Vladivostok developer faces court over stalled Free Port housing project
A legal dispute has emerged over an unfinished residential project in Vladivostok. Primgrupp LLC, the developer behind a planned complex on Davydov Street, now faces the loss of its Free Port benefits after failing to meet construction deadlines. The case will go before a court in early April following a lawsuit filed by the Far East Development Corporation (FEDC). Primgrupp was established in Vladivostok in 2018 with a modest registered capital of 10,000 rubles. The company secured resident status under the Free Port of Vladivostok programme, committing to build a residential complex by 2028. The project, budgeted at 1.4 billion rubles, included one- and two-bedroom flats, commercial units, and a two-level underground car park.
Under the agreement, Primgrupp had until the end of 2025 to finalise design plans, secure permits, and complete earthworks and utility connections. The firm failed to meet these obligations, prompting FEDC to take legal action. In February 2026, the corporation filed a lawsuit to terminate Primgrupp's Free Port resident status. Aigul Yusupova became the company's sole owner in July 2024. The preliminary court hearing is set for April 9, where the future of the stalled project—and its associated tax incentives—will be decided.
The lawsuit highlights the risks for developers who fail to fulfil Free Port commitments. If the court rules against Primgrupp, the company could lose its special economic status and the financial advantages tied to it. The outcome may also affect other stalled construction projects linked to Vladivostok's Free Port programme.
