Regens Magazine (ENG), No.3 / July-August 2020

REGENS MAGAZINE issue 03 | summer 2020

by Regens International Copyright 2020

Our story is in the unbeaten paths we have travelled...

...in the stormy horizons we have challenged.

Credits: for the photos and/or graphic design contributions contained in this issue special thanks go to Seozzy (Alessandro Davia) and to Unsplash website.

Introductory message

Alessandro Alessio Regens International, Founder

Dear readers, I am delighted to present to you the third issue of our magazine dedicated to the world of real estate.

In the pages to follow you’ll find a selection of our listings ranging from Russia to Italy, from the Czech Republic to France.

Among the extra contents contained herein allow me to introduce: an interview about Prague property market as well as the presentation of a new exciting project being developed in the heart of France, offering fractional- and full-ownership opportunities for sale with the leaseback formula (with guaranteed returns).

As always, do not hesitate to contact us for requesting additional information or for leaving us your requests.

While wishing you to enjoy your reading, allow me also to wish a great Summer to you and your beloved ones!

Yours sincerely, Alessandro Alessio a.alessio@regens-international.com www.regens-international.com

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Table of contents Featured topics: Property of the month - The «Manor in the green»

5 — real estate in Russia

Properties in Moscow Properties in St.Petersburg Properties in the regions

— International real estate

Featured listing: Apartments with guaranteed returns in new golf & spa resort in the heart of France Residential properties on the seaside Focus on the Czech Republic Market insight: «Prague property market, trends and forecasts» Hotels for sale in Italy Restaurant businesses for sale Hotels for sale internationally Featured property - «The Palace on the Neva river»

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6 8 9

10 12 13 14 16 17 18 19

Property of the month

A

n ancient manor close to Milan and Lake Garda.

A majestic treasure of rare beauty.

A wonderful fairy-tale immersed in the green.

The Manor in the green For further information click > here

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Properties in Moscow

Moscow, Bolshaya Nikitskaya

Premises of 140 m2 for offices/showroom.

Monthly rent: 240,000 RUB/month.

Link > here

Moscow, metro Sokol

Ground-floor premises of 120 m2 for showroom, office, clinic. Rent: 195.000 RUB/month Link > here

Moscow, metro Technopark

Move-in ready offices (50, 80 or 100 sqm) in class ÂŤB+Âť office building.

Link > here

Moscow, near Chistye Prudy

Restaurant premises for rent on Pokrovka.

Link > here

Moscow, metro Dmitrovskaya

Duplex office for sale with tenants as an income-producing investment.

Link > here Regens Magazine 03/2020 www.regens-international.com

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Kuznetsky Most

Luxury residences for sale in early 20th-century building under restoration in pedestrian area.

Information > on application

Nikitsky boulevard

Large apartment for sale in renovated historic building.

Link > here

Moscow-City

Apartments and offices for rent or sale.

Information > on request

Komsomolsky Prospekt

Showroom premises of 187 m2 for rent.

Rent: 700,000 RUB/month.

Link > here

Krasnopresnenskaya surroundings

Office/showroom premises of 350 m2 for rent.

Asking price: 630,000 RUB/month.

Link > here

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Properties in St.Petersburg

<<<

Malaya Konyushennaya

Premises for sale (5224 m2) in historic building in pedestrian street.

Information > on request

Central district

Land plot with permit in place for the construction of a 4-star hotel.

Information > on application

St.Petersburg

Offices for rent in all city districts.

Information > on request

Nevsky Prospekt

>>>

Spaces for rent in historic shopping gallery.

Link > here Regens Magazine 03/2020 www.regens-international.com

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Immobili nelle altre regioni in Russia

Volgograd

Duplex commercial premises (ca.1000 m2) for sale in top location.

Link > here

Kazan

>>>

Commercial building (ca.2000 m2) for sale in pedestrian high street.

Link > here <<<

Krasnodar

Early 20-th century semi-detached building for sale in prime location.

Link > here

Astrakhan

4-star hotel for sale in beautiful historic building.

Information > on request

Kazan

3-star hotel for sale in the city center.

Link > here

Sochi, Adler

>>>

Small hotel (12 rooms) 100 metres to the beach.

Link > here

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Featured listing

Halcyon Retreat

Apartments with guaranteed returns in new golf &spa resort in the heart of France This time we would like to present a very exciting new development which is taking shape in the Limousin region of France. To learn more about this project we had a chat with Tracey Wheatley, Senior business partner manager of the company-developer and investor.

Q - Hello Tracey, how would you describe in 5 words «Halcyon Retreat» project?

