A new public space with a park to be completed in Sochi in June
A new public space will be created in the coastal cluster of Sochi this June. In addition to the landscape park, it will include a pedestrian alley and social and corporate facilities with a total area of over 5 hectares. Next to the park there is an alley with two creative and leisure centers, a multidisciplinary public clinic and a convention center as part of the deluxe MANTERA Seaview residence project.
A new tourist area with a park, an alley and a medical center to appear in Sochi
In June 2024, the construction of a new large-scale public space of more than 5 hectares with a park, an alley and a medical center will be completed in Sochi; it will be available to more than 3 million people during the holiday season. The project was implemented by the resort real estate developer FIVE in the Sirius Federal Territory. The new recreation area includes a panoramic landscaped park with creative zoning, sports and children's playgrounds, jungle, Japanese and formal gardens, amphitheaters, recreation areas and swings with panoramic views of the Black Sea. The park has 11 km of bike paths, jogging paths and a yoga area.
For the first time in Russia, the marine ecosystem recreated on the coast using a unique engineering solution
Thanks to the use of unique technology parameters for laying utility lines, the marine ecosystem has been recreated on the coast for the first time in Russia. The pilot project was implemented in Sochi as part of the construction of the MANTERA Seaview residence complex. This solution eliminates the negative impact on the environment, the resort infrastructure and the city traffic, reducing the time required to complete the work by more than 2 times.
A marine ecosystem recreated on land in Russia using an engineering solution
The technology has been implemented in MATERA Seaview residence, a premium residential project, by FIVE, a resort real estate developer. “In the future, such an approach to recreating the marine ecosystem on the coast can stimulate resort development by reducing the facility construction time and speeding up their commissioning,” notes Alexander Saurin, CEO of FIVE, a property development company.
In Sochi, for the first time in Russia, a marine ecosystem on the coast was recreated
A pilot project for Russia has been implemented in Sochi during the construction of the Mantera Seaview residence complex (part of the Mantera Group) to recreate the marine ecosystem on the coast in Sochi. As the company's PR service reported, the work was carried out using unique utility line laying technology parameters when creating the internal infrastructure of the residential complex.
New record for resort real estate cost set in Russia
In March 2024, a new record for the average resort real estate cost per square meter was set in Russia - 3.7 million rubles. The press service of the NF Group company reported this to Stroygazeta, specifying that this price per square meter was recorded in MANTERA Seaview residence, an elite residential complex (RC), in Sochi.
Cost of serviced apartments in Sochi to continue to grow
The serviced apartment market in Sochi has not exhausted its potential for price growth. The return on investment will remain higher than in housing. At the same time, supply currently covers 30-35% of demand. Elena Kabesheva, commercial director of the resort real estate developer FIVE, told RBC Krasnodar about this.
MANTERA Seaview residence complex about to open in Sirius
The deluxe-class MANTERA Seaview residence complex, located on the Imeretinskaya seafront (Sirius Federal Territory), is about to open. Recently, the FIVE property developer has decorated two buildings housing private branded residences with designer banners depicting the project’s muse floating in the air and views of the complex after its commissioning. In addition, the “With new discoveries” phrase on the banners was decorated with designer lighting. The creative design was implemented in connection with the imminent opening of the project - already in 2024.
The elite MANTERA Seaview residence complex is preparing to open. There are more than twenty facilities for everyday life and recreation, including spas, restaurants, a five-star hotel and, of course, luxury residences. The project received 15 awards at the international and federal level. More in the VGTRK story.
Why Sochi became one of the most expensive cities in the world
Sochi has changed its status from an all-Russian health resort to one of the most expensive cities in the world. Prices for new luxury residences in Sochi exceed the cost of similar offers in traditional Deluxe class locations - in European Nice and American Los Angeles - but are still far from average prices in Monaco. RBC talks about the reasons for the popularity of the Russian resort with Elena Kabesheva, commercial director of FIVE, which is a leading federal property developer involved in the construction of resort real estate in Russia.
