;

high awareness of potential customers about the benefits of the offer.

Architectural - construction concept setting

We recommend the advantages of the architectural style of the village and house designs, including the set of rooms and their zoning in the house.

Technical characteristics and equipment of buildings.

Improvement of public areas

Preparation of a site development scheme (General Plan) with determination of the number of household plots.



Business plan

For an investor/developer, the key factor when deciding to implement a particular Project is its economic feasibility. The organization provides services for drawing up a business plan and developing a feasibility study for the project, including:

calculation of the required volume of investments

development of a construction schedule and development of investment funds

development of a forecast plan sales

drawing up forecast cash flow

calculation of key financial indicators for the project

Change of permitted type of use and approval of IRD

In accordance with the purpose of acquiring a land plot, registration and approval of the type of permitted use of the plot is carried out.

Obtaining a Resolution on changing the permitted type of use requires the preparation of initial permitting documents and approvals in the proper manner with official bodies and government structures.

Conducting geotechnical and environmental surveys A necessary condition for obtaining approvals under the Land Plot Distribution Act is to conduct a whole range of geotechnical and environmental surveys:

Geodetic works

Topographic survey

Geological surveys (geobase)

Radiation-ecological survey

Conducting an environmental impact assessment

The result of this stage is the preparation of a full package of permits and approvals necessary for conducting urban planning studies and obtaining permission for design and construction.

Urban planning study with obtaining appropriate approvals

The result of the stage is the approval of the location of the construction project in the urban planning plan of the district, approval of the zoning of the development area by the Urban Planning Council, receipt of a city justification, on the basis of which an architectural planning assignment for design (APZ) is issued.

As part of this stage, the Development Plan for the territory of the land plot is agreed upon and approved and permission for the target design is obtained.

Obtaining technical specifications for engineering communications

Obtaining technical specifications for communications, indicating the laying route and determining the types of necessary engineering equipment.

Coordination of the Development Project (General Plan) and the Master Network Plan

After receiving permission to design a construction project, we proceed to the architectural and engineering stage of the Project, i.e. we begin the development of the General Plan and the Master Network Plan, then go through the procedure for their approval and examination.

Receipt permits for construction work the result obtained is access to the construction site.

Development in architecture

Today, a house is no longer just a structure. Any one becomes a profitable investment, which is especially true for housing. But to increase the value of residential premises, a slightly different approach is required compared to conventional construction. Due to the need to respond to demands housing market and to adapt buildings as much as possible to the high standards of modern times with an eye on the future, the concept of real estate development arose.

Real estate development requires a special professional approach to the formation of the project itself. Therefore in process In project formation, development and construction, a significant role is played not so much by a marketer or lawyer, but by an architect.

The article discusses the basic concepts of the development process, its types, stages of development, as well as the main aspects of development analysis and the subsequent impact of projects on the urban environment.

The term "development" appeared in Russian Federation relatively recently, but is already actively used in almost all areas of science and creativity. In fact, development means development.


The variability of meanings and semantic shades of the term “development” allows it to be used in almost any field of science, giving it certain shades of meaning inherent only to this field of knowledge. In the context of construction, development means “the qualitative transformation of real estate, ensuring its increase cost", or "this is a special reaction real estate market to meet the needs that arise in society, the satisfaction of which is impossible without transforming the existing stock of real estate."

Development is a response of the real estate market to emerging needs in society, the satisfaction of which is impossible without transforming the existing stock of real estate. This transformation can take place in various forms, but its direction will always be set by changing social needs: housing will adapt to the new socio-economic situation, and search for the best options for using real estate from its point of view.

As a qualitative transformation of real estate, development is a unity of physical, economic and legal processes. Any development of a real estate property is associated with physical changes that ensure the appearance of new consumer qualities in the property that meet the changing needs of society. These changes can be dramatic (transformation of an undeveloped plot of land into a plot with a building), or may not be very noticeable externally, but they are always present, being a necessary sign of development.

In modern conditions, characterized by the dynamism of processes, an important characteristic of the physical potential of real estate objects is their ability to self-development, the transition from one type of use to another.

Development is a way to resolve the contradiction between the changing and growing needs of society for services provided using real estate, on the one hand, and the existing qualitative and quantitative characteristics of real estate, on the other.

There is also such a thing as redevelopment - reconstruction, repositioning of an existing object. This type of activity involves the creation of new objects on the basis of old ones that require modernization or reconstruction and receiving profit from this.

There are as many subtypes of development as there are types of real estate, i.e. There is development of land, housing, office space, industrial, commercial buildings, etc. Redevelopment is also subdivided into these categories.

