VTB Bank North-West Regional Center has opened a RUB 500 million revolving facility for OOO KVS-Primorsky, maturing in 5 years.
The company will channel the funds to finance a part of expenditures on the construction of comfort class residential complex GUSI-Lebedi in Primorsky District of St. Petersburg.
The residential complex, which comprises four apartment blocks, an outside parking lot and a multistory parking, will be completed by 2015. The concept of the project is to provide enhanced quality of affordable housing with fine finish, built under a unique designer project.
The project also contemplates construction of a sports and recreational center with pools for children and adults in the vicinity of the residential complex.
OOO KVS construction company was founded in 19 May 2003 in St. Petersburg. KVS holding units carry out the full construction cycle, from engineering design to turnkey installations. The company builds residential houses, social facilities, commercial and administrative real estate.
KVS is licensed to act as technical supervisor, construction manager, general contractor and has permission to carry out engineering design. The company carries out comprehensive development of territories for the benefit of its customers.
By mid-2010, total construction area completed by KVS exceeded 370,000 sq.m. Today, the company’s largest customer is the St. Petersburg Construction Committee. Government commissions account for over 70% of the company’s portfolio.