The Norman construction company has been operating in the economy class housing construction market since 2004. In her work, she is guided by the postulate that each family should have a separate apartment.
JSC "Normann"
CJSC "Investment and Construction Group Normann" from the day of its formation was part of the SNZK holding. Having increased capacity and gained experience, in 2006 she began to independently engage in real estate development (development). The company builds houses that are affordable for residents with average incomes.
Norman is simultaneously a customer, investor, developer and general contractor. This means that the company carries out the entire construction process, from design and registration of permits to commissioning of objects. In its activities it uses new technologies and developments. The region in which Norman operates is St. Petersburg and the Leningrad region.
Completed houses
- "Neva vertical"
- "Vitebsk".
- "Shushary".
- "Kolomyagi-Briz", 5-storey building.
- "Two Captains", 22-storey.
- "In Vsevolzhsk."
- "Excellent" on 22 floors.
- “Izhora-Park” (the second stage has been put into operation, but the apartments have not yet been occupied).
Residential complexes under construction
- “Desyatkino”, “Desyatkino 2.0” (Vsevolzhsky district).
- “On Zarechnaya” (Vyborg district of St. Petersburg). Delivery of the 1st stage - 1st quarter. 2016, 2nd-4th quarter. 2017
- "Three oranges" 1st stage - 4th quarter 2015, 2nd - 1st quarter. 2016
- "Bright". 1st stage - 1st quarter 2017
Prospects
At the moment, residential complexes “Normandy” (Kolomyagi) and “Moroshkino” are being designed. The Norman company plans to become a leader in the construction of economy class apartments in its region. To do this, she plans to work in other areas and provide additional services to customers.
Residential complex "Desyatkino 2.0"
Back in July 2014, I received permission to build the first stage of this Norman housing complex. The construction company Desyatkino 2.0 is building Murino in the St. Petersburg suburb. Two weeks later she began selling apartments to future residents. Permission for the construction of the second stage was received in September of the same year.
Norman is not the only developer of this site. The Three Whales residential complex is being built by SU-155, a construction company as large as Norman. "Desyatkino 2.0" is located within walking distance from the "Devyatkino" metro station. The infrastructure of the microdistrict is expanding. It is planned to equip recreation areas for children and adults.
According to the schedule, the first stage should be commissioned in the second quarter of 2016, the second - in the fourth quarter of 2017. But it is unknown whether the Desyatkino complex will be ready on time. "Norman" delayed the construction progress for three months in the spring.
Residential complex "Izhora-Park"
Norman (the construction company) builds houses not only in open fields. “Izhora-Park” is being built in the historical center of Kolpino. It will consist of five brick monolithic buildings, 12- and 18-story. The first stage (two buildings) has been commissioned, the second stage is due in the 4th quarter. 2015. The price of a one-room apartment is 1.85-2.86 million rubles.
The ceiling height in these houses is 2.7 m. It will make it possible to install furniture and live comfortably. The interior doors in the apartments will be wooden, the entrance doors will be metal.
They plan to use ceramic bricks in the decoration of the façade. Heating will be provided using an autonomous gas boiler room.
Traditional parking is planned. The territory of the complex will be guarded. Each house will have a concierge, and the apartments will have intercoms with the possible installation of video surveillance.
The Rybatskoye metro station is located five kilometers from the construction site. - 70 meters from the construction site.
Major infrastructure facilities are nearby. There are no entertainment facilities yet. Although after the commissioning of the complex they may be located on the first floors, as indicated in the development plan provided by the Norman construction company.
Reviews from residents of the neighboring microdistrict claim that there is a passage under the complex. These places have long been called swamps. Because of this, it is supposedly impossible to build here. But the examination did not confirm these opinions. Buyers hope that the developer has stabilized the soil under the construction site.
The second section was put into operation three weeks later than planned (in January), but occupancy will occur before July 2015, as the construction company Norman assures.
Customer reviews indicate that many people purchase several apartments, especially for resale or rental. They believe that this is a profitable investment.
At the beginning, when the foundation pit is still being dug, the construction company Norman offers relatively low prices for apartments. Customer reviews indicate that it is at this moment that it is profitable to buy an apartment there by paying 100%. Then prices begin to snowball every month. And at the time of delivery they reach the cost of apartments from other developers.
A mortgage can be obtained from a bank owned by the Norman construction company. The bank charges such high interest rates that it is more profitable to take out a consumer loan. Reviews say that buying an apartment in installments is unprofitable.
With a delay of six months. The employees explain it by the lack of agreement with the authorities on the territory planning project.
Residential complex "On Zarechnaya"
In the second quarter of 2015, the first stage of the complex “On Zarechnaya” should be put into operation. It is also being built by Norman (construction company). Prices are reasonable: a square meter costs from 63 thousand rubles.
