1. About PIK Grouppik-group.ru.media.pik-service.ru/attachment/... · №1 by total housing...

1. About PIK Group

2

RuBBB+

Russia’s leading residential real estate developer

3

2 059th. sqm.

№1 by total housing completions

5 322th. sqm.

№1 by current construction volume

3 578 mln $

№1 by market capitalization among public developers

№1By operational cash flow Highest level among developers on

the ACRA rating scale

RuА-ExpertRA rating

BStandard and Poor’s rating

*Source: https://erzrf.ru/, Company data

https://erzrf.ru/

Company history

4

Implementation of PIK Group

1994

The company carried out a successful IPO on the London Stock Exchange, MICEX and RTS

2007

Real estate market starts to recover. PIK Group contract sales reach pre-crisis

volumes at 658 th. sqm.

2012

The launch of fundamentally new product and series of houses with improved characteristics and consumer properties

Modernization of production capacities

The launch of brand new sales and customer service technologies

2015

Rapid expansion in the Moscow Metropolitan Area, Start of sales in other Russian regions.

Acquisition of industrial production capacities

2001-2006

Change of shareholders of PIK, including the acquisition by Sergey Gordeyev of a 29% stake in the Company

The arrival of the new management team and the establishment of the new business strategy

2014

Increase in the share of S. Gordeev to a controlling stake (74.6%)

VTB Bank becomes a portfolio investor (7.6%)

Achieving record operational indicators for sales contracts and completions

2017

Increase in operating performance indicators and acquisition of new projects

Decrease in net debt to negative values

Absorption of the main competitor in the Moscow region

2016

Corporate governance

5

Annual general shareholder meeting

Personnel and remuneration committeeBoard of Directors

Executive bodies

Audit and risk committee

Strategy committee

Management Board

President (CEO)

Disclosure committee

Investment committee

Shareholder structure

Free float17,8 %

VTB Bank7,6 %

S. Gordeev74,6 %

Board of Directors

6

Alexander Varennya Independent Member of the board of Directors

Zumrud Rustamova Independent Member of the board of Directors

Aleksei Blanin Independent Member of the board of Directors

Alexandr Prygunkov Member of the board of Directors

Ilya Balandin Member of the board of Directors

Maxim Alperin Member of the board of Directors

Aleksey Karpenko

Chairman of the board of

Directors

Georgy Figin Member of the board of Directors

Vladislav Sviblov Member of the board of Directors

Management

7

Sergei Gordeev President

Alexandr Prygunkov First vice-president Operational Director

Наталья Семикова Вице-президентпо исходно-разрешительной документации и земельно-имущественным отношениям

Aleksey Almazov Vice-president for engineering

Stanislav Kondratyev Vice-president Director of product department

Denis Ivakin Vice-president - director of the design department

Alexander Titov Vice-president for economics and finance - financial director

Vyacheslav Borisenkov Vice-president for general affairs

Gennady Rosso Vice-president Director of sales department

Ilya Tikhomirov Director of the IT department

Alexey Zolotarev Vice-president for development of land assets

Ivan Polandov Vice-president Director of Moscow Directorate

Alexey Kozlov Vice-president Director of Moscow Regional Directorate

Alexander Lefel Vice-president For regional development

Elbrus Gobeev General Director of PIK-Industries

Acquisition Permits Design Development and construction Sales

9-12 months

36 months

Development cycle

8

• Acquisition of the project

• Planning

• Construction permit

• Construction

• Sales

• Statement of conformity

• Ownership registration rights

• Issuing keys

12-18 months 3 months

24-33 months

Before

Now 24-32 months 6 months

66-74 months

Balance of all stages of the development cycle (2017)

Put on sale Sold Completed

2,1 th. sqm. 1,8 th. sqm. 2,0 th. sqm.

