• In the first half of 2011 portfolio company “Miel New” added

    In the first half of 2011 portfolio company “Miel New” is filled with new integrated development projects in the Moscow region. The total volume of offers, “Miel New” in the primary market of Moscow and Moscow region, approximately 1.5 million square feet. M more than 50 sites. The sales volume of residential construction in the Moscow region of “Miel-New” has grown by 10% over the same period in 2010 and amounted to 80, 000 square meters. M The number of sold apartments in new buildings exceeding 1,300. These are the results of the company, “Miel New” in the first half of 2011. They are fully consistent with the stated plans of the company this year. According to the Director General of “Miel New” Mary Litinetskaya, the implementation of the targets of the company provided a number of factors: “First, a balanced portfolio of projects, the most liquid in stages of construction, location and pricing. Secondly, managing the implementation of Russia’s first large-scale low-rise city of New Stupino satellite. Third, work with partner banks to improve the mortgage for our customers and as a consequence, the increase in the proportion of transactions involving mortgages. The projects implemented by “New Miel”, the volume of transactions on the mortgage is between 25% to 60%. “All forward-looking objects, claimed the company last year, in 2011 entered the portfolio,” Miel New “, including such large-scale projects, as Russia’s first low-rise city of New Stupino satellite, the total area of property – 1.7 million square meters. M. ZhK “Bogorodsky” in Shchelkovo total living area – 308 thousand square meters. M. ZhK “Watercolors” in Balashikha, the area of residential buildings – 240 thousand square meters. M. ZhK “New Nakhabino” total living area – 190 sq. M. Mikrorayon 28 Balashikha, the area of residential buildings – 130 thousand square meters. M. ZhK “Da Vinci” in Odintsovo, total living area – 112 thousand square meters. Academic m. ZhK Palace “in Moscow, the total living area – 58.8 thousand square meters. M. ZhK “Aprelevsky” in Aprelevka, the area of residential buildings – 33.9 thousand square meters. M plans and forecasts for the second half of 2011 include the implementation of more than a thousand apartments in new buildings with a total area of 100, 000 square meters. “In the first half of 2011 we continued to expand the portfolio of projects. Given the prospects of the real estate market in 2011, our company started sales management and promotion of a single large-scale low-rise in Russia, the eco-town New Stupino. At the initial stage has been implemented ten thousand square meters. Meters of housing. The city built the first objects that are connected communication creates social facilities, roads, and negotiations with the five leaders in the “retail” for the residents of household infrastructure. All apartments and houses in the New Stupino will be transferred to our clients is completely ready for living. In December 2011 the first buyers will be able to celebrate a new home.

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