27th International exhibition of security and fire protection equipment and products
24 - 26 October 2018 • EXPOFORUM, St. Petersburg, Russia

Prospects of the St Petersburg building market for the security industry amidst the crisis

News
Experts in the building market confirm that the crisis has not affected the property market in St Petersburg. Despite the devaluation of the rouble and the fall in the country’s economy, demand for property has remained stable; all central and suburban regions of the city are actively developing and the amount of offers is growing steadily.

Mikhail Demidenko, Chair of the St Petersburg Committee for Construction, speaking at the 12th Development of the Building Sector in St Petersburg and the Leningrad Region conference, noted, “Today, the building sector is balanced and developing at a good rate. At the moment, around 50 agreements for building social facilities have been signed with contractors, this amounts to twice the Committee for Construction’s annual budget. In 2015, investors are funding two new schools with 1,800 places and 9 kindergartens with 1,355 places.”

The largest project is the Yasno Yanino housing complex, expected to be completed in 2020. The complex will include 41 eight-floor buildings with 8,100 apartments, three kindergartens and schools. UNISTO Petrostal plans to introduce 15 eight-floor buildings with high-class amenities by mid-2017.
With each year, buyers are demanding more and more from properties, therefore the planners of these housing projects have considered the trends and are providing infrastructure such as kindergartens, schools, and shops to ensure the buildings have modern infrastructure and security systems.
St Petersburg has become one of the top five leaders in housing construction and has impressive commercial real estate prospects. The construction of shopping and leisure centres in St Petersburg are highly marginal areas of development of commercial real estate. Among major commercial real estate building projects is the Pulkovo Outlet Village. The project is a low-rise extended building in a village style to include shops, cafés and restaurants.

Another project is the Okhta Mall shopping centre. It is part of the major multi-functional Septem City complex, which will cover 400,000 sqm and will be completed between 2015-17.

The Ulmart Retail Park, a logistics centre for the retailer Ulmart, is planned to be completed by 2017.  
Other Level 4 logistics centres (100,000 sqm) with new formats are being planned, one of which is to be in St Petersburg.

This is by no means the full list of all the construction projects, which in turn offer great prospects for the security industry. Amidst economic instability and increasing costs, planning and construction companies are interested in finding new economic solutions for security with up-to-date, improved products at optimal costs.

Every year, developers and suppliers of these solutions get the opportunity to present their innovations at the international Sfitex / Securika security exhibition, which takes place in St Petersburg in the autumn. The exhibition is an effective platform for presenting and promoting security equipment and increasing sales in the North-West region of Russia. A large number of construction companies and planning organisations visit the exhibition. Exhibitors at Sfitex / Securika are interested in working in this market and establishing contact with potential clients among specialists in the region.