The complex in Pargolovo will consist of five residential buildings, the construction of which is carried out in three stages. In December 2014, Norman began building the second phase of the Na Zarechnaya residential complex. It will have two buildings and consist of houses of 19-25 floors, equipped with modern high-speed elevators, metal-plastic windows, and glazed balconies. It is planned to install loggias in the houses of the third stage. The complex will have food and hardware stores, a fitness center, a pharmacy, and office space. They plan to carry out landscaping in the courtyards.
The territory of the housing complex will be protected by a fence. The presence of intercoms will help prevent unauthorized access. A parking lot and open areas will be built for parking. Parnas metro station is 9 km away.
The apartments are planned to be rented out without finishing. The price of a studio with an area of 22 m2 is 1 million 35 thousand rubles. The average delay in delivery of objects to the Norman company is 3 months, the maximum is 15 months.
In January 2015, the construction process of the Yarkiy residential complex was launched, which should be completed in 2017.
February 2014: houses, mainly consisting of studios, were received in the Moroshkino residential complex (Vsevolzhsky district). The deadline is the end of September 2016.
Construction company Normann was founded in 2004. The company's management sees its main task as the construction of high-quality and affordable housing. The company's motto is the formula: “One family - one apartment.” In accordance with this, Normann designs facilities based on the rational distribution of resources, the use of only high-quality, environmentally friendly building materials, and the use of innovative technologies.
The Norman company adheres to the following rules in its work:
The layouts in the apartments are designed to be reasonable and ergonomic, so that buyers do not overpay for extra meters;
For different objects, most apartment layouts are standard, which allows reducing costs for architectural and planning solutions, and, as a result, reducing construction costs and the final price of apartments;
During construction, the most modern high-quality materials are used, and advanced technologies are also used;
Cooperation only with proven and reliable suppliers and partners. All contracts are concluded for a long term, through tenders. All prices in contracts are fixed.
The company plans to further develop, enter new segments of the real estate market, as well as achieve a leading position in the construction of economy-class housing in St. Petersburg and the Leningrad region.
Implemented projects
- Residential complex "Nevskaya Vertical" on the street. Latvian Riflemen, 5-7.
- 16-storey residential complex on Vitebsky Prospekt, 73-75.
- Residential complex “Two Captains” at the intersection of Leninsky Prospect and Kuznetsov Avenue. The complex consists of two high-rise (20-22 floors) buildings.
- Club house "Kolomyagi-Breeze" on the street. Shcherbakova, 21. The house is a 5-story building of superior comfort.
- Residential complex "Shushary", located on the street. Pervomaiskaya, 5. The residential complex was built in two stages and consists of two 19-storey buildings with economy-class apartments.
- A low-rise residential complex in Vsevolozhsk, located in Armenian Lane, plot 26. The complex is being built in several stages. Phases 1 and 2 have already been completed and the houses have been put into operation.
Normann facilities under construction
The Normann company is currently constructing several residential complexes at once. Most of them are multi-storey brick-monolithic buildings: residential complex "Izhora Park", 1 pt. Iq. 2014, 2 pts. IV quarter 2014, 3 and 4 points. IV quarter 2015 Residential complex "Three Oranges", 1 pt. IV quarter 2015 Residential complex "Desyatkino", 1 pt. II quarter 2015, 2 pts. IV quarter 2015 Residential complex "Otlichnik", Ikv. 2014
founded in 2004 and performs the functions of a customer, investor, developer and general contractor for residential real estate in St. Petersburg and the region. More than ten years of experience of the company already allows us to speak of it as an experienced builder.
In addition to construction organizations, the Normann Group of Companies includes the management company "Management Company "Norma Dom", the company for the repair and decoration of premises "Remstroyservis", the law firm "Normann-Consult", the information and analytical center "Norminfo". Since 2013, we have been a permanent mortgage partner.
Developer Normann builds economy-class and comfort-class houses, focusing on the needs of the mass market. It happens that houses from the Normann construction company are put into operation with slight delays. The average duration of delays is 5 months, the maximum is 15 months, they report.
December 2015: based on the results of the outgoing year from the volumes of 2014, i.e. The volume of apartments sold remained virtually unchanged.
February 2016: the construction company Normann has taken 9th place in terms of the volume of housing under construction in St. Petersburg and the Leningrad Region. Currently, the developer is working on 300 thousand square meters. meters, a third of which will be commissioned this year. Several new projects will be launched at the same time: two next stages of the Yarkiy residential complex and 2 new residential complexes; Negotiations are underway to purchase new land plots.
April 2018: Norman company posted a notice of its intention to file on the official website se.fedresurs.ru bankruptcy petition their three companies. The developer says that this is primarily a technical measure to stabilize the situation with bankruptcy claims against it from former shareholders.
