Yekaterinburg developers deprived industrialists of land.

Yekaterinburg developers deprived industrialists of land.

      The Deputy Minister of Economy, Investments, and Territorial Development of the region, Mikhail Vasilyev, during the round table "New Outline of Industrial Territories of the Sverdlovsk Region: Investments and Partnership," stated that investors lack land in Yekaterinburg for the placement of industrial sites, as potential plots are already built up with housing.

      According to him, there is a high interest among investors in acquiring suitable plots with infrastructure. By comparison, 44% of investments are allocated for the purchase of machinery and equipment for enterprises, while 40% is for acquiring land for facilities.

      — "When it comes to suitable sites that are equipped with the necessary resources, their number decreases sharply. The problem is particularly pronounced in Yekaterinburg. The city has undergone, so to speak, deindustrialization—many industrial zones are being overgrown with residential complexes, and there are not many sites left for placing production capacities," Vasilyev is quoted by the EAN publication.

      And those plots that are offered around the perimeter of the city already cost as much as land for suburban real estate—about 40 million rubles per hectare. Earlier, analysts announced the end of the era of new construction in Yekaterinburg.

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Yekaterinburg developers deprived industrialists of land.

The Deputy Minister of Economy, Investments, and Territorial Development of the region, Mikhail Vasilyev, during the round table "New Outline of Industrial Territories of the Sverdlovsk Region: Investments and Partnership," stated that investors lack land in Yekaterinburg for placing industrial sites, as potential plots are already built up with housing.