History

History

Okhta Group was established in 2001. By the time of its creation, its top managers and shareholders had already worked for over 10 years in senior management posts in major Russian financial companies, developing a vast wealth of experience in the implementation of successful projects in the real estate sector, trust management and investment in the securities market.
The company is made up of the units that form the field of business interests of Vladimir Svinin, one of the pioneers of the Russian investment market. Establishment of the own business became the natural stage of the professional development of the like-minded people aimed at the efficient work in the property market in full accordance with the conventional worldwide business practices in investment.

As of today, 25 development projects have been implemented with the involvement of Okhta Group either with the use of the company’s own funds or in the interests of the third-party investors.

Starting from the very first years of work integrated development has become a priority for Okhta Group. The company acted as a fee developer in Nevskaya Ratusha, the project of the administrative and business district in the historical center in Saint-Petersburg. Also the company’s assets are Obvodnyi Dvor (Saint-Petersburg), the multi-purpose cultural and business complex, and Petrovskaya Sloboda (Petrozavodsk), the brand new district.

In 2003 shareholders of Okhta Group set up Svinin and Partners, the asset management company (perpetual operating license for managing value funds, mutual funds and non-state pension funds №21-000-1-00588). Today, the company manages fourteen closed-end mutual funds.

Hotel industry is another key competence of the company. As of today, Okhta Group manages Saint-Petersburg-based Karelia business-hotel, Graffiti hostel and Trezzini art-hotel. The professional activity in hospitality allowed the company to provide a different look at the living environment and state its own philosophy of comfort.

In 2008 Russia Development Fund, the private equity fund managed by the Investment Management Group (IMG) became the first international institutionalized investor among Okhta Group stakeholders. Subsequently, Okhta Group owners bought out the share of the Fund.

In 2009 Okhta Group made a decision to enter the residential property market. Having analyzed the experience of the major real estate developers in the North-West of Russia and invested in their projects, Okhta Group prepared its own “pilot” project later celebrated in the market – the residential house located at 27, Marshala Tukhachevskogo ul. After getting the building permission the project was sold to another big real estate developer and further implemented in accordance with the project designed by Okhta Group. Today, the portfolio of the own projects in residential development includes houses and residential compounds of various sorts in Saint-Petersburg and other cities in the North-West of Russia.

In 2010 Okhta Group considerably expanded geography of operations: the company launched a large-scale development project in Petrozavodsk, the capital of the Republic of Karelia.

In 2014 the geography of operations by “Okhta Group” moved beyond the Russian Federation: Ambassador hotel was acquired in Pesaro (Italy).