October 2018: during the 2nd and 3rd quarters of this year, the developer postponed the delivery deadlines for all of its projects except the Normandy residential complex (but delays and postponements are also likely for this). According to some of them, for a year and a half. The question of Norman's real bankruptcy is found in messages on our forum.
December 2018: In 2018, the company continues the construction of 9 residential complexes, several of which have been postponed. The maximum transfer period is 39 months for the Desyatkino residential complex. As the developer promises, apartment buyers should receive the keys to the first phases of the Moroshkino and Yarkny residential complexes by the end of the 4th quarter of 2018. In total, the company's portfolio includes 6 commissioned complexes.
January 2019: according to Fontanka, the general director and co-owner of the Norman Group of Companies, Vladimir Smirnov, was detained the day before in a case of fraud on an especially large scale. Editorial sources report that Vladimir Smirnov was detained as a suspect for two days on January 30. The detention is related to a criminal case, which the Main Investigation Department of the Main Directorate of the Ministry of Internal Affairs opened under Art. 159 of the Criminal Code - fraud on an especially large scale. We are talking about several objects that Norman is building.
June 2019: structures that are part of the Normann Group are going through the stage of bankruptcy. Many lawsuits have been filed in the courts by defrauded shareholders. In May, the tax service filed a bankruptcy claim against Norman-Service. In April, the company's general director, Vladimir Smirnov, was charged with fraud on an especially large scale. According to investigators, the businessman collected 3.15 billion rubles from shareholders for the construction of the Desyatkino 2.0 residential complex in Murino. Of these funds, only 1.3 billion were spent on work. None of the projects have yet been completed. In total, the company has 8 undelivered residential complexes. It does not carry out construction on sites. And, most likely, according to the forecasts of real estate market analysts, it will officially cease to exist. The authorities of St. Petersburg and the Leningrad region have taken control of the situation with long-term construction. For four complexes - and new contractors have been found. In May, shareholders were announced new deadlines for completing the construction of the complexes.
1. Brief information.
The construction company Normann appeared on the construction market of St. Petersburg in 2004 and combines the functions of a developer, investor and general contractor. The company is engaged in the construction of comfort and economy class housing. The developer's residential complexes are mainly located on the border of St. Petersburg and the Leningrad region. The development company Normann uses several construction technologies: monolithic brick, monolithic and.
To date, the company’s track record includes 11 completed projects, including the Nevskaya Vertical residential complex, Two Captains, Excellent, and the Kolomyagi-Briz club house.
2. Information about the founders and authorized capital
Developer LLC Norman-Holding, Taxpayer Identification Number 7802387972. Year of foundation: 2007.
The founder is:
Smirnov Vladimir Ivanovich (100%).
The authorized capital is 10,000 rubles.
3. Construction projects
Currently, the developer Norman is building seven residential complexes in St. Petersburg and Leningrad Region, for the construction of which he uses different legal entities. These companies have an authorized capital of 10,000 rubles, and the founder (except for NJSC ISG Norman and LLC Norman-Zapad) is LLC Norman-Holding.
- Residential complex "Desyatkino" (LLC "Normann", management company 10,000 rubles) in the Vsevolozhsk district - the 1st stage was commissioned in December 2016, the delay was 1.5 years, but suddenly at the beginning of January 2017 permission to commission one building was given revoked; The deadline for the 2nd stage has been postponed from the 4th quarter. 2015 for the 1st quarter. 2018 – the delay will be more than 2 years;
- Residential complex "Three Oranges" (LLC "Normann-Center", management company 10,000 rubles) in the Vyborg district - the 1st stage was commissioned in December 2016, the delay was 1 year; The deadline for the 2nd stage has been postponed from the 1st quarter. 2016 for the 1st quarter. 2018 – the delay will be 2 years;
- Residential complex "Desyatkino 2.0" (LLC "Normann-LO", management company 10,000 rubles) in the Vsevolozhsk district - the delivery date for the 1st stage has been postponed from the 4th quarter. 2016 for the 2nd quarter. 2018 – the delay will be 1.5 years; The deadline for the 2nd stage has been postponed from the 1st quarter. 2017 for the 1st quarter. 2019 – the delay will be 2 years;
- Residential complex "On Zarechnaya" (NJSC "ISG Normann", management company 10,000 rubles) in the Vyborg district - the delivery date of the 1st stage has been postponed from the 1st quarter. 2016 for the 4th quarter. 2017 – the delay will be almost 2 years; The deadline for the 2nd stage has been postponed from the 4th quarter. 2017 for the 4th quarter. 2019 – the delay will be 2 years;
- Residential complex "Izhora Park" (LLC "Normann-Yug", management company 10,000 rubles) in the Kolpinsky district - the 1st and 2nd stages were completed on time; The 3rd was completed in the 2nd quarter. 2016 with a delay of six months; The deadline for the 3rd stage has been postponed from the 4th quarter. 2015 for the 3rd quarter. 2017 – the delay will be 1.5 years;
- Residential complex "Yarkiy" (LLC "Normann-LO", management company 10,000 rubles) in the Vsevolozhsk district - the delivery date of the 1st stage has been postponed from the 4th quarter. 2017 for the 3rd quarter. 2018 – the delay will be more than six months; The 2nd stage is planned for delivery in the 4th quarter. 2019;
- Residential complex "Moroshkino" (LLC "Norman-Zapad", management company 10,000 rubles) in the Vsevolozhsk district - the delivery date for the 1st stage has been postponed from the 1st quarter. 2017 for the 3rd quarter. 2018 – the delay will be 1.5 years; The 2nd stage is planned for delivery in the 4th quarter. 2019
On the forums of shareholders there are enough negative reviews about Norman as a developer, due to the failure to meet construction deadlines. In November 2016, the company delayed the delivery of 13 houses, which are being built with the money of 6 thousand shareholders. At the same time, the company positions the postponements as honesty with customers, as reported in an interview with Fontanka. It is better to buy apartments in developer projects at a high stage of readiness, rather than at the foundation pit stage. Nevertheless, living space is in demand because... prices for apartments from Norman are in the low price category.
