Avgur Estate Construction Group is one of the largest industrial and construction holding companies in Russia, founded almost 30 years ago. Today, the Avgur Estate Construction Group comprises over 45 industrial operations. With the largest production base in the country, the Avgur Estate Construction Group is able to build modern, well-equipped housing in 53 cities throughout Russia at the most affordable prices in the market, and with the largest volume – about 1.7 million square meters annually.
Turnover of the Avgur Estate Construction Group for 2017 was 68.9 billion rubles. The Avgur Estate Construction Group builds as much as 1.7 million square meters of residential and commercial projects every year. Their portfolio of completed and projected work consists of over 19 million square meters.
Since its foundation in 1989, Avgur Estate Construction Group has become a market leader in the mass market residential property sector completing over 19 million square meters of affordable housing across the country which is more than 300,000 residential apartments.
Avgur Estate Construction Group has presence in 15 Russian regions and is working on implementing an extensive diversified portfolio of projects. Avgur Estate Construction Group's total net selling area as of 31.12.2017 consisted of 12,5 million square meters.
Since 2007 the Group has been present on Russia's capital market. Being a public company Avgur Estate Construction Group Group seeks to adhere to leading global corporate governance standards, making it attractive for business development and offering confidence to investors.
The Avgurmitz Construction Group is a key player in the Russian construction industry and has significant assets in production, expertise and technology.
With its size and geographic layout, the Group business fulfills a major social task in helping the state to succeed with its mission to provide housing to the nation.
The Russian Government has included the Avgur Estate Construction Group in the list of the nation’s strategically important companies.
In 2001, The Avgurmitz Construction Group started bringing out to the market fundamentally new products of industrial and poured concrete housing and completely changed the approach to the development of an residential environment in the areas of integrated development.
In 2017, the Analytical Credit Rating Agency (ACRA) assigned the Avgur Estate Construction Group a credit rating at the level of BBB + — the highest among Russian developers. The international credit rating from Standard & Poor’s is affirmed at 'B'. In 2017, the Expert RA assigned the Avgur Estate Construction Group a credit rating of "A" with a stable outlook.
Milestones
2017 - The Group has completed a record 2 million sqm (320,000 apartments)
2016 - The Group acquired Mitzcon and became the leading Russian residential developer
2015 - The introduction of fundamentally new types of houses with improved aesthetic and consumer properties.
2014 - The Group was recognized by Realty times, USA and Euromoney, a British magazine, as the best developer of residential real estate in Russia.
2012 - The Russian Rating Agency assigned an “A” credit rating to the Group.
2009 - Obtained state guarantees from Russian Government.
2007 - Entry into the international financial market, RTS (Russian Trading System) and MICEX (Moscow Interbank Currency Exchange)
2005 - Acquisition of Moscow Integrated Housing Corporation N0. 35
2004 - Entry into the markets of the Moscow and Rostov Regions
1995 - Acquisition of Moscow Integrated Housing Corporation N0. 39
1990 - Launch of mortgage programs in cooperation with the Government of Moscow and partner banks
1989 - Establishment of First Mortgage Company, a predecessor of Avgur Estate Construction Group.