News
Sistema-Hals and Ferro-Stroy have built 221 appartments for school teachers
MOSCOW, RUSSIA - December 10, 2009 - OJSC Sistema-Hals (HALS), one of the leading companies in the Russian and CIS real estate market, and ZAO Ferro-Stroy, Russian investment and residential property developer, announce the completion of a new comfortable residential complex at 25a, Dnepropetrovskaya Street, Moscow.
New residential spaces were built by Sistema-Hals and Ferro-Stroy according to the investment contract with the Moscow Education Department regarding the construction of residential complex at Dnepropetrovskaya Street and Nakhimovsky Prospekt.
According to the investment contract Moscow Education Department shall be provided with 2/3 of the apartments in the residential complex at 25a, Dnepropetrovskaya Street. In general Sistema-Hals and Ferro-Stroy will deliver to the Education Department 221 fully finished apartments (11,900 square meters).
"Social responsibility is a constant part of our business. We are proud to participate in the improvement of teachers living conditions who fulfill one of the main functions in a social sphere. Apartments at Dnepropetrovskaya Street correspond to the very high standards attributed to modern and comfortable apartments", - commented Dmitry Zikanov, Vice-President for Residential Real Estate, Sistema-Hals.
"For the first time over 200 families of teachers from the South District of Moscow have an opportunity to improve their living conditions and settle in new fully finished apartments. Such a difficult project was realized owing to joint efforts of Moscow Education Department and our investors - Sistema-Hals and Ferro-Stroy. We believe that we will be able to carry out similar projects in the future with the support of investors", - said Viktor Shevlyakov, Deputy Head of Education Department for South District of Moscow.
For further information please contact:
Anna Zavialova
Director
PR Department
Tel. +7 (495) 785-7764
zavialova@sistema-hals.ru
Ekaterina Korotkova
Corporate Secretary
Tel.: + 7 (495) 785-77-42 (ext. 3350)
korotkova@sistema-hals.ru
Sistema-Hals ("the Company") is one of the 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 the Russian Trading System Stock Exchange.
Main shareholders of Sistema-Hals are Bank VTB (51.24%) and AFK "Sistema" (19.45%); free float is about 18%.
Starting operations in 1994, Sistema-Hals has successfully completed about 40 projects with a total area over 400,000 square metres, including several residential complexes in Kuntsevo, the headquarters of the DaimlerChrysler company, the Hals Tower office building, the headquarters of the Trubnaya Metallurgical Company, the hotel for the MaMaison chain (Orco Property Group).
Sistema-Hals implements the development of the Leningradsky Towers complex in Moscow; carries out the complex program of redeveloping the facilites of the Moscow City Telephone networks; reconstructs the building of the Central "Detsky Mir" on Lubyanka and fulfils several other projects.
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, multifunctional retail and office complexes, business-class residential buildings.
ZAO Ferro-Stroy is the company which was founded in Moscow in 2002. The main segments of its business are development and investments, projecting, construction, sale and maintenance of the facilities in the sphere of residentional and commercial real estate.
At the present time the investment portfolio of ZAO Ferro-Stroy is represented by 26 projects with a total volume of 2.2 mln. sq. m including a residentional sector of econom and business-class real estate as well as class "A" and "B+" office centers, multifunctional trade centers. The most part of the projects are located in Moscow but the interests of the Company are not limited by the territory of the capital. The construction is going on in St-Petersburg, Krasnodar region and other regions.
Now 11 facilities have been built by ZAO Ferro-Stroy among which there are social and cultural objects: medical and prophylactic complex in Moscow located on Seleznevskaya street and the Museum of unique dolls on Pokrovka street.
Residential complex at Dnepropetrovskaya Street
A monolithic 23-storey comfortable individual residential building with a total area of about 25,000 square meters at Dnepropetrovskaya street was built according to an individual project. It is situated in a picturesque site next to the Bitsevsky Park. Total number of apprartments 306. For the convenience of residents there are 5 lifts, an underground parking with 153 parking lots, shops and services are in the ground floor. Additionally special center for extended education will be located on the ground floor.
Residential complex Primavera at Nakhimovsky Prospekt
In Italian Primavera means a spring. Two original modern buildings of Primavera complex wonderfully suit the environment and will at any time remind about a spring. The 14-storey complex with a total area of about 40,000 square metres contains 260 apartments of 48-142 square metres in size. There is a two-storey underground car parking area with 266 lots. Non-residential area on the ground floor will add an extra infrastructure for the residents. A children‘s playground and a sports ground for residents are built on the adjacent land.
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