There are two main types of development - fee (when developer does not bear financial risks for its work receives a fixed fee) and speculative ( developer invests his own funds in the project, builds the financial scheme of the project independently).

Fee development - development that implies work for hire, i.e. carrying out development work on an order in exchange for a certain fixed rate or from a future project. With the scheme under consideration investor hires a developer so that the latter, for example, builds a turnkey building on a selected plot of land and, possibly, fills it with tenants.

The choice of developer occurs, as a rule, through an auction. He usually does not participate in such a project with his own money. He only carries out design for the customer, the necessary approvals with the authorities, construction and delivery of space. For all the necessary work, he attracts specialists (architects, contractors, engineering companies, etc.), but responsibility for the entire project as a whole lies with the developer.

Speculative development - when a developer develops and implements a project for himself with its subsequent implementation in order to obtain maximum benefit.

The developer creates commercial real estate, acting as the sole organizer of the project. In essence, the developer performs all the same functions as during fee development, but in addition to this, he is also involved in constructing the financial scheme of the project. At the same time, the developer invests his own funds in the project, which are the core of the future financial scheme. The financial scheme of large development projects is usually a complex combination of the developer's own funds, attracted investments, bank loans and pre-lease payments from future tenants. With mixed financing, the developer has a share in the future real estate property.

Depending on what principles are of primary importance to the developer, development can be income-oriented or value-oriented.

Depending on the approach to dividing the project implementation process, development is distinguished into different stages of stages:

1. 33 stages (development, contract, execution).

2. 33 stages with subphases (project concept + subphases, contract stage, project implementation + subphases).

3. 43 stages (development concept, planning, implementation, completion of the project).

4. 43 stages with phase variations (preliminary stage, design and construction work, construction, commissioning work).

Development can be divided into the following stages of development:

pre-project stage

market analysis real estate;

— selection of real estate;

— formation of the project strategy;

— investment analysis;

— preparation of initial permitting documentation;

— attraction of credit and investment funds.

design stage

— development of a financial scheme, financing;

— formation of an architectural and engineering group;

— engaging for consultation a broker who will sell the space;

— design management;

— carrying out competition for construction work.

construction stage

— coordination of construction work;

control quality of construction and estimated costs.

implementation stage

— market analysis, sales of space;

control for the operation of the building and the operation of engineering systems after completion of construction.

The architect, as a specialist, is involved in the development process at the first three stages: during concept development and preliminary consideration of the project, location assessment, feasibility study of the project and the design itself. In any case, the role of the architect as a specialist is very important during the formation of the project, during its development and completion.

Much attention is paid to the pre-investment phase of a development project. If in the case of classical project management the customer usually has at his disposal a project concept or at least a vision of what he wants to implement (a residential building, an office building, an industrial building), then in the case of a development project in the broad sense the customer most often expects from the developer proposals - which project to implement in order to maximize future Arrived and minimize costs. That is why a review of the real estate market, selection of an object, and in a broad sense, a project, is a significant stage.

The choice of location is one of the key moments in the development of a development project. However, despite the complexity of the task, selecting a site for speculative development is much simpler than for a developer constructing a building for a specific company.

A SWOT analysis is also carried out, which assesses the characteristics of the project from its strengths and weaknesses in comparison with the opportunities and dangers that the market brings (S - strength, "strengths"; W - weakness, "weaknesses"; O - opportunities, " opportunities"; T - threats, "dangers".).

IN Russian Federation development has begun to develop in recent years after the emergence of customers who pay attention not only to quantitative indicators, but also to the quality of the projects being implemented.

After all, while the real estate market is not saturated, but high, everyone buys, without paying much attention to the quality of the project and its conceptuality. However, active construction of commercial real estate, primarily retail, can radically change this situation.

The classical Ukrainian development scheme, as a rule, differs from the classical Western scheme. The Western scheme is based on the idea of ​​​​creating one or another type of real estate, which arose as a result of marketing research. The basis of the domestic development scheme is the presence of a land plot for which an idea, a project concept, is developed, and taking into account all the shortcomings of the land plot, a commercial real estate object arises that will be most effective in a given location.

In general, the concept of “development” is practically unknown in LIC countries. However, the pace of development of real estate and the degree of “Europeanization” of modern society allows us to predict the widespread use of this term. The active participation of foreign organizations in design and construction activities is also obvious.

Urban planning actually does not change its meaning so radically, however, the principles of forming spaces and the requirements for them are increasing. In general, this area of ​​science is also undergoing changes due to the active participation of foreign designers and ideologists.

The role of developers as multidisciplinary specialists is rapidly growing due to the expansion of market boundaries and increasing requirements for real estate. Redevelopment—comprehensive reconstruction of structures—is also gaining great importance.