A - Safe, secure, enjoyable, profitable and hassle free Q - Could you tell us in brief about what is this project about?

A - This resort is an outstanding destination resort where families will reconnect together on special holidays in beautiful surroundings. The opulent turreted chateau spa and 18-hole golf course will be the key attractions along with over 60 facilities for all to enjoy. We own over 1 million square metres of land and have full planning for over 300 apartments. We have signed a 20-year contract with the world’s largest hotel group ‘Wyndham hotels’ which provides us with their client-based booking system of over 69 million active loyal travellers worldwide. Our partnership with Wyndham will ensure maximum marketing exposure, occupancy, and room rates as well as locking in brand standards.

As the developer, we are selling the properties with Freehold title and fully managing the property for the clients with a long term fixed rental contract. We also offer assured resale options from year 5 giving the owners added confidence in a later exit from their purchase.

In a nutshell, this is a safe, secure, profitable and fully managed way of owning a beautiful holiday home in France.

Q - Why France and why specifically this part of the country?

A - France is the most visited country in the world, famous for being a country of romance and culture. The Government pay initiatives for tourism properties and there are fantastic transport links. We own over 1 million square metres of land in the Limousine region of France. This is an area of outstanding natural beauty and known as the «land of a thousand lakes». Due to the excellent transport links and rural location, if is perfect for a destination resort location. It is well located to the ancient and modern city of Limoges with an airport and only 5 minutes from the local train service linking travelers directly to Paris.

Q -What sorts of amenities do you plan to create and in how long will the whole community be fully functioning?

A - We have over 60 facilities being created including an 18-hole golf course and a unique 16th century luxury chateau spa. There will be activities for all the family including a huge indoor Aqua park for all yearround fun, fishing, walking trails, restaurants, team sports. The resort should be fully functioning mid-2022.

> > >

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Q - What can be bought in your project with 50,000, 100,000 and 200,000 EUR respectively?

A - We offer a range of purchase options to suit varied budgets and requirements. Our prices range from 17,230-96,000 Euros for our co-ownership of the title deed and from 224,000 (including the TVA) for full ownership. The TVA can be reclaimed in full.

42,230 EUR for a 13th fraction of a 2-bedroom apartment 96,000 EUR for a 13th fraction of a 4-bedroom luxury Forest villa with games room & terraces 224,000 EUR for full ownership of a studio apartment (186,667 net after TVA reclaim) We have options up to 1,250,000 EUR Q - Is it possible to buy an apartment there and use it as a permanent place of residence, or the units are offered only as a leaseback investment with guaranteed returns?

A - The resort is offered as a leaseback investment with a long term fixed rental guarantee. The owner also has personal usage included in the rental deal. Owners benefit from a 20% TVA cashback as part of the Government lease back incentive. If someone wanted to purchase a property and not include it in the rental scheme, then they would not qualify for the 20% refund or the long-term rental returns, so there would not be the same benefits.

Q -What are the offered returns? Is there an assured exit option?

A - 5% for the first year paid in advance; 6% for years 2-6; 8% for years 7-11.

Returns quoted are net of maintenance costs Option to renew the rental contract for a further 9 years Assured resale option from year 5 at 125% of the original purchase price Assured resale option from year 10 at 150% of the original purchase price.

Q - Can foreign nationals buy without any limitations whatsoever or there are any restrictions?

A Yes, with no restrictions

Q - Where are you had also A - All over the Europe. We have very familiar with This opportunity

your buyers usually from? Have many local/domestic purchasers? world but increasingly from central a lot of French buyers as they are the location and the buying process. is open to anyone worldwide.

Q - What are the estimated costs and taxes that the future owners should consider when buying a property in your project?

A - There is a 3% notaire fee to add to the cost of full ownership prices.

All prices include furniture and the returns advertised are net of maintenance costs If a client purchases a fraction or a full property through the fractional route, then there are no accounting fees If a client purchases a full unit through VEFA there would be an annual accounting cost applicable.

Our sales consultants can advise on the best option to suit the clients needs. Income tax on profits from rental will vary depending on the route the client chooses so we can provide examples and the best route to make this the most tax efficient.

Q - Will the services and amenities of the resort be free-of-charge for the owners and their guests, or will they be available on a pay-per-use basis?

A - Owners will benefit from a 25% discount off non third-party facilities excluding food and beverages.

There are many activities which will be free such as the walking and biking trails, outdoor pool etc.

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Residential properties near the sea

Sardinia, Nebida

Clifftop house calling for renovation with private access to the beach.

