Brusnika (company) explained

Brusnika
Type:Private
Key People:Alexey Krukovsky Chairman
Industry:Construction
Revenue:57,5 bn rub (2023).[1]
Net Income:7,6 bn rub (МСФО 2023)
Foundation:2004
Location:Russia, Yekaterinburg, Malysheva street, 51, office 37/05

Brusnika (Russian: Брусника) is a Russian real estate developer that specialises in residential high-rise construction. The company was founded in 2004. Its headquarters are located in Yekaterinburg with projects concentrated in Tyumen, Novosibirsk, Yekaterinburg, Surgut, Vidny and Kurgan.

History

The company commenced operations in 2004 with the name "Partner-Invest", part of holding "Partner", which integrated several enterprises in Tyumen in the sphere of construction, production and commerce.In October 2015 the company was rebranded with the aim of unifying all the subsidiaries in 5 cities under a single name.[2] [3] In Novosibirsk, for instance, the company operated as Sibakademstroy (with no change to the name of the local developer taken over in 2010). Since 2005, the company has begun development activities and formation of a land bank. In 2010, the company launched the second project of the integrated development of the microdistrict "Yevropeyskiy" (eng. "European").[4] In 2011, Brusnika bought a "Sibacademstroy" company.[5] In June 2018 in collaboration with Sberbank, the company pioneered project financing with escrow accounts.[6] The same year its national credit quality was evaluated as BBB+ (stable development forecast) according to Expert RA.[7] In 2019 Brusnika was reorganised as a corporate company with subsidiaries in Yekaterinburg, Novosibirsk, Tyumen, Surgut and Moscow. It was granted the national credit rating at BBB+(RU) (stable development forecast) by ACRA and was rated among the top five developers in Russia according to Forbes.[8] In 2020 the company issued its debut bonds on the Moscow Exchange, and was granted the status of a strategic developer in Russia and successfully retained its credit quality at BBB+. The same year, jointly with DOM.RF, the developer embarked on the first leased housing project in Yekaterinburg.[9] In 2021 ACRA promoted Brusnika’s rating to A− (RU) with stable development forecast and rated its bonds at A− (RU).[10] The company has launched mobile manufacturing to develop residential area "Pshenitsa" (Eng. Wheat),[11] a new residential area in Novosibirsk and branched out into in-house production of aluminium-wooden windows in Yekaterinburg[12] This year the urban villa in the European Quarter of Tyumen was awarded an International BREEAM Awards 2021 prize in the category of Accommodation - Buildings at the Stage of Design.[13] In this way in 2021 Brusnika issued two bonds on the Moscow Exchange for a total of 10 billion rubles. ACRA also rated all issues of the Brusnika’s bonds at A− (RU).[14] In March 2022 ACRA confirmed the company’s status and its bonds at А-(RU) with stable development forecast too.[15] In March 2023, Brusnika received an A− credit rating from ACRA and NKR. The rating forecast is stable.[16] [17]

External links

Notes and References

  1. Web site: Консолидированная финансовая отчетность за 2023 год. ekaterinburg.brusnika.ru.
  2. Web site: "Брусника" — новое имя компании "Партнер-Инвест". ru. Brusnika is the new name of Partner-Invest. 2015-10-21. Всё о новостройках (All about new buildings). 2016-03-21.
  3. Web site: "Партнер-Инвест" стал "Брусникой". ru. Partner-Invest became Brusnika. 2015-10-02. Регион-Тюмень (Region-Tyumen). 2016-03-21.
  4. Web site: Башенный кран как признак выздоровления экономики — Парламентская газета "Тюменские известия". ru. Tower crane as a sign of economic recovery . 2021-09-23. Parliamentary newspaper Tyumenskie Izvestia.
  5. Web site: 2010-07-16. ФАС разрешила тюменскому инвестору выкупить у Игоря Кима долю в Сибакадемстрое - Сибирь Интерфакс Россия. FAS allowed a Tyumen investor to buy out a stake in Sibakademstroy - Siberia from Igor Kim . 2021-09-23. Interfax Russia. ru.
  6. Сбербанк протестировал новую систему финансирования стройки . Коммерсантъ. Sberbank has tested a new construction financing system . Коммерсантъ . ru .
  7. Web site: АКРА присвоило ООО "Брусника. Строительство и девелопмент" кредитный рейтинг BBB+(RU), прогноз "Стабильный", и выпуску облигаций серии 001P-01 ожидаемый кредитный рейтинг eBBB+(RU). ACRA assigned a BBB + (RU) credit rating to LLC Brusnika. Construction and Development, a Stable outlook, and an expected eBBB + (RU) credit rating to the 001P-01 series bond issue . 2021-09-23. ACRA Ratings. ru.
  8. Web site: "Эксперт РА" подтвердил рейтинг компании "Брусника. Строительство и девелопмент" на уровне ruВВВ+. Expert RA has confirmed the rating of Brusnika. Construction and development "at the level of ruВВВ +" . March 3, 2020. ACRA Ratings. ru.
  9. Web site: Компания ДОМ.РФ совместно с Брусникой запускает первый арендый дом в Екатеринбурге. The DOM.RF company together with Brusnika launches the first rental house in Yekaterinburg . ru.
  10. Web site: АКРА повысило кредитный рейтинг ООО "Брусника. Строительство и девелопмент" до уровня А-(RU), прогноз "Стабильный", и выпуска его облигаций — до уровня А-(RU).
  11. Web site: Экологически чистая "Пшеница": уникальный опыт многоэтажного строительства оценил Губернатор в Краснообске. ru. Environmentally friendly "Wheat": the Governor in Krasnoobsk appreciated the unique experience of multi-storey construction. 2021-07-09. https://web.archive.org/web/20210709182821/https://www.nso.ru/news/45454. dead.
  12. Web site: Брусника запустила производство дерево-алюминиевых окон. ru. Brusnika has launched the production of wood-aluminum windows.
  13. Web site: Брусника стала первым российским девелопером, победившим в BREEAM Awards. ru. Brusnika became the first Russian developer to win the BREEAM Awards .
  14. Web site: Мосбиржа зарегистрировала облигации "Брусника. Строительство и девелопмент" на 6 млрд рублей. Finmarket.ru. 2021-03-30. 2021-11-15.
  15. Web site: АКРА подтвердило кредитный рейтинг Брусники А-, прогноз "стабильный".
  16. Web site: АКРА ПОДТВЕРДИЛО КРЕДИТНЫЙ РЕЙТИНГ ООО «БРУСНИКА.
  17. Web site: НКР присвоило ООО "Брусника. Строительство и девелопмент" кредитный рейтинг A-.ru со стабильным прогнозом.

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