2. 1H2018 financial results

1H2018 revenue by segments

10

Revenue from development, RUB mln

1H2017 1H2018

87 061

35 299

1H2017 1H2018

3 2862 399

Other revenue, RUB mln

1H2017 1H2018

90 347

37 698

Total revenue, RUB mln

*Source: IFRS

140%147%

37%

*The growth s partly due to the application of the new IIFRS 15 standard to the first half of 2018 results. The comparative information for the first half of 2017 was not restated

** For reference: Results for 2017, it they were converted to IFRS 15, can be found on slide 35

1H2017 1H2018

2 192

5611H2017 1H2018

16 151

6 677

32%

33%

142%

1H2018 Gross profit

11

Gross profit for sales accounted for at historical value, RUB mln

Gross profit for sales accounted for at fair value, RUB mln

6%

*Source: IFRS

Total gross profit RUB mln

1H2017 1H2018

18 331

6 936

18%

20%

164%

4%



1H2017 1H2018

19 074

5 565

21%

243%

15%

1H2017 1H2018

315

-2 519

1H2018 EBITDA and net profit

12

Net profit, RUB mln

*Source: IFRS

Adj. EBITDA, RUB mlnAdj. EBITDA excluding cost of land, RUB mln

1H2017 1H2018

10 446

2 625 7%

298%

12%



1H2017 1H2018

18 617

14 901

1H2018 operational cash flow

13

Operational cash flow before income tax and interest paid and before acquisitions and sale of development rights and land plots and prepayment for development rights, RUB mln

1H2017 1H2018

26 108

22 969

Net operational cash flow, RUB mln

1H2017 1H2018

2 052

12 100

Operational cash flow before before acquisitions and sale of development rights and land plots and prepayment for development rights, RUB mln

*Source: IFRS

14%

25%

-83%

Cash position and leverage as of 30.06.2018

14

*Source: IFRS

31.12.2017 30.06.2018

60 486

75 600

Debt management principles

1. Deleveraging

2. Debt curve extension

3. Increasing the share of unsecured debt in debt structure

3. Optimizing the cost of funding

Total debt, RUB mln.

31.12.2017 30.06.2018

15 37715 034

31.12.2017 30.06.2018

60 223

45 452

Cash and equivalents RUB mln.

Net debt, RUB mln.

25%

33%

2%

In August 2018 the Group has made a full early repayment of three issues of bonds

in the amount of RUB 9 340 mln.

3. 1H2018 operational results

Real estate contract sales performance 1H2018

16

1H2017 1H2018

843771

1H2017 1H2018

88,078,9

Real estate contract sales, тh. sqm. Real estate contract sales, RUB bn

*Source: management accounts

1q2017 2q2017 3q2017 4q2017 1q2018 2q2018

43,744,3

63,1

47,9

4038,9

1q2017 2q2017 3q2017 4q2017 1q2018 2q2018

413430

608

460

391380

9% 14%

Cash collections 1H2018

17

Total cash collections, RUB bn

1П2017 1П2018

111,1

94,4

1q2017 2q2017 3q2017 4q2017 1q2018 2q2018

54,157,0

71,3

50,449,544,9


18%

1П2017 1П2018

871

1080

Buildings put on sale 1H2018

18

1П2017 1П2018

36

52

Number of buildings put on sale Buildings put on sale, th. sqm.


-16

-19%

Sales through mortgages

19

Share of mortgage sales 2017 - 1H2018 monthly Average mortgage interest rate in Russia, %

January February March April May June July August September October NovemberDecember January February March April May June