Russians' interest in real estate in foreign resorts fell 2.3 times
At the same time, resort real estate in Russia retains its attractiveness. Residents of Russia searched housing in Dubai, Turkey, Thailand, Egypt and the Maldives in 2023 295,834 times in the Yandex search engine. In 2022, there were 681,500 requests in the same areas, according to a study by Five, a property development company, which Vedomosti reviewed.
What kind of housing will millennials, zoomers and alphas choose?
The future belongs to the sharing economy, experts say. New generations are moving away from ownership for mobility and flexibility. What real estate will be in demand in the future? To answer this question, analysts from FIVE, a resort real estate developer, studied the preferences of several generations of Russians: millennials (Y), zoomers (Z) and alphas (A).
Luxury on loan: Top 5 recommendations for a profitable mortgage
Buyers of premium real estate are increasingly resorting to mortgages. If earlier no more than 20% of premium class housing or luxury apartments were purchased on credit, then in 2023 the share of such transactions reached 44-52% in the markets of Moscow, St. Petersburg and Sochi. Elena Kabesheva, commercial director of the resort real estate developer FIVE, tells about the advantages of using credit funds in transactions with a large budget and how to properly arrange a mortgage.
Which real estate is popular in Sochi and which segment is still undervalued there?
10 years ago Sochi was an ordinary seasonal resort. Tourists were forced to rent any suitable room at fabulous prices, and most of them went on vacation without any reservation. It got to that even garages converted into apartments were rented out. The number of rooms in the city was sorely lacking, the construction was often carried out spontaneously, on any vacant piece of land. The main thing was to make money on the large tourist flow in the summer, since no infrastructure was provided for off-season recreation in the city.
Elena Kabesheva, the commercial director of developer FIVE, tells about how Sochi has turned into a first-class resort of international level, erasing the usual boundaries of seasonality, and how it can surprise a discerning tourist.
Elena Kabesheva, Commercial Director of the developer FIVE, debunks the myth that wealthy people rarely rent real estate, and also explains why preference is given to serviced apartments. According to FIVE analysts, 90% of the residents of the MATERA Seaview residence project, in addition to their own properties, have apartments for rent in various locations. There can be many reasons to choose renting over buying.
Demand for premium resort real estate in Sochi increases in Russia
At the end of 2023, the demand for resort real estate in the premium segment in Sochi was three times higher than in 2020. During this period, the increase in transactions was 169%, while in just the 11 months of the current year the sales volume increased by 94%, exceeding the figures for 2020-2022. This is stated in a study by FIVE, a major resort property developer.
Why serviced apartments facilities in resort towns are more comprehensive
The past year has continued the trend: domestic tourism is gaining more and more weight, which entails a chain of changes in logistics, marketing and promotion. But in order for people to proactively explore tourist-attractive destinations, accommodation facilities of different classes and levels are needed. The commercial director of the developer FIVE, Elena Kabesheva, told Stroygazeta how to create them and what facilities to fill them with.
GREEN PROPERTY AWARD 2023 ESG AGENDA TREND SETTER IN RUSSIA
On 9 November, the Radisson Blu Belorusskaya Hotel hosted a ceremony recognizing the winners of the Green Property Awards, independent awards in the field of sustainable development. FIVE, a property development company, was among the winners.
INVESTMENTS GO TO THE RESORT. WHAT FACTORS CONTRIBUTE TO SUCCESSFUL REAL ESTATE INVESTMENTS?
Resort apartments today are the most attractive segment of real estate investment. The demand for purchases is growing steadily, but there is not enough supply. Experts estimate their possible profitability at 9-15% per annum. But the process of choosing the property must be approached carefully, reminds Elena Kabesheva, commercial director of FIVE, a property development company, revealing some investment secrets to WORLD OF APARTMENTS.
