Forbes publishes list of Russia’s most expensive land properties
20 major landowners own almost 8 million hectares of Russia’s territory.
Forbes has published a rating of 20 most expensive land properties in Russia. Forbes notes that entrepreneurs, financiers and other wealthy Russians had earlier bought lands for real estate and now they are used “for the intended purpose.”
The cost estimate was carried out on the basis of the open source data related to buy and sell or an average cadastral value of a hectare adjusted for 1.38 coefficient, as well as a research report made by a company Sovekon. Land properties of a company Agrocomplex named after N.I. Tkachev founded by a father of an ex-Minister of Economy Aleksander Tkachev were ranked 1st. The company owns 649 thousand hectares worth of 68.5 billion rubles (more than $1 billion). The land properties are located in Stavropol, Krasnodar and Rostov regions, as well as in Adygea. Agrocomplex comprises 60 horticultural, cattle-breeding, and crop-growing enterprises.
Agro-holding Step owned by Vladimir Evtushenkov was ranked 2nd. Step owns 412 thousand hectares in 3 regions worth of, according to the magazine, 45.6 billion rubles ($709 million). Land properties of a manufacturer of corn and oil crop of RZ Agro (Step owns 50 per cent of it) were considered at calculations.
Aleksander and Viktor Linnikov’s Miratorg was ranked 3rd. The company owns 1 million hectares of land properties in 8 regions. Miratorg became the space leader, however its properties are worth of only 45 billion rubles ($700 thousand) due to the fact that the land in the Central Federal District is cheaper. Consulting company BEFL had earlier named Miratorg the most major owner of farmlands.
Igor Khudokormov’s Prodimeks (892 thousand hectares worth of 39.4 billion rubles) and Andrey Korovayko’s Pokrovsky concern (240 thousand hectares worth of 31.2 billion rubles) are also in the top five.
Altogether, the participants of the list own 7.87 million hectares of Russia’s agricultural lands worth of 471.7 billion rubles ($7.3 billion).