65 %65 %66 %67 %65 %65 %64 %64 %63 %

60 %62 %

58 %60 %

57 %59 %60 %

54 %

48 %

Januar

y 20

16

May

2016

Septem

ber 2016

Januar

y 20

17

May

2017

Septem

ber 2017

Januar

y 20

18

June 2

018

12,9

12,5

12,1

12,9 12,913,1

12,9 12,812,7

12,5 12,412,2

11,5

11,8 11,911,7

11,4 11,311,1

10,9

10,6

10,1 10,09,8 9,8 9,9 9,8

9,6 9,6 9,6

2014 2015 2016 2017 1H2018

65 %60 %50 %

39 %36 %

Average project profitabilityShare of mortgage sales

*Source: management accounts, CBR

Moscow 30 %

New Moscow 20 %

Moscow region 20 %

Other regions 15 %

4. Project portfolio summary

Federal player

21

Obninsk

Kaluga

Moscow

Perm

Yaroslavl

Rostov-on-Don

Novorossiysk

Ekaterinburg

Saints-Petersburg

RegionUnsold ared, th. Sqm Market value, RUB bn

Moscow Metropolitan area 9 933 212,2

Novorossiysk 334 1,7

Ekaterinburg 295 1,4

Yaroslavl 241 1,0

Rostov-on-Don 213 2,2

Saints-Petersburg 177 4,0

Kaluga 168 1,4

Obninsk 132 0,9

Perm 4 0,2

Total 11 497 225,0

*Source:: CW

Key projects in Moscow and Moscow region

22

1

6

9

2

5

7

33

10

4

11

12

8

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

*Source:: CW

Project name Unsold ared, th. Sqm Market value, RUB bn1 Ilyinskie Luga 1 347 5,7

2 Salaryevo-park 1 246 39,2

3 Vostochnoe Butovo 770 6,2

4 Yurlovo 711 1,7

5 Buninskie Luga 609 19,6

6 Odintsovo-1 555 3,7

7 Butovo-park 453 5,0

8 Izmaylovsky les 352 4,9

9 Serednevo 350 5,7

10 Zhulebino-park 308 6,2

11 Mytishi, Yaroslavsky 296 1,6

12 Lyubertsi-park 271 4,6

13 Lyuberetsky 245 4,4

14 Polyarnaya 236 9,2

15 Green Park 233 12,0

16 Myakinino 223 3,5

17 Kuntsevo-park 175 7,4

18 Meschersky les 175 5,7

19 Stolichniye polyani 141 1,8

20 Kuntsevo 134 15,1

21 Yasenevaya 123 4,6

22 Zhemchizhina Zelenograda 112 2,5

23 Putilkovo 110 3,4

24 Mitino-park 109 4,1

25 Lefortovo-park 97 6,8

26 Rimskogo-Korsakova 11 95 4,9

27 Kuskovskaya 72 1,5

28 Izmaylovsky proezd 5a 59 3,4

29 Orange park 46 0,4

30 Vlyublino 40 1,3

31 Solntsevo-park 30 1,4

32 Butovo-park 23 0,3

33 Chernyahovskogo 19 20 1,4

34 Annino-park 16 0,5

35 Severny 14 0,1

36 Mosfilmovsky 11 2,1

0

3 500

7 000

10 500

14 000

2012 2013 2014 2015 2016 2017

1 565

1 688

1 3471 516

2 8221 984

5 698

5 765

1 674

1 8632 132

2 665

4 2345 059

2 4551 7821 9681 888

Moscow Moscow region Other regions

0

75

150

225

300

2012 2013 2014 2015 2016 2017

12,99,8

5,8

5,89,3

10,2

58,655,1

15,1

20,225,9

25,7

153,5152,2

79,7

57,86052,6


Land bank dynamics

23

*Source:: CW

Unsold area, th sqm Market value, RUB bn

65376537

5161

88,5

12 512

11 497

95,283,8

100,6

217,1225,0

5467

Project portfolio pipeline

24

14 %

50 %

37 %


6 %

26 %

68 %

Land bank breakdown by region, %

Unsold area Market value

Land bank as of 31.12.2016 Acquired Sold Plannings change Land bank as of 31.12.2017

12 512

+ 1 019- 1 884

- 150

11 497

*Source:: CW, management accounts

1,5 mln sqm

4,2 mln sqm

5,7 mln sqm

58,6 RUB bn

153,5 RUB bn

12,9 RUB bn

5. Company transformation

Investing in operational efficiency and Company transformation

26

SalesProcurementManagementProduct

1. Introduction of technology for managing the process of creating and developing products aimed at:

- Increase the speed of innovation implementation

- Cost control

2. Transformation of the design process:

- Technology and design speed

- Digitalizing control and tracking of design progress

- Introduction of IT-programming technologies

1. Digitalization and creation of a platform for project and construction management at all stages of execution and supply chains

2. Industrialization of construction and investments in «prefabricated" technology to reduce the time and cost of construction and improve the quality level

3. Uberization of the construction management process and reduction of the number of levels of management for construction participants

1. Developing of long-term relations with production plants and contractors

2. Reducing the number of participants in supply chains - excluding intermediaries. Creation of an IT platform for management of the supplier-contractor-developer scheme

