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Four seasons – the prelude

Tomasz Cudowski 03 April 2020

Tomasz Cudowski

Journalist

+48 22 356 25 23
tomasz.cudowski@eurobuildcee.com

Tomek graduated from the faculty of modern languages at the Adam Mickiewicz University in Poznań, where he also started his journalist career in the late 1980s. He has worked in the real estate press since 2005, covering the residential market for ‘Eurobuild CEE’ magazine as well as the new technologies and property management sectors. Sometimes he can be heard on Polish Radio 2, where he reviews the press on the morning programme. At other times he can be seen in the Bieszczady or Beskid Niski mountains, where he enjoys rambling with no fixed purpose or destination in mind.

Four seasons – the prelude
The entire estate should take 3.5 years to complete

BELARUS Tenkinvest has started construction of the 4 Sezona [Four Seasons] residential estate in Minsk. As the Belarusian currency is vulnerable to rapid devaluation, the developer has frozen the apartment prices in rubles.

4 Sezona is situated in the north-eastern part of Minsk in the Sovetskaya district, near the Cnianskoe reservoir. Four 16-storey blocks, a shopping centre with a car park for 300 vehicles and green areas are to be developed on the plot of a former estate of wooden houses.

In each apartment building there will be a relaxation area with a mini library, toilets and water and coffee vending machines. Concierge services, pram storage rooms, bicycle parking areas and free rental of electric scooters are also to be provided.

The buildings will have ventilated façades with textured concrete. Special baskets for air conditioners and night lighting are to be installed on the façades. The apartments themselves will have panoramic loggias and French windows.

Prices for unfitted units amount to around RUB 3,100–3,200 per sqm. Over the last two weeks, the value of the Belarusian ruble has fallen from BYN 2.25 to more than BYN 2.6 against the US dollar, as a result of which property prices have increased as well as the interest on loans in the local currency.

“We have frozen the exchange rate at the level of RUB 2.5 per dollar, which will allow our clients to minimise the exchange rate risk of purchases,” comments a representative of Tenkinvest.

Around 50 pct of the apartments have been sold in the first building, which should be ready in March 2021. The construction of the entire project will take around 3.5 years.



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