WELLNESS THE ASIAN WAY: HOW ORIENTAL RESORTS ENRICHED EUROPEAN TRADITIONS
The word “wellness” is English and, according to the Oxford dictionary, became widespread in the middle of the 17th century. Maybe that's why many people believe that wellness trends originate in the West. However, in the East, health practices are both ancient and more diverse. Elena Kabesheva, commercial director of FIVE, a property development company, told Stroygazeta about this in more detail.
Corporate demand for serviced apartments with a wellness component growing worldwide
Business tourism has recovered from the pandemic and is growing at an accelerated pace, partly due to demand deferred for two years. At the same time, the duration of business trips is increasing, and the requirements for accommodation of managers and employees are changing. Elena Kabesheva, commercial director of FIVE, a property development company, tells us how.
TO INVEST OR TO WAIT: WHAT WILL HAPPEN TO PRICES AND DEMAND FOR SOUTH REAL ESTATE
Demand for real estate in the Krasnodar Region will continue to grow steadily. At the same time, it will shift towards apartments on the coast and complex development in Krasnodar. One should not expect a decrease in the cost of facilities, experts say. Elena Kabesheva, commercial director of FIVE, spoke about the rethinking of the format of investment housing on the Sochi market.
ELENA KABESHEVA: "THE FORMULA FOR AN IDEAL SEAFRONT IS DEVELOPED USING SOCIOLOGY"
It is no secret that every housing project that claims to be unique must enhance comfort and well-being in the area and of its residents. The state obliges property developers to create social facilities; they themselves do not bring direct benefits to property developers. But how can we make the social component work both for the city community and for the capitalization of the project? Especially when it comes to such an unusual area as the city seafront. We talked about this problem with Elena Kabesheva, commercial director of FIVE, a resort real estate developer.
How to make the social component work both for the city community and for the capitalization of a development project in the resort area, shares Elena Kabesheva, commercial director of FIVE, a resort real estate developer.
Expensive supply displaces affordable supply in the coastal cluster of Sochi
The share of expensive supply in the market of new buildings is growing in the coastal cluster of Sochi, according to the research of resort real estate developer FIVE. According to the company, this is confirmed by the dynamics of primary supply distribution depending on the year of commissioning.
why investing in Russian real estate is more profitable than investing in foreign real estate
In creating high-yield formats in the real estate market, Russia is not only keeping pace with Europe, but is also ahead of it by some indicators. Today, the domestic real estate market can offer the most profitable asset class with an almost perfect combination of a long-term savings strategy, high current yield and the most modern consumer characteristics. Elena Kabesheva, Commercial Director of FIVE, told in her author's column in Izvestia where complexes of this class began to appear, what segment is actively beginning to form in Russia and what model of real estate management is relevant now.
According to the Online Market Intelligence survey, only 8% of Russians know what ESG and sustainable development are and can explain at least one of these terms. FIVE, as a leading developer of resort real estate, strictly adheres to the principles of "green building". Recently, in an article for HomeHunter, Elena Kabesheva, Commercial Director of FIVE resort real estate developer, talked about why it is important to create a higher environmental standard of construction in the industry.
why it is important to create a higher ecological standard of construction
Eco Luxury is a new class of high-budget real estate that includes the advantages of living in nature: clean air and water, high level of greenery, sports grounds. Demand for it is growing: over the past few years, people have become more active in taking care of their mental and physical health and their families. Clients have new requirements, including a request for ecological friendliness of the object, resource-saving technologies, efficient use of space. The majority of developers are already taking a responsible approach to construction, preserving the natural landscape as much as possible, reducing the impact on the environment, and improving the territory. In her new column for HomeHunter, Elena Kabesheva, Commercial Director of resort real estate developer FIVE, explains why it is important to create a higher ecological standard of construction in the industry and what the government can do to help.
why demand for trophy resort real estate will grow and how to choose it
Trophy real estate is a unique investment object. On the one hand, it is a luxury item that does not lose its value over time, but, on the contrary, grows in value; on the other hand, it is a place to live with a higher level of comfort, exclusive architecture and views. Elena Kabesheva, Commercial Director of the development company FIVE, told Stroigazeta about where in Russia the most trophy real estate is located, what prospects it has in resorts and why it will always be a profitable investment.
