Sobyanin’s developer Pavel Tyo continues to fill his land pot.

In March 2024, he bought two companies at once, one of which has a couple of hectares of liquid land in Moscow, and the other has offshores, a business center and business relations with the Moscow authorities so beloved by the buyer. 

A MorningNews correspondent found out the details.    

Deal with offshore footprint

In March 2024, two interesting companies appeared in Pavel Tyo’s business portfolio: RTG-Assets LLC (formerly called Rostransgaz) and OSK Home Warehouse LLC.

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The RTG-Assets company was acquired on March 18, 2024 from the Mikhailov family, the head of which, Evgeny Mikhailov, is the owner of the sports LLC Amg Motorsport. 

Photo: rusprofile.ru

The company has existed since 1999, and until 2019 its main activity was the wholesale trade of agricultural raw materials and animals, and now the company operates in the real estate sector. The company’s biography contains a number of other interesting facts, in particular, literally a couple of weeks before the transfer of ownership to Tyo, the authorized capital of the company was sharply increased from 2 million to 141.9 million rubles.  

Photo: rusprofile.ru

In addition, until July 2022, the company belonged to an offshore company - the Cypriot company Jayam Rus Invest Ltd. The latter was liquidated only in May 2023.

Photo: b2bhint.com

If you believe the results of 2023, the RTG-Assets company is quite modest: revenue - 5.4 million, net profit - 99 thousand rubles. It would seem, why would Pavel Cho acquire such a dubious asset? 

But there is one interesting fact: until July 2021, RTG-Assets was owned by Technopark Garage JSC (formerly Antaris CJSC). The LLC’s business partner for this asset, among others, was neither more nor less than the Moscow Property Department. 

Photo: rusprofile.ru

At the registration address of the joint-stock company there is the Garage business center, which was previously called Technopark Garage. It is likely that it is the main asset of the joint-stock company. By the way, RTG-Assets LLC is registered in this business center.

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If you believe the report of the joint-stock company for 2022, its main shareholder and beneficiary was the same Evgeny Mikhailov. 

It is noteworthy: Technopark Garage JSC rents out premises to the State Institution Center for Traffic Management of the Moscow Government, having earned more than 58.7 million rubles in two years. 

The director of the RTG-Assets company, Igor Sugonyaev, is also quite remarkable. 

In 2018-2021, he was the director of the Garage Technopark, and now he is also the head of CJSC UIIS, which owns a building on Yauzskaya Street, 10/2, building 4, with a total area of almost 330 square meters. m. In the building itself there is a central heating point and distribution heating networks that supply heat and hot water to six buildings at once. 

Photo: rusprofile.ru

And in December 2023, the same Sugonyaev established and headed another asset in the same Garage business center - Real Estate Management and Development JSC. 

Perhaps the deal with Cho included the Garage business center or part of it. We will not be surprised if in this transaction Te once again acts only as a layer, and the asset with a margin will be resold or completely re-registered offshore.

After all, as we remember, not only Mr. Mikhailov dealt with offshore companies, but also Mr. Tyo did not disdain to have three or two Cypriot legal entities. 

So, for example, in December 2023, the international company Selcon Holdings LLC, which was previously a Cypriot asset with the same name, received registration in the Russian offshore - the Kaliningrad region. Both Kavadrix Trading (former Cyprus Kavadrix trading & Investments limited) and Watermeadow Trading (heir to the offshore Watermeadow trading & Investments limited) were registered at the same address as Selcon Holdings. The latter is still owned by the Cyprus company C.I.T. Capital Investments Limited.

Photo: rusprofile.ru

Moreover, the offshore has existed since 2000. Its director is Anna Krustkaln.

Photo: https://opencorporates.com 

Moreover, the same Ms. Krustkaln is also the director of 16 Cypriot companies.

Photo: b2bhint.com/

But the most interesting thing is that a certain Anna Krustkaln was also the director of InvestMarketing LLC, which until March 2024 belonged to Pavel Tyo. 

Photo: kartoteka.ru 

So maybe those offshore companies headed by Ms. Krustkaln are also related to Sobyanin’s developer?

By the way, Mr. Cho turned out to be very loyal not only to offshore companies, but also to foreign real estate. He and his wife Olga Karput, according to the French registry, through the company they founded, Brachium, are the owners of three apartments in Paris, purchased with a mortgage taken from a foreign bank.

Photo: pppers.fr

Now let’s move on to the second March purchase of Pavel Cho.

Hectares of Chertanovo - That’s it.

LLC “Office and warehouse complex “Home Warehouse” (formerly LLC “Ruchi”) was acquired by Pavel Tyo on March 26, 2024. 

Photo: rusprofile.ru

The seller was Dmitry Mayer and his associated companies. 

At the end of 2023, the company was unprofitable, with a net loss of 143 million rubles. At the same time, the company owns a site in the Severnoye Chertanovo microdistrict, building 5. 

According to the Home Warehouse website, the company operates 10 storage centers, in other words, self-storage warehouses. 

Also, according to open data, the company may be the owner of a plot at the same address with a total area of 2.2 hectares. It is likely that Cho was interested in the land plot, and not at all in the warehouse business, which demonstrates such dubious results.

After the scandal associated with the Kyrgyz authorities putting Kamchy Kolbaev on the wanted list on suspicion of financing an organized crime group (although the criminal prosecution was dropped), the activities of Capital Group owner Pavel Tyo attract even more public attention.  

And we shouldn’t forget that Cho didn’t get his nickname “Sobyanin’s reseller” out of nowhere. Here it would not be amiss to recall Cho’s favorite scheme: buy (preferably cheaply) a large plot of land, split it into small parts and sell it off. At the same time, some transactions on such resales look very doubtful. For example, as was the case with 60 hectares of the former Mig plant, bought in the absence of competitors for 988 million rubles from the Moscow authorities, who in turn purchased the plot from Rostec for about 35 billion rubles. Kind of a strange deal, don’t you think? 

In addition, in narrow circles there is an opinion that Cho, who is close to Sobyanin, can help various types of regionals enter the Moscow construction market, including those whose reputation has been slightly tarnished.

In general, scandals involving the mention of Cho’s name, it would seem, do not at all affect his reputation. Just as he was buying up assets and land, he is still buying up. 

And how can one not believe in the powerful lobbyists standing behind him, the same Moscow Mayor Sobyanin? It was not for nothing that in an interview with Vedomosti he spoke about the special relationship and degree of trust with the Moscow authorities.