Link > here

Croatia, near Savudrija

Apartments for sale in new seafront building.

Link > here

Croatia, near Umag

Semi-detached seaside house for sale.

Link > here

Croatia, Island of Korcula House with direct sea access.

Link > here

Trieste, Italy

Villa with pool and direct access to the sea.

Link > here Regens Magazine 03/2020 www.regens-international.com

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Focus on the Czech Republic

Restored building, Prague 1

Last apartments for sale; prices from 200,000 EUR. Link > here

Art Nouveau building, Prague 2

Last units for sale starting from 188,000 EUR. Link > here

Building under restoration, Prague 7 Prices starting from 200,000 EUR. Information > on request

Marianske Lazne (Marienbad)

Boutique-hotel for sale in historic mansion.

Link > here

>>> Building for renovation, Prague 1

Additional information and price > on request

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Market insight

Prague property market, trends and forecasts There are not many cities in Europe that can boast Prague’s popularity both as a tourist destination as well as in terms of property investments carried out by foreign individuals and corporations.

It must be because of its strategic location just a few hours’ drive from Munich, Vienna and other Eastern European capitals. It must be also thanks to the large number of low-cost direct flights connecting the city with almost every corner of the continent (and beyond). It must probably be also and above all because of Prague’s unique and unrivalled atmosphere, making it a genuine emblem of «Mitteleuropa».

The first boom in the real estate market in the Czech Republic took place between 1998 and 2003: during this period average house prices in the country rose by more than 60%, also in anticipation of the country’s entry into the EU in 2004.

This was followed, though, by years of partial stagnation due to the fact that the Czech Parliament had decided that also EU citizens not residing in the Czech Republic were not allowed to buy property for a transitional period of 7 years.

After a brief upturn (in the years 2006-2008) the impact of the global financial crisis took its toll and average prices fell slightly. Only since 2014 has there been a real recovery and in the following years an average annual growth of 5% with peaks of more than 10% after 2016 was recorded.

And what’s Prague’s property market like right now? We exchanged a few words on the subject with Rostislav Petchenko, managing partner of Gartal development, a construction company boasting a long-running track record of both new developments and renovation projects of historic buildings in the heart of the city.

Rostislav Petchenko

Q - What have been the property price trends in Prague like over the Managing partner last 3 years? What is the average price range now in the city centre?

Gartal Development, Prague A - For the last 3 years real estate prices in Prague have been growing on average 15% per year. This is due primarily to high demand and lack of new housing solutions. With regard to apartments in the city center, prices range between 5 to 8 thousand euros / m2.

In some projects prices may go up to 9-11 thousand euro/m2.

Q - What one can buy nowadays in Prague (and in which areas) with 100,000, 150,000 and 200,000 Euros respectively?

A - For 100,000 Euros you can buy a studio or one-room flat of up to 25 m2 on the outskirts of Prague.

The storage and parking place will cost you about 15,000 EUR additionally.

For 150,000 Euros you can buy a studio or one-room flat (up to 25 m2) in the city center or in districts with well-developed infrastructure (subway station, shopping centers, etc.) or a small (up to 50 m2) two-room apartment farther away from the centre.

For 200,000 Euros you can buy a spacious one-room apartment (35 m2) in the city center or in the districts of Prague 5, 7, 8 with good transport connections and infrastructure. Basically with this budget one could find also a two-room apartment of up to 60 m2 in almost any district of Prague, except for the center.

It all depends on infrastructure, transport connections, quality of the renovation and other extra features (balcony, basement, parking, etc). >>> Regens Magazine 03/2020 www.regens-international.com

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Q - What are the average rental prices which could be expected for long-term rent of one-, two- and threeroom apartments respectively in the center (not luxury)?

A One-room 600 euros per month.

Two-room 750 euros per month Three-room 1 000 euros per month The above mentioned rental rates would be inclusive utility bills.

Q - In which areas of the capital (among the most «underrated» to date) do you expect the most interesting growth in real estate prices in the coming years? And why exactly in these areas?

A - In my opinion, the most promising areas as of today are: - Globetin, Palmovka (Prague 9) - districts that have been changing their looks in recent years, where empty or obsolete sites and former industrial zones are being redeveloped into new interesting projects; Sporzhilov, Chodov, Zabeglice (Prague 4) areas with lots of green areas and excellent infrastructure, where new residential and commercial projects are gradually being built; - Nusle (Prague 4) - next to one of Prague’s most expensive neighborhoods (Vinohrady), but the housing prices here are still very reasonable.