Our team found an interesting material, which appeared in the newspaper "Sochinskaya Pravda" № 60 of March 14, 1936 on the outcome of the city conference of architects. Many of the requirements are still relevant today. A proposal was made to have closed loggias instead of open balconies, which would make it possible to "ensure a more moderate temperature in the rooms in the summertime". Elena Kabesheva, commercial director of the development company FIVE, told how to build a quality resort complex in the subtropics in her expert column for the portal "Real Estate Market Indicators".
26 June 2023
HOW TO “SET UP” A SERVICE APARTMENT HOTEL PROJECT PROPERLY TAKING INTO ACCOUNT THE CLIMATE
Subtropical summer is a fairy tale with some peculiarities. Daytime heat, active sun, short twilight, sultry nights, sudden showers and storms can both enliven and ruin a northerner's vacation. Elena Kabesheva, Commercial Director of FIVE, a property developer, talks about how to take into account all the features of the southern season in an elite real estate project.
They knew the right horse to bet on – housing in Sochi to rise in price up to 20% this year
“Prices for new housing in Sochi in 2023 will increase by an average of 15-20%,” Elena Kabesheva, commercial director of Five, a resort real estate developer, told Izvestia. The increase in cost is influenced by such factors as the shortage of free land, the rise in the cost of materials and utilities, and so on. Demand for domestic tourism is growing and this stimulates the market to raise housing prices.
Present and future of luxury real estate in Russia. Challenges and prospects
Luxury housing has been built more often by companies that traditionally specialize in it, as well as property developers from other segments. Elena Kabesheva, commercial director of Five, a resort real estate developer, told SBER Pro what the demand for high-end properties would be in 2023 and what needed to be taken into account in the implementation of a project in order to attract the attention of the buyer.
What resort property developers can do to stay in a resourceful state
The only thing more important than investing in property is investing in one's health and education. Perhaps this is the main lesson of the last three years. To handle turbulence, one needs to stay in a resourceful state. But what does this mean for those who build property in resort locations? Elena Kabesheva, FIVE Commercial Director, answered this question for Stroygazeta.
01 March 2023
Resort real estate: what will be in demand in the new season
Interest in resort real estate is growing. Elena Kabesheva, commercial director of FIVE, a development company, in her author's column for REPA, an association of real estate market professionals talks:
- about buyers of premium resort real estate on the coast
- about the dynamics of demand in Sochi in 2022
- about the formats that will be in demand in the near future
FIVE: IN 2022 THE DEMAND FOR PREMIUM-CLASS LISTINGS IN SOCHI INCREASED BY 127%
The number of transactions related to comfort-class real estate increased by 6% as compared to the beginning of the year, while the growth in the business-class segment amounted to 70%. However, the most impressive figures can be found in the premium-class segment of real estate: the number of transactions increased by 127% as compared to the beginning of the year. These indicators, together with the dynamics of prices, allow us to come to the conclusion that this year it was premium-class real estate that enjoyed invariably high demand in Sochi.
Property developer FIVE presents MANTERA Seaview residence, a luxury residential complex situated on the Black Sea coast. It consists of several buildings of deluxe-class residences, urban villas, a five-star hotel with 400 rooms managed by a team of professionals with many years of experience in international hotel chains, and a conference hall with a capacity of 1200 people.
Architectural firm Megabudka explains to Archi.ru the unique architectural and landscape features of children's playgrounds in MANTERA Seaview residence. The play area of 2000 sq. m., which is divided according to different age groups, is situated at the foot of the hills. It consists of spaces equipped with a large sandbox and trampolines for small children and playgrounds for older children and teenagers. The territory is protected from gusty winds from the sea by a system of hills 3 meters high that are also used as slides for children and as climbing walls.