The territorial aspect of the influence of development is that the development of real estate leads to a qualitative change not only in the real estate objects themselves, but also in their surroundings. In this case, the real estate development option must be the best possible. Only in this case, the positive impact of development on the development of surrounding areas is maximum and contributes to the maximum increase in their value.

The impact of development on the environment can be both local (at the micro level) and have regional and even national significance when it comes to large-scale projects.

Sources

postscriptum.com.ua/ PostScriptum

budzem.com.ua Land portal of Ukraine

ru.wikipedia.org/wiki/ Wikipedia - the free encyclopedia


Investor Encyclopedia. 2013 .

See what “Development” is in other dictionaries:

    Development- (also real estate development; from the English real estate development “improvement, growth of real estate”) is any business activity related to the reconstruction or change of an existing building or land plot ... Wikipedia

    Development- (development) 1) the process of developing and improving a piece of land (for example, its development with residential complexes); 2) an area of ​​activity whose participants (developers) are engaged in the development of real estate projects, choosing a development site and attracting... ... Economic and mathematical dictionary

    development- 1. The process of developing and improving a piece of land (for example, its development with residential complexes). 2. An area of ​​activity in which participants (developers) are engaged in the development of real estate projects, choosing a development site and attracting investments. Meaning… … Technical Translator's Guide

    DEVELOPMENT- Such material transformations in a real estate object that ensure its transformation into another, new object with a value greater than the cost of the original object Dictionary of business terms. Akademik.ru. 2001... Dictionary of business terms

    Development-South- SIC Development South LLC Type LLC Year founded 1995 Location ... Wikipedia

    Development- - a type of entrepreneurial activity in the real estate sector, the purpose of which is to generate income (profit) through the creation of objects that satisfy the needs of acquirers (buyers, tenants) to the maximum extent possible... ... Glossary of terms on expertise and real estate management

    Development- implementation of transformations of a real estate object, which ensure its transformation into another, new object with a value greater than the value of the original object. The material transformations performed in this case... ... Explanatory dictionary “Innovation activities”. Terms of innovation management and related fields

Hello, dear readers of the blog site. Development is a term that came into Russian from English (from development). In direct translation this word means development.

If we approach the consideration from the practical side, then this term refers purely to the world of real estate.

Development is a commercial activity related to the construction of new buildings, restoration and old ones.

The specific goal of the developer (the person who does this, i.e. a real estate specialist) is to make a profit.

What is the difference between a developer and a builder?

First of all, let's look at the name itself. Although the word developer sounds respectable, it is hopelessly outdated. In addition, not only those who directly invest money in construction call themselves developers, but also those who develop the project.

Accordingly, they distinguish several types of development:


That is, the Fee developer develops the project himself, just like a speculative one, but at the same time remains an employee, like BTS.

Interesting: Individually described species are rare. The most popular variety is a mixture of speculative and BTS development, when it entrusts the development of a project to a third-party company, but at the same time makes personal adjustments.

Development process as an example

The theory can take an endless amount of time to understand, so let’s look at how exactly the development of a commercial real estate project, called development, takes place.

Stage 1. Assessing financial feasibility

The main goal of development is to make a profit. Therefore, the first thing to evaluate is the financial side. In reality it looks like this:

The information is provided as an example and is greatly simplified.

  1. Analysis of the area and potential clients
    The same businessman specifically decided to build a shopping center in a city with a population of one million. The first thing he looks at is the area. To build real estate you need a lot of space, so special attention is paid to abandoned factories, farmsteads and non-residential premises, which can be purchased from the state at a bargain price.

    In addition, in parallel with searching for a place, the investor contacts friends and studies the demand for retail space. Let's say he called seven friends, two of whom are interested in opening locations in a new shopping center.

    The collected information about the availability (or absence) of space for construction and the interest of future clients is enough to make a decision on the feasibility of construction.

Stage 2. Design

The collected information about investors was enough. The land has been purchased. It's time to create a specific project. For this purpose the following specialists are involved:

  1. Builders
    At the initial stage, engineers collect data on the area and draw up lists of required materials and equipment. The investor purchases materials for the foundation and rents equipment.
  2. Economists
    Economists analyze people's behavior and, accordingly, count money. At the pre-construction stage, an assessment of the city’s population is carried out, and preliminary conclusions are drawn about which goods will be more profitable to sell. Moreover, economists calculate the optimal amount of investment.
  3. Designers
    Everything is simple here: designers make sketches of what the center will look like. Most often they come from the same construction company as the builders themselves.

