About the complex
The Russian Europe Ecoquarter will consist of 6 residential complexes and an educational cluster built on the principle of “slow city”. The total area of the quarter is more than 20 hectares. The project is designed for 7-10 years and will be implemented by 2030.
The first complex of the Ecoquarter is called the Address of Happiness and consists of 5 residential buildings for 641 apartments, commissioned in 2023.
Additional characteristics:
- Roofs of houses as recreation areas in the open air - now on the roof you can do sports and yoga, arrange warm gatherings with friends, and enjoy stunning views.
- Parking for cars around the Ecoquarter and under it - in the underground parking there are also roomy storage rooms.
- Availability of all socially significant objects on the territory of the eco-quarter: school, kindergarten, children's clinic and all the necessary leisure - restaurants, cafes, sports clubs, children's development schools, shops, beauty salons, etc.
- Variety of layouts: one-, two-, three- and four-room apartments with an area of 51.8-168.4 square meters.
Kaliningrad is a truly unique city where European and Slavic cultures are combined. This region is the only special economic zone of Russia with a preferential tax regime for investors and entrepreneurs.
What Kaliningrad offers to investors:
- Zero profit rate in the first 6 years of the project (the beginning of the project is the receipt of the first profit)
- Income tax rate of 10% from 7 to 12 years of the project
- Zero property tax in the first 6 years, from 7 to 12 years – 1.1%
- Insurance premiums for the first 7 years of the project – 7.6% instead of 30%
- Benefits on customs payments for imported equipment
Additional bonuses for residents and investors of the Kaliningrad region are the proximity to Europe and the almost central location in terms of logistics of key European routes. We should not forget about the strong migration growth recorded in the last decade, which means that housing construction here is one of the drivers of the development of the region.
On November 10, 2021, the first residential complex “Address of Happiness” of the “Russian Europe” eco-quarter in Kaliningrad became the winner of the National CREDO Competition at the St. Petersburg International Housing Congress.