THE MOST EXPENSIVE PENTHOUSE ON THE PRIMARY HOUSING MARKET COSTS 3,36 BILLION RUBLES
A penthouse in MANTERA Seaview residence with a view both of the sea and of the mountains made it into the TOP-15 in the rating of the most expensive penthouses in Russia, according to the website "Mir Kvartir". The ranking is compiled by consulting firm NF Group ex Knight Frank. Apart from high ceilings, uninterrupted sea views offered by the beachfront location, high-end complex infrastructure, total privacy, and designer interior solutions that envisage the use of natural materials in the finish, owners of one of the most expensive penthouses in the country will also enjoy exclusive five-star hotel service.
INVESTMENT LEADERS AWARDS RECOGNIZED PROPERTY DEVELOPER FIVE AS THE WINNER IN THE NOMINATION "INVESTMENTS IN TOURISM. COMPANY OF THE YEAR"
IRN.RU: Investment Leaders Awards recognized property developer FIVE as the winner in the nomination "Investments in tourism. Company of the year". FIVE invests in the development of resort real estate, tourism and accommodation infrastructure. Beginning with the flagship development MANTERA Seaview residence in Sochi, each project is the result of careful elaboration of the concept and of economic aspects in all details. High-quality management and synergy of natural capital with advanced engineering and technological solutions allow to construct resorts in Russia that meet the highest international standards.
Elena Kabesheva, Chief Commercial Officer of property developer FIVE, explains to ""Izvestia"" why real estate in Sochi remains a risk-free investment instrument.
Nowadays, people with ample financial resources prefer to invest not in comfort-class or business-class properties, but in premium-class real estate, which can also be found in Sochi.
Such assets have repeatedly proven to be more stable during economic downturns: the prices for this type of real estate are almost never subject to decline.
LIFE BY THE SEA AND IN THE MOUNTAINS. HOW THE LUXURY REAL ESTATE MARKET DEVELOPS IN SOCHI
Elena Kabesheva, Chief Commercial Officer of property developer FIVE, explains to ""Snob"" how to choose a location for a luxury real estate project and evaluate the potential of a territory from the point of view of the implementation of resort real estate projects.
To do that, FIVE developed a unique Vitality Index.
GREEN PROPERTY AWARDS: TAKING CARE OF OUR COMMON FUTURE!
MANTERA Seaview residence has been recognized as the winner of Green Property Awards, which chooses best green projects and companies.
The property development has won in the nomination ""The project of the future: multi-use complex"" for compliance with ""green"" standards of quality.
SOCHI IN THE ROLE OF RUSSIAN DUBAI. HOW THE LUXURY REAL ESTATE MARKET IS DEVELOPING IN THE "SUMMER CAPITAL"
"Mir Kvartir" narrates about the best property development projects in Sochi, including an apartment complex with the most expensive home in Russia. We are talking about Mantera Seaview residence, a deluxe-class seafront residential complex. There will be 11 pools, including those filled with sea water, and fountains on the grounds of this luxury property development. There will also be created a state-of-the-art and sought-after living environment, including a private dendrological park with 60 types of plants.
HALF A BILLION WILL BE INVESTED IN A PRIVATE DENDROLOGICAL PARK IN SOUTHERN RUSSIA
"Stroitelnaya Gazeta": not less than 500 million rubles will be invested in the first private dendrological park in southern Russia. Company FIVE will build it on the grounds of the apartment complex Mantera Seaview residence. The property developer plans to plant about 30 thousand plants of more than 60 species in the park.
SOCHI RANKS AMONG THE MOST ATTRACTIVE CITIES FOR RESORT REAL ESTATE CONSTRUCTION
"Property developer FIVE evaluated the potential of Russian cities in terms of the development of luxury resort real estate," reports TASS. The rating of locations that are attractive from an investment point of view was unveiled during a business breakfast organized by Urban Community in Sochi, which brought together leading Russian property developers and construction companies.
