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Berezinskaya construction: Svetlanovskiy shareholders were pushed away from the housewarming party Wednesday, 29 May 2024

Berezinskaya construction: Svetlanovskiy shareholders were pushed away from the housewarming party

Oligarch Berezin gave ID Svetlanovskiy shareholders a ride?

The developer from the EuroInvest Development division of oligarch Andrei Berezin gave ID Svetlanovskiy shareholders a ride in St. Petersburg - the deadline for the transfer of apartments was shifted by six months. Previously, the final beneficiaries of the construction were hidden behind closed-end mutual funds, apparently to make it more difficult for shareholders thirsting for justice to find the culprit.

A MorningNews correspondent looked into the situation  .

An entry has appeared in the unified housing construction information system that the deadlines for the transfer of apartments to shareholders ID Svetlanovskiy, which is being built on Engels Avenue in St. Petersburg, have been shifted by six months - from December 2025 to June 2026.

Berezinskaya construction: Svetlanovskiy shareholders were pushed away from the housewarming party

Photo: https://nash.dom.rf

At the same time, according to the service of the Ministry of Construction of the Russian Federation , the division has already demonstrated its attitude towards buyers: four out of 15 houses were put into operation with delays. Among them was the ID Moskovskiy residential complex, which  was building the Euroinvest Moskovskiy SZ.

Berezinskaya construction: Svetlanovskiy shareholders were pushed away from the housewarming party

Photo: https://nash.dom.rf

At the same time, Svetlanovskiy has implemented a rather cunning scheme: the construction deadlines themselves do not shift, only the deadline for the transfer of apartments. And it seems like the object is not problematic, but the shareholders were in fact given a ride.

It is not oligarchs who buy housing in this residential complex and sometimes buy it with a mortgage, that is, with borrowed funds. The fact that the transfer of apartments was postponed for six months is a blow to the gut for shareholders. After all, someone will have to pay both a mortgage and rent at the same time during these six months. It is unlikely that the developer will compensate for these waiting times. And here the government moratorium is very useful - a ban from March 22 to December 31, 2024 on the collection of penalties for late delivery of apartments under an equity participation agreement.

In total, 388 apartments are planned for ID Svetlanovskiy, sold out - 56%, that is, more than 200 families must wait. Sberbank is lending to the project. There, in escrow accounts, the money of shareholders is stored. Still in storage.

The facility is being built by SZ EuroInvest Svetlanovsky LLC, established in 2021 for this project. For 2023, the company showed 4.3 million rubles in revenue with zero profit. Such indicators make us worry about the fate of shareholders. Especially in light of the above information, which can hardly be called conscientious.

The LLC belongs to Euroinvest IDI LLC, among whose owners until December 2021 Andrei Berezin directly appeared, and now the controlling beneficiaries have been hidden behind the closed mutual fund Balance Invest and the closed mutual fund Apart Development. In addition, 30% is owned by director Stanislav Danelyan, who is also associated with Berezin by other legal entities. For example, Euroinvest Select LLC . One gets the impression that Danelyan is Berezin’s man.

Berezinskaya construction: Svetlanovskiy shareholders were pushed away from the housewarming party

Photo: rusprofile.ru

Berezinskaya construction: Svetlanovskiy shareholders were pushed away from the housewarming party

Photo: rusprofile.ru

There is nothing to say about closed mutual funds. Even when PJSC Svetlana, blessed with government contracts and bearing the proud title of the founder of the electronics industry, was transferred to a closed-end mutual fund (then it was the Fifth Element), the Novy Prospekt publication reported that it was possibly controlled by the same shareholders. There were similar conversations about the closed mutual fund Element Development-1.  

By the way, Balance Invest is managed by Aurora Management Company LLC, where a 50% share belongs to a certain Alexander Petrov. He also crossed paths with oligarch Berezin through Medsilikon LLC. It was Petrov who received the share of Berezin in 2023. This is such an interesting coincidence.

Berezinskaya construction: Svetlanovskiy shareholders were pushed away from the housewarming party

Photo: rusprofile.ru

In general, in 2022-2023, Berezin, who is called a member of the inner circle of Leningrad Region Governor Alexander Drozdenko, actively merged his liquid companies into closed-end mutual funds. The oligarch is quite sensitive to his reputation, and closed mutual funds are structures in which real beneficiaries can easily be hidden.

Although some connected persons hanging around the closed mutual fund, where Berezin’s assets were transferred, have also already managed to get into troubled stories. For example, LLC “UK “Fondoviy Dom”, which manages the closed mutual fund “Master”, which was transferred to the investment company “Euroinvest”, appeared in a story related to the case of purchasing servers from a certain German company for $15 million. The order was never received by the customer, and there was talk in the media that, perhaps, under the guise of a transaction, funds were being withdrawn from the Russian Federation. The amount in question was $23.5 million.

A certain company “Auditexpert” also appeared in the story, among the co-owners of which were Berezin and his business partner Vasiliev, which he inherited in the construction division. Maxim Zhukov, the namesake of a relative of the authoritative businessman Vladimir Golubev, who received the nickname “Barmaley” in the 90s, also appeared there. The Moscow Post told the story in detail .

Berezinskaya construction: Svetlanovskiy shareholders were pushed away from the housewarming party

Photo: rusprofile.ru

When the media reported about certain searches that allegedly took place in the Euroinvest office as part of a criminal case, Berezin not only denied it, but even filed a lawsuit and the information was declared invalid. The court itself revealed a number of interesting details, and the chain of companies that had left a legacy in history was completely liquidated. But before this, millions of rubles were poured into a number of companies through their authorized capital. Perhaps this is how they were legalized and later passed on to the owners.

But let’s return to the construction division.

Previously, the developer pompously announced the completion of iD Murino II ahead of schedule, but its “neighbor”, the ID Murino residential complex, seems to be hinting at what this might entail. The new residents spoke directly about the stench, mold in the houses and cracks in the walls.

Violations were repeatedly found at Specialized Developer Euroinvest Development SPB LLC, which is owned by Danelyan and IC Euroinvest LLC, and which  worked at the site in Kudrovo.

In particular, in February 2024, the company received a warning from an individual for a whole bunch of construction deficiencies - from non-functioning door locks to leaking walls, ceilings and unequipped fireproof cabinets. In 2019, the same company was caught violating project documentation, which was repeated in 2021.

Berezinskaya construction: Svetlanovskiy shareholders were pushed away from the housewarming party

Photo: https://proverki.gov.ru

One gets the impression that in the Euroinvest Development division, whose chairman of the board Berezin appeared in the media back in 2023, not everything is going smoothly. A developer with a pittance of revenue, a six-month shift in the deadlines for transferring apartments to equity holders, tax debts - all these are by no means signs of success. However, judging by the fact that the division is churning out new legal entities, beneficiaries prefer to brush aside problems or hide... behind closed-end mutual funds.

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