In an era of high oil prices and rapidly rising in price of real estate money flowed to the river to developers. In autumn 2008 the story was over. It is best to have survived the crisis big companies with access to government contracts. Owners of DSC-1, SU-155, a group of LSR or, for example, the company “Inteko” keep your business. Owners of Capital Group and head of Mirax Group Sergei Polonsky, parted with some of the real estate, but the company maintained. But the four companies whose owners were forced to give up control over the business.

Sistema Hals

Revenue in 2007 – $ 452.2 million revenue in 2009 – $ 64 million

Two unfinished towers on Leningrad Prospekt (Moscow)

Before the crisis:

The owner of the company was AFK “Sistema” Vladimir Yevtushenko. The most famous sites – two unfinished towers on Leningrad Prospekt (Moscow), headquartered AFK “System” on Moss Street, cottage settlement “Gorki-8.”

After the crisis:

From the sale of apartments in the company last year received just over $ 24 million, the rest – the sale of land and development projects. Last year the company completed a loss of $ 555.4 million in April 2009, VTB acquired a controlling stake in the developer for a symbolic 60 rubles in exchange for debt restructuring of $ 700 million

PIK Group

Revenue in 2007 – $ 2.7 billion in revenue in 2009 – $ 1.3 billion

Flats economy class Kerimov

Before the crisis:

The company specializes in large-scale construction of housing economy class. PIC has built more than 1 million square feet. m per year. Controlling shareholders are the founders Kirill Pisarev and Yuri Zhukov.

After the crisis:

In April 2009 the debt peak reaches 44 billion rubles, and surpassed the annual revenue loss for the year – $ 360 million, billionaire Suleiman Kerimov has received from the founders of the PIC a 25% stake in exchange for assistance in restructuring of debt owed to banks (the largest creditor – the Savings Bank). Now the share structure of PIK Karimov, according to various estimates, from 35% to 45%, it became the largest shareholder.

DON-Story

Revenue in 2007 – $ 1.3 billion in revenue in 2009 – N / A *.

(* According to “SPARK-Interfax” – $ 10.5 million in 2008)

Company DON-Story is cut two major lender VTB and Sberbank

Before the crisis:

Strong position in the company of Maxim Blazhko and Dmitry Zelenova someone connected with the patronage of Deputy Mayor Vladimir Resin, someone – that is one of its owners in 1990 was listed wife of another officer of the Moscow construction of Alexander Matrosov. Under their residential complex “Scarlet sails”, “Sparrow Hills”, “New Ostozhenka”, “Izmailovo” “DON-Story” received the best areas.

After the crisis:

Residential real estate business class in the crisis was the worst selling, sales rose in residential complexes. Because of the reduction in revenue the company lost the opportunity to service debt. The company’s assets divided among its largest lenders – Sberbank and VTB.

Russian Land

value of the portfolio in 2007 – $ 10 billion cost of the portfolio now – estimated $ 124 million

The crisis destroyed all prospects of Shalva Chigirinsky

Before the crisis:

Shalva Chigirinsky company owned rights to the building site at the site was demolished hotel “Russia” in front of the Kremlin, under the section of the highest skyscraper in Europe, “Moscow City” development rights of the island “New Holland” in St. Petersburg, and dozens of major projects.

After the crisis:

Banks willing to lend a businessman, but a crisis of access to money was gone. Moscow authorities have taken away the right to build on the site of “Russia”, and the government of St. Petersburg – the “New Holland”, instead of a skyscraper in the “City” city officials now promise to parking. The authorities in Moscow, the structure of the Chechen businessman Ruslan Baisarov and holding “Adamant” Igor Leytis received for the debts of the hotel “Soviet” and 160 hectares of land in the Klin district.