Restaurers' private opportunities // Stroitelny Ezhenedelnik N 662 - 06.07.15.

There is almost no available land for construction in the centre of Saint-Petersburg. For supply enlargement in historical construction areas restoration is the only option available for investors. Restaurers' role ought to rise in the coming years as the majority of property is protected against removal.

Evgeny Druzhinin, the Head of "Real Estate and Construction" practice at Maxima Legal, clarified the legal difference between a cultural heritage object (historic and cultural monument) and a historic building in the context of the City of Saint-Petersburg. Another matter brought to light by Evgeny was the substantial difference in the amount of paperwork and permits needed and qualifications demanded from the restaurer depending on either property type. 

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