Stage 3. Financing

In short, financing is exactly what comes to mind first. The uncle gives money and with this money an object is built. If you delve a little deeper, the managers and financial department negotiate with everyone else and transfer money to them as construction progresses.

By the way, there are several common misconceptions, so let’s look at what NOT to do when financing:

  1. They don't hand over money
    Investors have always kept a close eye on their finances. Now it has become especially easy to do this. The process of buying, say, a steel plate looks like this: a foreman calls a steel mill, they ship the plate to him and give him an invoice, he goes with the invoice to the accounting department, and from there the accountant (usually the investor’s trusted representative) transfers the money. The possibilities of fraud are reduced to a minimum.
  2. They do not create a unified financial apparatus
    The opportunity to “warm up the hands” of minor officials still remains, since up to several thousand people are involved in the construction of the same shopping center. Therefore, in the accounting department, the calculation is recorded not as “Ivanov’s salary, Petrov’s salary, Sidorov’s salary,” but as “builders’ salary for August.” Let’s assume that 50 people build a foundation pit for 2 months and receive 15,000 rubles a month for this. The total salary is 1,500,000 rubles. She is transferred to a low-ranking accounting department that distributes the money. The number of these compartments varies depending on the scale.

Stage 4. Construction

Construction consists of two substages:


Stage 5. Commissioning

Already at the basic construction stage, the developer signs long-term contracts with major brands. Smaller businessmen who want to occupy a place in the shopping center contact brokers and also establish agreements.

Usually of two types:

  1. Rent
    Lease can be long-term or short-term. The longer the rental period, the less money it will cost each month.
  2. Purchase
    Most often, retail space is leased, but if an investor offers a decent amount, a complete sale of the retail space is possible.

Stage 6: Operation and Management

Even after the full launch of the facility, the developer continues to control his property, look for new partners, contact brokers, pay salaries, etc. This activity also refers to the concept of development.

Interesting: laws in the field of development are not formulated precisely enough, which leads to constant financial fraud.

By the way, there are many nuances in the work of each specialist that only the developer himself knows about. What this is cannot be explained in simple words, but if you say it as clearly as possible, then:

Every developer must be able to quickly assess risks and change the course of development.

Let's sum it up

As you can see, there is quite a lot in common between the concepts of development and construction. Let’s go over the basic facts again in order to remember for a long time what exactly this term means:

  1. Development is a real estate business whose main goal is to make a profit.
  2. A developer is a specialist in commercial real estate. It is important not to confuse a developer with an investor, since the developer can be an employee.
  3. There are three types of development: with own funds, with partial attraction of investments and only with investors’ funds.
  4. In classical economics, there are six stages of development: analysis of opportunities and purchase of land, project development, project financing, construction of the facility, post-operation maintenance.
  5. To engage in development, you must have a large start-up capital or specialized education.

This is where the short story about development ends. To obtain more detailed information, it is worth talking with entrepreneurs and builders.

By the way, watching the video will allow you to understand the meaning of the process even better:

Good luck to you! See you soon on the pages of the blog site

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The English word development means development, improvement. This concept has a broad meaning. The term is most often used in application to construction.

Development - what is it?, in simple terms, and what does development and improvement have to do with the construction industry?

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What is development in construction

In the construction industry, this term refers to activities aimed at creating, reconstructing or changing a construction project in order to increase its value . As a rule, companies engage in this type of business. Entrepreneurs working in this type of business are called developers. This type of work is carried out by both individuals and offices.

There are several types of activities in this area. Most often, these are investors who invest in construction projects with the expectation of receiving a certain profit from the sale.

Attention!In plain language,a developer is a builder.

The emergence of development in Russia

The development and reconstruction of construction projects came from the USSR. In those days there was no concept of investor or developer.

The developer carried out not only direct construction and restoration activities, but also searched for finance to pay for the work.

Today, such functions have been preserved, but new terms have appeared, the range of services provided by companies has expanded, and the quality of service has significantly improved.

Information about development companies appeared in the press.Who are developers and what do they do in Russia??

There are federal and local companies in the regions that cooperate with various developers. Federal companies have offices in the capital and are subject to instructions from the central office. Locals do not have representative offices in Moscow. Management is carried out at the regional level. What unites them is their field of activity - the provision of services in the construction industry and real estate.

What does a development company do?

provided by companies implementing real estate projects.

In the construction field, a project is the reconstruction or construction of an object.

Companies are engaged in a full cycle of work, from analysis of the idea to delivery of the object to the customer in finished form.

Companies can do more than just construction and restoration. Sometimes renovations are done to increase the cost. This type of work is called renovation.

