News
Sistema-Hals and Ferro-Stroy competed residential Primavera
MOSCOW, RUSSIA - November 2, 2009 - Sistema-Hals (HALS), a leading diversified company in the Russian and CIS real estate market, and Ferro-Stroy, Russian commercial and residential property developer, announce the completion of the new business class residential complex Primavera at 4, Nakhimovsky Avenue, Moscow.
The construction began in Q1 2007 and reached completion in Q3 2009. As of today 80% of the apartments in the complex have been sold.
The developer is Sistema-Hals, the co-investor is Ferro-Stroy.
The 14-storey complex Primavera consists of two buildings with a total area of about 40 000 square metres and contains 260 apartments of 48-142 square metres in size. There is a two-storey underground car parking area with 266 spaces in the residential complex. The non-residential area on the ground floor will add an extra infrastructure. A children's playground and sports ground for residents are built on the adjacent land.
For further information please contact:
Anna Zavialova
Director
PR Department
Tel. +7 (495) 785-7764
zavialova@sistema-hals.ru
Ulyana Denga
Director
IR Department
Cell +7 (903) 2626-529
Tel +7 (495) 785-4214
denga@sistema-hals.ru
Sistema-Hals ("the Company") is a leading diversified company in the Russian and CIS real estate market. The Company was the first Russian property developer to list its shares on the main market of the London Stock Exchange. The Company's shares are also listed on the Moscow Interbank Currency Exchange and the Moscow Stock Exchange and in the Russian Trading System Stock Exchange.
Starting operations in 1994, Sistema-Hals has successfully completed about 40 projects with a total area in the region of over 400,000 square metres, including the headquarters of DaimlerChrysler, the Hals Tower office building, the headquarters of Trubnaya Metallurgical Company, a hotel for the MaMaison chain (Orco Property Group), residential projects in Kuntsevo district.
Sistema-Hals has assembled a balanced and diversified portfolio of assets in fast-growing sectors of the market. The Company's strategy is focused on building Class A and B office space, mixed-use retail and office complexes, business-class residential buildings.
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The information in the press release may contain forward-looking statements regarding future events or the future financial performance of Sistema-Hals. You can identify forward looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could", "may" or "might" the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date thereof or to reflect the occurrence of unanticipated events.