Home Builder News

Doronin, Aman Group land $285M development loan for Crown Building

Doronin, Aman group land 5m development loan for Crown Building UK-based investment firm Cain International is the lender By E.B. Solomont and Konrad Putzier | December 19, 2018 05:40PM

 · Johan Eliasch, a global business leader with brand-building expertise, has been appointed chairman of the Aman Group and Vladislav Doronin, a developer of high- end residential and commercial properties and the lead investor, has been appointed CEO. Plans are in progress with the new management team to invest in the company’s existing infrastructure and capabilities.

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In May 2004, Lambson Fine Chemicals Ltd sold a 40-acre industrial property to Merlion Capital Housing Ltd for 12.25m. The property had been used for the manufacture of chemicals since the 1860s. By the late 1940s it was owned by Laporte and used for the manufacture of suphuric acid, sodium.

Last year, Michael Shvo and Russian billionaire Vladislav Doronin agreed to pay $500 million for 20 floors of the Crown Building at 730 Fifth Avenue, on the corner of 57th Street. Now Shvo has filed plans to convert most of the 26-story office building into condominiums and a hotel.

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Aman Land& Development Private Limited is a Private incorporated on 13 May 2015. It is classified as Non-govt company and is registered at Registrar of Companies, Delhi. Its authorized share capital is Rs. 5,000,000 and its paid up capital is Rs. 5,000,000.

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The Kushners, who still own the land. building was originally the home of Packard Motor Company. Vladislav Doronin’s OKO Group and partner Aman Group secured a $284.5 million loan from Cain.

Metropolitan Holdings develops, builds, acquires and operates high quality apartment communities and offers commercial real estate brokerage services for the benefit of our employees, clients, vendors, partners, and investors. We do this by leveraging trusted community relationships all while adhering to our core values.

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The Olayan Group. In New York, Doronin teamed up with broker-turned-developer Michael Shvo to buy the upper portion of the Crown Building for $475 million in 2015. He’s currently converting the top.

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