All the nuances of cooperation are stipulated in the agreement concluded by both parties. It indicates the timing, cost, and list of works. Depending on the complexity of the project, the price for the company’s services can reach 10% of the cost of the object.

Actually concept of developmentin construction it means management, management of the facility. This is considered to be one of the most profitable types of business in the world. In Russia it is developing rapidly and is one of the most promising.

Stages of development

The process of working with a project consists of several stages:

  1. Development of the idea and preliminary analysis of the project.
  2. Search for a site.
  3. Creating a project and estimating its cost.
  4. Finding a performer and concluding a formal agreement.
  5. Project implementation and management.

Experts distinguish two types of activities: depending on financial management and on the type of object.Each of them is divided into several classes.

Types of development

Depending on the type of propertydevelopment in constructiondivided into work in the field:


  • residential industry;
  • commercial;
  • suburban real estate;
  • land and land plots.

When working with residential and commercial real estate, all stages in the field of the corresponding type of construction are developed step by step. The finished object is handed over to the customer.

Forh land plots and landproject development isdevelopment of dividing large objects into smaller ones.All stages are completed, including legal and technical issues. The work is carried out according to the specific requirements of the client. The contract specifies all the details of interest to the customer:

  • capacities that are planned to be located at the facility;
  • entry and exit to the nearest highways;
  • volume of construction work.

Experts also call office, hotel, retail, warehouse and industrial types. They can be classified as commercial class. These are promising directions in this field of activity.

Classes into which real estate is divided

There is a classificationreal estate developmentaccording to various indicators:

  • by purpose of ownership (for residence, business, investment);
  • level of readiness for operation (unfinished construction, commissioned facility, major repairs or reconstruction required);
  • reproducibility in kind (reproducible objects - houses and plantings, non-reproducible objects - land and subsoil).

Professionals divide the reproduced real estate as economy, elite, business class.

Economy class


The most popular among various types of residentialtype of development. Its characteristic features are:

  1. Relatively low cost.
  2. The location is far from the city center.
  3. Construction work was carried out using inexpensive materials to reduce costs.
  4. Parking spaces and social infrastructure are not always provided.

Attention!Despite the fact that this type is considered economy class, this does not mean that the housing is built of poor quality.

There is a lot of competition in the modern construction industry. Companies do everything to attract the maximum number of customers. Therefore, special attention is paid to quality. Control over the process is carried out at all stages. Economy class housing meets the standards accepted in Russia, is durable and comfortable. Sanitary standards are met.

Elite

This class means the best. An elite apartment or house is a building with the best qualities.Development marketis just being formed. There is no consensus among experts about what kind of housing is considered elite, or by what criteria this concept is determined. Taking advantage of the situation, some realtors are passing off cheap properties as luxury ones, and accordingly charging higher fees for them.

Conventionally, eliteness is determined by a combination of several data:


  • location of the object in a unique place;
  • original appearance;
  • new technologies were used during construction;
  • high quality standards were maintained during construction;
  • communications are provided - garage, supermarkets, roads, social facilities.

Among the luxury housing are called penthouses. This is housing on top of the building. Often this is a residential building on the roof with all communications.

Development companiesThis class is divided into subclasses, the names of which speak for themselves - premium, exclusive, comfort.

Business

This category includes all real estate that is non-residential. These are offices, warehouses, shops, enterprises. Everything related to making a profit from the operation of buildings. In this case, income is received from:

  • renting out the property;
  • use as premises for a factory, factory, or other productive activity;
  • sales.

Business class also includes land and plots of land. In this case, income is obtained from the rental and sale of plots.

Types of development depending on financial management

In relation to finance, development is divided into two main ones:

  • fee development ;
  • speculative.

The first type is a performer who does not have financial responsibility, but is responsible only for execution. For the amount of work completed, he receives a monetary reward. Most often this is the construction of a turnkey project. Increasingly, contractors are found through tenders. They determine who is ready to complete the task with acceptable quality for the most profitable remuneration for the customer.

The second type is divided into two categories:

  1. The developer is the initiator and takes responsibility for the success of the project. He is looking for designers, finance, builders. He doesn’t invest his own money in the project, so he doesn’t take risks. Coordinates all issues with the authorities. He takes a fee for his work. The amount depends on many factors.
  2. The developer is the financier of the project. It belongs entirely to him. All risks fall on his shoulders. On the other hand, he manages the property and can rent it out or sell it.

The company can engage not only in construction activities, but also in legal, appraisal, and research work.

If you figure it out,what does development mean in simple words?, then you can safely participate in new projects and contact companies offering their services. Despite the fact that the term is new and not entirely clear, this type of activity has been carried out for a long time, albeit under a different name.