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Local Firms Win Prizes at Real Estate Awards.

26.02.2008

St. Petersburg developers, consultants, architects and engineering companies were honored Friday in Smolny Cathedral at the Commercial Real Estate Awards. Praktis CB was a sponsor of the CRE Awards. It was the first time the event has been held in the city.

Out of the 50 local projects submitted for the award this year, the winners were those who received the most votes from 200 market experts. “In my opinion, St. Petersburg is a huge depressing area that we are heroically trying to develop, and contemporary architectural solutions leave much to be desired. I really hope that in the future it will not be enough to construct a box out of sandwich-panels to be nominated for an award,” Vodopianov said.Other experts were less critical of local developments.“All of St. Petersburg might be considered ‘depressing’ if you compare it to central London or Paris or San Francisco. But it’s not East Germany either. It’s just a bit slower in getting ‘modernized’ than other cities,” said Val Jerdes, advisory director at Praktis Consulting & Brokerage.In the future, Jerdes expects local developers to embark on more interesting projects.“The next few years will produce some great projects that are worthy of nominations, and the effect of such contests of raising the general standards of developers, consultants and projects will definitely be appreciated by investors and consumers,” he said.