4. Financial indicators.
The developer "Normann" submits financial statements to Rosstat, so it seems possible to analyze the financial performance of the developer for the period 2014-2015. The financial results shown allow us to draw a number of conclusions about the developer.
Revenue and profit
Revenue is very important for understanding the financial situation of a company. The revenue of 4 out of 6 legal entities shows a tendency towards a sharp decrease (a drop of more than 72%). Indicators for developers in the Desyatkino residential complex and the Izhora Park residential complex, on the contrary, have improved. Perhaps this allowed Norman to commission the 1st stage of Desyatkino in 2016 and not postpone the deadline for Izhora Park.
The developer showed a positive net profit from 2014 to 2015. For half of the development companies, net profit decreased by almost 2 times compared to 2014. Thus, the financial situation in the company can be characterized as unstable, although judging by the latest data, the company is not operating at a loss. In terms of net profit, the Izhora Park residential complex again has the best results.
Accounts payable and receivable
The ratio of accounts payable and receivable over all these years cannot be called favorable for the company. Accounts payable overall decreased by 10%. The growth of the “creditor” for 4 out of 6 developers, which indicates that the company needed additional funds for construction.
Accounts receivable as a whole increased by 5% compared to 2014, which means the developer is not receiving the full amount of funds associated with deferred customer payments. This applies to the residential complex “Na Zarechnaya”, the residential complex “Desyatkino 2.0” and the residential complex “Yarky”. Accounts receivable prevail over accounts payable, forming a surplus balance. It is worth noting that the optimal balance is between accounts payable and receivable.
Borrowed funds
For construction, the developer needs a strong leverage of attracted (borrowed) funds. The volume of long-term borrowed funds showed a downward trend (-71%), while the volume of short-term borrowed funds increased by 77% over the past year.
The structure of borrowed funds is dominated by short-term ones. This predominance in the structure of borrowed funds is a negative fact that characterizes the deterioration of the balance sheet structure and an increased risk of loss of financial stability.
As can be seen from the above data, the subsidiaries of Norman-Holding LLC are now going through difficult times. A decrease in net profit, an increase in accounts payable and short-term borrowings indicate an increase in the risk of loss of financial stability. The shift in delivery dates for 13 houses is a consequence of the unstable financial situation of the developer.
5. Accreditation of facilities in banks.
Residential complexes of the Norman company are accredited by the following banks of Russia:
- Sberbank
- Bank "St. Petersburg"
- Opening
and others.
The developer's partner is PJSC Donkhlebbank.
6. Court cases.
The developer has accumulated a sufficient number of court cases.
Among the latter it is worth noting:
December 2016: plaintiff Committee of Property Relations of St. Petersburg for the recovery of 6.3 million rubles. rent arrears from Norman-Yug LLC;
January 2017: plaintiff Lenstroymaterialy Technostrom JSC for the recovery of 3.5 million rubles. with Norman-Stroy LLC;
January 2017: plaintiff Ariel Metal JSC for the recovery of 5.5 million rubles. debt and 1 million rubles. penalties with LLC Norman-Stroy and NJSC ISG Norman.
"Norman" acts not only as a defendant, but also as a plaintiff. In October 2016, the company filed a claim against three individuals to protect business reputation. The fact is that information discrediting the Norman company was published online. The developer demanded to refute the information by removing it from the Internet and to compensate for the damage caused. The amount of the claim was 343 million rubles. In December 2016, the Arbitration Court returned the statement of claim to the applicant due to non-compliance with the claim or other pre-trial procedure.
