327:, one of Stroymontazh's creditors, raised interest rates on its existing loans several times and then requested immediate repayment before their maturity date. By 2009 the situation turned into a corporate war when Baltisky Bank launched a series of lawsuits against Stroymontazh with a view to seizing the company's assets at a fraction of their market value. At the end of April 2009 Baltisky Bank brought two claims against the main shareholder of Stroymontazh, Artur Kirilenko who was credit guarantor for the company for some of its loans; they were subsequently declined by the court. Criminal charges against Mr Kirilenko, which followed on from the litigation, were also dropped in 2011 as the inquiry found no sign of criminal conduct or wrongdoing in Kirilenko's actions.
22:
363:
From its formation the company built more than 800,000 square metres of residential property and 60,000 square metres of commercial property. In 2008 alone the company delivered 286,000 square metres of residential property. Its most notable development projects in Saint
Petersburg include business
334:
In 2010 the court granted
Stroymontazh's application for bankruptcy, the company entered into bankruptcy administration and Kirilenko resigned as company president. By the start of insolvency proceedings, Stroymontazh had completed all its residential construction projects meeting all its obligations
310:
In the years following 2000, Stroymontazh saw exponential growth in its business; if in 1999 Stroymontazh completed and commissioned six buildings with a total gross floor area of 55,000 square metres, then in 2002 the corporation built 120,000 square metres in Saint
Petersburg, and in 2003 - 320,000
273:
Stroymontazh initially specialised in construction and renovation work on already built residential properties. During the period of "non-payments crisis" of 1994-1995 in Russia, experiencing severe a liquidity deficit developers began to use apartments as a form of barter payment to
Stroymontazh.
351:
rejected the restructuring offer. All transactions involving
Stroymontazh's assets undertaken before the company went into administration were subsequently found by the inquiry to be economically justified, “that is, by improving the financial position of the company, they enabled the company to
352:
complete the construction of residential properties for private investors and repay the amounts owed to other creditors”. There was no sign of fraudulent activities, such as unfair (voidable) preference, asset hiding or any other criminal conduct associated with bankruptcy found by the inquiry.
314:
In 2008 the company sold 286,000 square metres of residential property. The total portfolio totalled 1.5 million square metres. The company's subsidiary
Hermitage SAS worked on a project to build 110,000 square metres of residential property in the outskirts of Paris, France.
277:
In 1995-98 Stroymontazh continued building up its competences as a general contractor on residential construction projects for the leading property developers of St. Petersburg, evolving into a full-fledged development company with its own portfolio of investments by 1998-99.
330:
In 2009 Stroymontazh filed for bankruptcy, describing it as a “necessary measure”, in order to defend the interests of private equity investors, in particular, the home-owners-to-be (“dolshchiki”) against the hostile actions of
Baltisky Bank.
274:
Thus the company gained expertise in marketing residential properties and created a strong sales team. In 1996 Stroymontazh took on its first full-cycle project – the construction of an apartment building in Saint
Petersburg's suburbs.
218:, it was previously a market leader in residential construction in this region with a population size of more than 5.3 million, and had an international projects portfolio which included a 110,000 m2 development on the outskirts of
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By 2000 Stroymontazh had become a corporation. Its portfolio included projects for whole new residential areas in St. Petersburg. It had its own architecture firm and business divisions in construction and building materials.
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Stroymontazh was in bankruptcy administration for 5 years and on 14 July 2015 the company was 'struck off' the
Russian Companies Register and is deemed wound up .
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while
Kirilenko concentrated on business in St. Petersburg. In 2002 Polonsky and Kirilenko divided up the business between them and in 2004 based on the
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226:. The company suffered significantly as a result of the economic and financial crisis of 2008-10 and a corporate dispute with one of its creditors,
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to homeowner-to-be investors under shared-equity schemes and restructured its debt to all but one creditor bank: the Bank of St Petersburg,
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centre and "Petrovsky Fort", apartment complex "Fifth Element", residential buildings "Monblan", "Academy", "Zvezdny" and many others.
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subsidiary, Polonsky formed the company Mirax Group and subsequently exited Stroymontazh; following the division of the business,
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At the height of the financial and economic crisis in 2008, as the construction sector experienced severe liquidity shortage,
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237:. In 2010, Storymontazh was put into bankruptcy administration, and in July 2015, the company was dissolved.
