Russian Money? Mark Quinn & Ashford International Studios

It took just under three and a half hours for Ashford Borough Council to decide on the planning application for Ashford International Studios (pictured), in April 2020, which will be used by Netflix, Disney and HBO

It’ll create 2,000 jobs, 300 plus homes, 18,845 sq m of Film/TV Studios with post-production offices, workshops and a media village. Plus 7,185 sq m of additional flexible commercial floorspace and a 120 bed hotel and 62 serviced apartments, according to the leveling up bid made by Ashford Borough Council. This is welcome news indeed for Ashford. The project is estimated to substantially be delivered within 3 years.

However, there is another story behind the successful £14.7 million leveling up bid made by ABC.

Alexander Prisyazhnyuk (pictured) is not a name you are probably familiar with. He holds dual nationality, British & Russian. He is the Chairman of the Audit Committee of the LSR Group, which is a Russian real estate development, construction and building materials company, one of the leaders in the real estate and building materials in Russia. The company is headquartered in St. Petersburg. In January 2018, Andrey Molchanov, Mr Prisyazhnyuk boss, and previous major shareholder of the LSR Group was placed on the United States Department of Treasury “Oligarchs List” of persons who are close to Vladimir Putin.

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According to the Companies House, the controversial developer Mr Mark Quinn [substantial Tory Donor], sits in Quinn Estates Newtown Works Ltd with Alexander Prisyazhnyuk. And according to the land register Mr Prisyazhnyuk, was one of the lenders to Quinn Estates Newtown Ltd along with U And I Finance Plc and PP Property Finance Bridging Limited.

Quinn Estates Newton Works bought the Old Railway Works for a reputed £5 million from Kier Property Developments Ltd. Mr Prisyazhnyuk investment is reputed to be in the region of £1.25m. What with planning permission and the Netflix, Disney HBO deal, Mr Prisyazhnyuk investment, as well as Mr Quinn’s, means the value of the site will have risen considerably. That said, any profit from the site, could according to a variety of well placed sources, take up to ten years to materialize.

Recently, Ashford Borough Council applied for and succeeded in receiving £14.7 million from the leveling up fund.  We note the URL for this link states:

ashford_abc_quinn-luf_application_form-final

Strange indeed!

The 14.7m is intended to kick start the project known as Ashford International Studio, based on the site owned by Mr Quinn & Mr Prisyazhnyuk. They will NOT receive a penny of this money, as it will be used for “infrastructure” on the site.

ABC have said

Ashford Borough Council has been successful in bidding for a share of the UK Government’s Levelling Up Fund. The council’s bid and our allocation of £14.7m from this fund, aims to support the Ashford International Studios / Newtown Works project.

This will regenerate a 4.8 hectare brownfield site with five grade II listed buildings in the heart of Ashford town, into a dynamic Ashford International Film Studios along with commercial and residential development.

This of course means the developer, Quinn Estates Newton Works Ltd, no longer has to pay for any “infrastructure” of the site. In the leveling up bid made by Ashord-abc-quinn – and supported by Ashford MP Damian Green, it states:

High abnormal costs related to site remediation, demolition works, enabling infrastructure and the additional costs of restoration of the listed buildings. This development would see the reclamation of this 4.8 hectare (12 acre) site, with 37,179 m2 (400,182 sq ft) of Grade II Listed buildings that need restoration and refurbishment. This adds £[redacted] abnormal costs for the scheme, adding to the scheme being assessed as unviable. This acts as a barrier to the realisation of the whole site, not just those properties themselves, preventing both housing and economic outputs being achieved.

In plain English, the site is not viable, says the developer and ABC’s bespoke advice from Strutt & Parker. This is a cry we all so often here from developers, even though they all so often go onto realize a rise in value for the site.

As has been reported on numerous occasions, Mr Quinn and/or his companies have been substantial donors to the Conservatives, both at local level and national level.

 

Mr Quinn is adamant that none of his donations have helped sway any decision regarding the Ashford International Studios. Evidence from the Electoral Commission donation page, shows Mr Quinn has never paid any donations to the Ashford Conservatives.

He also is adamant that all monies poured into the project by Mr Prisyazhnyuk has been his own money, NOT Russian money. However, there is no evidence to substantiate that claim.

Wherever Mr Quinn develops, more often than not controversy is not far behind. But as always we’ll leave you to make up your own mind.

The Shepway Vox Team

Being Voxatious is not a Crime

About shepwayvox (1499 Articles)
Our sole motive is to inform the residents of Shepway - and beyond -as to that which is done in their name. email: shepwayvox@riseup.net

7 Comments on Russian Money? Mark Quinn & Ashford International Studios

  1. Russian money preferable to EU money.

  2. Laundered Money only shows what the top 5% will gain. I can not trust anything that Quinn Estates are involved in with the Russian Oligarchs. Every thing to do with money coming from Russia should be investigated thoroughly.

  3. There is talk of foreigners having to prove the wealth is theirs and how they obtained it, but can’t see this Government bothering with ‘minor details’ all the time they are reaping the rewards in Donations

  4. With what is going on in the Ukraine has Quinn pulled out of this venture with the Russian Oligarch. Somehow I doubt if his pure greed would allow it .

  5. Perhaps Shepway Vox Team should look at the fact that this is all backed by Russian money and there is a connection between all parties including Quinn, which the Shepway Vox Team have picked up on earlier articles.

    A check at companies house shows Alexander Prisyazhnyuk, the number two of Russian Ogliarch, Sergey Galitsky, the founder of Magnit between 2004 and 2009. Magnit was later sold to the state bank -VTB for a reputed $2.45 billion, says it all.

    Do we want our new hospital in Canterbury allegedly to be funded by Quinn but in real turns this cannot be ascertained what else are we really led to believe .

    • shepwayvox // March 6, 2022 at 11:04 // Reply

      For the record Alexander Prisyazhnyuk

      Previous Employment:
      2008–2009/ Tander JSC-Director of Strategic Development2003–2008 / Magnit OJSC /Tander OJSC-Chief Financial Officer
      2005 -2008 / Magnit Finance LLC -General Director
      1999-2008/ TanderCJSC-CFO1997-1999/ TanderCJSC-Head of Sales, Director of Stavropol Branch

      Board of Directors Experience:
      2016 -present / LSR Group PJSC -Independent Board Member
      2012–2017 / M.video PJSC -Independent Board Member, Chairman of the Audit Committee
      2010 -2016/ Dixy PJSC -Independent Board Member, Chairman of the Audit Committee, Chairman of the Compensation and Nominating Committee
      2004 –2008 / Magnit OJSC/ Tander JSC–Board Member

      Biography: Alexander Prisyazhnuk held various positions at Tander and Magnit from 1997 to 2009. These included CFO at Tander and Magnit, General Director of Magnit Finance, and Director of Strategic Development at Tander. He was also a Director at Magnit, Tander and Magnit Nizhny Novgorodand Director at Dixy and M.video. Today, he serves as an Independent Director of LSR Group’s Board of Directors.

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