Q - As far as I know, one of the most popular investment options on the local property market are the so-called «atelier». What are the differences between these properties and «traditional» apartments?

A - «Ateliers» look like ordinary apartments however, due to their not complying with certain technical requirements, they cannot be registered at the Cadastral office as residential premises. As a result, unlike «ordinary» apartments, one can not register his/her domicile in these premises.

Q Are there any restrictions for foreigners willing to buy real estate in the Czech Republic?

A - There are no restrictions - a foreigner has the right to purchase any real estate on the territory of the Czech Republic.

Q Do Czech banks finance the purchase of real estate by foreigners or non-residents?

If not, are there any alternative financing options available to foreign nationals?

A - Since October 2019, Czech banks can issue loans only to foreigners with a residence permit in the country. Following the introduction of this restriction an alternative financing «product» has emerged, which is today the only way to obtain financing for the purchase of real estate for a non-resident. This is made via a leasing. The leasing company acquires the property chosen by the client and the latter commits to pay it off by monthly installments. The client is entitled to use the property either for his/her own personal purposes or to rent it out to third parties. Once the financial obligations have been fully paid off to the leasing company, the client becomes the sole and full owner.

The main advantage of this type of financing is that the leasing company does not require the buyer to have either an income in the Czech Republic or a permanent residence in the country.

Q - What are the typical yield expectations in terms of rental returns for apartments or commercial premises in Prague?

A On the average residential properties offer a yield of less than 5% per year.

With commercial properties this figure is slightly higher (4-6% per annum), but also the «entry level» of the investment is comparatively higher. Besides, small cheap premises are usually not very profitable and are poorly rented.

Q - What are the additional costs that a buyer should consider when purchasing property in the Czech Republic? When buying from a developer, VAT is usually included in the price or is to be paid additionally?

A - In case of purchase of apartments from developers VAT and other costs (stamp duties, etc.) are already included in the prices.

As far as re-sales are concerned the costs should not exceed 4% of the value of the property and include agent’s commissions (in some cases they are included in the price of object), legal fees and checks, stamp duties, etc.

Q - What is the tax rate applicable to rental incomes in the Czech Republic?

A - Income is taxed at the rate of 15% for individuals and 19% for legal entities. Owners are entitled to some deductions in certain cases.

Q How much could the property tax on an apartment in the centre of Prague cost approximately per year?

A - The property tax in the Czech Republic is very low. For example, for a 50-sqm apartment in Prague the owner should expect to pay up to 2,000 Czech korunas per year (75 EUR).

Alessandro Alessio

a.alessio@regens-international.com

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Hotels for sale in Italy

Venice province

Elegant historic hotel located at a 20-minute drive to Venice Link > here

Riviera Romagnola

Family-run hotel a few steps away from the beach. Listing price: 720,000 EUR Link > here

Elba Island

Tourist complex for sale.

Link > here

Calabria

Hotel with 90+ rooms for sale.

Bargain price: 3,000,000 EUR negotiable.

Link > here

Dolomites, near Cortina

Family-run hotel for sale close to the ski slopes and to Cortina dâ&#x20AC;&#x2122;Ampezzo.

Link > here

Regens Magazine 03/2020 www.regens-international.com

Bibione, Venice

4-star hotel close to the beach.

Link > here

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Restaurant businesses for sale

Marbella, Puerto Banus

Restaurant business for sale in Puerto Banus.

Link > here

Mallorca

Very well-established restaurant with international customer base.

Link > here

Nice, French Riviera

Restaurant business for sale in Nice, Le Carrè dâ&#x20AC;&#x2122;Or. Link > here

>>>

<<<

Florence, historic center

Restaurant business for sale just steps away from Piazza della Signoria and Palazzo Vecchio.

Additional information > on request

French Riviera

Seaside restaurant business in internationally-acclaimed tourist resort.

Link > here >>>

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Hotels for sale internationally

Opatija Riviera, Croatia

Small beachfront hotel for sale.

Link > here

Kotor Riviera, Montenegro Seaside hotel for sale.

Link > here

Bali, Indonesia

Small beachfront resort for sale.

Price: 2,500,000 USD. Link > here

Island of Krk, Croatia

>>>

Seafront hotel calling for thorough restoration.

Link > here Regens Magazine 03/2020 www.regens-international.com

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Immobile in evidenza

Astonishing historic complex with luxury hotel in the heart of Saint Petersburg.

THE PALACE BY THE NEVA RIVER

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Additional information > here

Regens Magazine 03/2020 www.regens-international.com

a.alessio@regens-international.com www.regens-international.com

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