MIC (organization)

MIC Group is a Moscow-based construction organization comprising a number of property development, construction and real estate companies. It specializes mainly in housing construction and has a portfolio of over 2.5 mln sq m of property development projects.[1][2]

MIC
IndustryDevelopment
Construction
Founded1999
HeadquartersMoscow, Russia
Key people
Andrey Ryabinskiy (chair of the board of directors)
Websitewww.gk-mic.ru

Founded in 1999 as a real estate company, LLC "Moskovskiy Ipotechny Centr – MIC" moved into the investment and property development sector in 2001, when it became a co-investor in a number of Moscow housing projects.[3] Its first completed project was a group of apartment blocks in Krasnogorsk. In 2013, RBC Rating named MIC as the second biggest property developer in Russia by construction volume.[4]

In 2000, MIC Group had a turnover of 1.1 bn rubles, which increased to 1.6 bn rubles in 2007, 20 bn rubles in 2012, and 49 bn rubles in 2014. Its debt burden is 1.5–2 bn rubles.[5]

In 2017, MIC Group announced plans to invest 28 bn rubles in the construction of over 700,000 sq m of housing in "New Moscow". As a result, on the basis of its current asset pool, MIC has a land bank of almost 6 mln sq m of real estate.

In 2019, MIC was ranked 14th in the rating of the most reliable Russian developers according to Forbes.[6] He was also included in the rating of the 500 largest companies in Russia in terms of revenue, according to RBC.[7]

In July 2019, MIC became the first development company to completely switch to sales using escrow accounts.[8]

In 2020, LLC "GC" MIC "was included in the updated list of systemically important companies, approved by the government as part of measures to support the economy due to the coronavirus pandemic.[9]

References
  1. Девелопер МИЦ укрепляет позиции в старой Москве // «Ведомости» 24.10.14
  2. МИЦ займется Балашихой // «Коммерсантъ» 02.04.2015
  3. Группа компаний МИЦ отметила 12 лет // 1rre.ru 10.11.2011
  4. Крупнейшие строительные компании России по итогам 2012 года // «РБК Рейтинг»
  5. «Люди покупают квартиры, потому что устали уходить в доллары» // «Ведомости», 18.11.2014
  6. 20 самых надежных застройщиков страны. Рейтинг Forbes // forbes.ru
  7. РБК представляет 500 крупнейших по выручке компаний России // РБК
  8. Девелопер МИЦ полностью перешел на эскроу-счета во всех проектах
  9. "Новый перечень (список) системообразующих предприятий в 2020 году в России" (in Russian). Журнал «Главбух» - практический журнал для бухгалтера. 28 April 2020. Retrieved 10 May 2020.
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