IN TERMS OF PRICES, NEWLY CONSTRUCTED BUILDINGS IN ALL REAL ESTATE CATEGORIES IN SOCHI OUTSTRIPPED THOSE IN MOSCOW
On September 29–30 in Sochi a media tour around the most important locations of the Black Sea coast that are attractive from an investment point of view took place. These facilities are contestants and winners of the most prestigious award on the real estate market, the Urban Awards. The participants visited the deluxe-class complex MANTERA Seaview residence. Elena Kabesheva, Chief Commercial Officer of the project, narrated about the custom solution of the company, Vitality Index, thanks to which property developers can evaluate the resort potential of the Russian territory in order to be able to make correct decisions concerning development in various regions.
SOCHI AND YALTA ARE AT THE TOP OF THE RATING OF PREMIUM-CLASS RESORT REAL ESTATE DEVELOPMENT POTENTIAL
NERS.RU: Property developer FIVE compiled a rating of locations with the highest potential for resort real estate development, which is headed by Sochi and Yalta. The rating is based on such criteria as infrastructure, absence of industrial areas, a unique landscape, average annual temperature and amount of precipitation in the location, as well as ecological aspects.
ULTRA-EXPENSIVE AND INCREDIBLY CHEAP: WHAT THE PRICES IN RESORT LOCATIONS DEPEND ON
"Stroitelnaya Gazeta" narrates about joint research carried out by property developer FIVE and online service provider CIAN. According to the research, the growth capacity of domestic resort real estate is closely related to the level and the pace of infrastructure development.
THE FIRST REAL ESTATE DIGITAL MODEL FOUND A HOME IN SOCHI
Property developer FIVE created the first digital model in the history of resort real estate in Russia in the context of its flagship project in Sochi, MANTERA Seaview residence. In the future, each property developer's project will have its own "muse", and images of new heroines will bring to light particular features of residential complexes in question.
Professional web resource Sostav.ru published a case story dedicated to a virtual muse created by FIVE. The digital character symbolizes life energy. The virtual muse is an embodiment of guiding principles of the property developer's work and of its vision. Through the image of a woman, the creators conveyed the aesthetics and the noble spirit of the MANTERA Seaview residence project.
PROPERTY DEVELOPER FIVE WILL INVEST MORE THAN 130 BILLION RUBLES IN RESORT REAL ESTATE
Property developer FIVE will build more than one million square meters of real estate in southern Russia. At present, the company is constructing the deluxe-class complex MANTERA Seaview residence on federal territory "Sirius". The facility is already undergoing final finishing.
SUBTROPICAL CHILDREN'S PLAYGROUNDS WILL BE CONSTRUCTED IN RUSSIA IN 2023
The first subtropical children's playground in the country will be constructed on the territory of the deluxe-class complex MANTERA Seaview residence. The project of children's resort infrastructure designed to protect from gusty winds from the sea, hot weather, and direct sunlight is being implemented on the grounds of MANTERA Seaview residence by architectural firm Megabudka in collaboration with AA Partners. It is planned to plant palm trees, a bamboo forest, a citrus grove, and an olive grove around it and create an urban vegetable garden where children will be able to grow vegetables and observe them.
UP-AND-COMER: WHAT IS THE SECRET OF SOCHI SERVICED APARTMENTS, WHICH HAVE BECOME THE MOST EXPENSIVE IN RUSSIA?
What is the secret of Sochi serviced apartments, which have become the most expensive in Russia? From the very beginning, the MANTERA Seaview residence project has been accompanied by records, unveilings, and unprecedented circumstances. It was conceived on the wave of heightened interest in luxury real estate in Sochi and has already become the most famous project in the field of deluxe-class resort real estate in Russia.
SERVICES THAT ARE MOST SOUGHT-AFTER BY BUYERS OF LUXURY RESORT RESIDENCES HAVE BEEN UNVEILED
MANTERA Seaview residence is the only Russian resort real estate project that meets the requirements of buyers of world-class branded residences, reveals Savills in its research dedicated to customer preferences in the field of luxury resort real estate of unique and branded types.