A snapshot from the fund’s Q2 2015 pitchbook, managed by Konstantin Sokolov and Roland Raeber.
Back in 2015, the Liechtenstein-based Gotthard Investment Fund — where Konstantin Sokolov served as Vice-Chairman and Managing Partner — was actively raising money for Russian real estate. According to their investor presentation, the fund had only four active projects in St. Petersburg, Russia:
- Vavelberg House (7-9 Nevsky Ave) — reconstruction of a historic building into a luxury hotel under Jumeirah Group management;
- Fontanka 145b — a new 71-unit apartment hotel near the Mariinsky Theatre;
- Kompressor Komplex (51 Obukhovskoy Oborony Ave) — construction of economy-class residential towers;
- Prometheus Mall (80 Prospect Prosvescheniya) — a shopping and entertainment center in the Kalininsky district, and a fifth project not detailed in the excerpt.
According to the report, Sberbank was the fund’s “preferred lending partner,” offering exclusive access to financing, better rates, and even joint lending operations. The partnership also gave Gotthard preferential access to distressed real estate assets that Sberbank had acquired as collateral from its borrowers — a classic setup for picking up assets at distressed prices with state-backed firepower.
In 2020, the fund was successfully liquidated. A quiet end to a once-ambitious Russia-focused investment vehicle.