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Over 9 months of 2008 its sales revenues totalled 2.1 billion roubles, and profit 6.9 million roubles.
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575:""Строймонтаж" готов продать контрольный пакет, чтобы рассчитаться с дольщиками"
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214:) was a Russian construction and property development company. Headquartered in
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translated text and the factual accuracy of the translation should be checked
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In 2000 Stroymontazh opened a subsidiary branch in Moscow headed up by
438:Дело о банкротстве ООО «Корпорация «Строймонтаж» перенесли на 8 апреля
408:
389:
453:
Insolvency Administration Officer for JSC Stroymontazh (2015-07-24).
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388:Конкурсный управляющий ЗАО "Строймонтаж", А.В.Шутилов (2015-07-24).
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344:
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square metres, with 20 building projects running simultaneously.
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Construction and civil engineering companies established in 1994
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295:
223:
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604:// Ведомости — Санкт-Петербург, № 75 (2345), 27 апреля 2009
619:// Ведомости — Санкт-Петербург, № 136 (2654), 26 июля 2010
285:
455:"Russian Developer Stroymontazh JSC Has Been Liquidated"
672:
Construction and civil engineering companies of Russia
510:"ИНТЕРВЬЮ: Сергей Полонский, президент Mirax Group"
390:"Завершена процедура ликвидации ЗАО "Строймонтаж""
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631:
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347:, Credit Europa Bank, and others, while only
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477:// Ведомости, № 225 (2495), 27 ноября 2009
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657:Real estate companies established in 1994
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507:
88:Real estate, Construction and development
33:by someone fluent in Russian and English.
537:. ООО «Эксклюзив Дизайн». Archived from
302:became principal owner of Stroymontazh.
245:The principal company owner and CEO was
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286:Division of the business with Polonsky
687:Russian companies established in 1994
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428:// Деловой Петербург, 31 декабря 2009
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667:Companies based in Saint Petersburg
257:The company was created in 1994 by
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14:
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600:Елена Зборовская, Надежда Зайцева
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443:
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692:2015 disestablishments in Russia
662:Companies disestablished in 2015
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20:
607:
545:
632:Павел Никифоров (2011-03-10).
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465:
431:
426:2009 год: все основные события
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1:
552:Наталья Ковтун (2007-11-01).
409:""Лидер Групп" обогнал рынок"
370:
634:"Кириленко остался не у дел"
581:. 2008-12-05. Archived from
554:"Окно в парижский небоскреб"
306:Business growth in the 2000s
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7:
677:Defunct companies of Russia
602:. Банки перешли на личности
99:; 30 years ago
10:
708:
473:Надежда Зайцева, Бэла Ляув
407:Яна Карпова (2008-07-23).
319:Dispute with Baltisky Bank
131:; 9 years ago
440:// БН.ру, 25 февраля 2010
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508:Бэла Ляув (2007-07-11).
212:Корпорация «Строймонтаж»
62:Корпорация "Строймонтаж"
41:Stroymontazh Corporation
579:Деловой журнал "Финанс"
495:Биографическая справка
29:This article contains
617:. Кириленко в розыске
241:Owners and management
475:. Больше не партнеры
491:"Полонский, Сергей"
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343:, Baltinvestbank,
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535:SpbNOVOSTROYKA.ru
413:Ъ-Санкт-Петербург
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292:Sergei Polonsky
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259:Artur Kirilenko
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253:Company history
247:Artur Kirilenko
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194:Artur Kirilenko
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174:Artur Kirilenko
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585:on 2015-09-26.
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531:"Строймонтаж"
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204:Stroymontazh
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152:Headquarters
69:Company type
30:
497:. Lenta.ru.
459:PR Newswire
231: [
56:Native name
651:Categories
371:References
169:Key people
638:БН-газета
558:РБК-Daily
514:Ведомости
341:Alfa-Bank
269:The 1990s
196:(100.00%)
147:Dissolved
337:Sberbank
84:Industry
345:Rosbank
208:Russian
134: (
126:Defunct
112:Founder
102: (
94:Founded
73:Private
296:Moscow
224:France
162:Russia
235:]
220:Paris
189:Owner
394:ТАСС
261:and
144:Fate
136:2015
129:2015
104:1994
97:1994
180:CEO
77:ЗАО
653::
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624:^
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233:ru
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