3. Consolidation of procurement and supply management for construction companies

4. Investments in the training and effectiveness of building contractors

1. Digitalization of sales and omnichannel interaction with customers

2. Technology of the sales process: efficiency and speed

3. Customer service and interaction at all stages - from the sale of an apartment to giving the keys

4. The introduction of technology NPC and Customer Journey

Appendix

1. Market overview

Dynamics of interest rates and mortgage market

29

Dynamics of monthly change in the average mortgage housing loan in the Russian Federation, RUB mln

*Source: https://erzrf.ru/

Jan. 17 Feb. 17Mar. 17 Apr. 17 May 17 Jun. 17 Jul. 17 Aug. 17Sep. 17Oct. 17Nov. 17Dec. 17 Jan. 18Feb. 18Mar. 18Apr. 18May 18 Jun. 18

1,671,69

1,71 1,72 1,731,75

1,73 1,74 1,751,78

1,801,82

1,77

1,82

1,861,89 1,90 1,91

1,78 1,791,82 1,83 1,84

1,861,83

1,851,87

1,89 1,901,92

1,901,94

1,98 1,99 1,992,01

1,97

2,01

2,08 2,082,10

2,12

2,08 2,09

2,152,18 2,18

2,20

2,242,26

2,31 2,312,28

2,35

Mortgages issued secured by DDU Martgages issued, total Mortgages issued secured by complete estate

Forecast of the dynamics of the average weighted interest rate of the secured by DDU, depending on the Central Bank's key rate and inflation

Key rate

Average mortgage rate

Yearly inflation

Dynamics of changes in the key rate and volume of lending

30


Dynamics of changes in the weighted average price of apartments in new buildings in the Russian Federation, RUB/ m²

Dynamics of the key rate of the Central Bank and the volume of issued housing loan

Mortgage volume

Key rate

%

RU

B b

ln

January February March April May June July August September October November December

2,72,8

1,3

2,22,42,2

2,7

12,3

3,43,53,83,8

3,0

3,8

2,22,1

2,82,62,9

12,3

4,3

3,5

4,2

3,23,2

3,9

2,02,4

3,02,6

3,7

2016 2017 2018

Dynamics of construction in Russian Federation

31


1 quarter 6 months 9 months FY

13,6

7,3

45,9

27,1

16,5

8,3

48,4

28,3

17,7

9,3

2016 2017 2018

Dynamics of completions of apartment buildings ,accumulated total in Russia, mln. sqm

Dynamics of completions of apartment buildings, monthly in Russia, mln. sqm

1 quarter 6 months 9 months FY

166 751

78 059

312 164

209 144

127 489

55 091

305 589

214 354

141 395

79 078

2016 2017 2018

January February March April May June July August September October November December

28 81429 21130 66729 990

27 033

21 036

38565

3296931486

29878

27648

241292445923467

2447224226

16670

14195

36 970

28 389

25 87626 987

24 777

21 19521 613

19 187

21 517

23 353

40 150

15 565

2016 2017 2018

Dynamics of issued mortgage under DDU, accumulated in Russia Dynamics of issued mortgage under DDU, monthly in the RF

Renovation

32

• 26.04.2017 г. – Moscow's budget for 2017 was increased by 96.5 billion rubles to carry out preparatory activities: the formation of land

plots, the preparation of additional sites, the implementation of pre-design and design work

• 17.05.2017 г. – The Moscow City Law "On Additional Guarantees of

Housing and Property Rights of Physical and Legal Persons in the Implementation of Renovation of Housing in Moscow"

• 01.07.2017 г. – Federal Law No. 141-FZ was adopted to regulate the renovation of the housing stock in the city of Moscow

• 01.08.2017 г. – the Resolution of the Government of Moscow No. 497-

PP "On the program of renovation of the housing stock in Moscow" was adopted

• 1Q 2018 - 90 tenders for the design of the first stage of renovation in the amount of about 1 million m²

Background

• As of April 15, 2018, tenders were held for the design of 1.4 million square meters. m.

• 4Q 2018 - start of the construction of the 1st stage of renovation projects

• 2 half 2020 - 1 half 2021 года – completion of houses of the 1 wave of renovation and implementation of the 1st stage of resettlement

Next steps

1. Development and construction competencies, involvement of the management team of PIK Group

2.Construction and "design" capacities

• DSC and the Construction Industry (including monolithic technologies) of

PIK Group are named by the city as eligible suppliers

• PIK won 6 contests for the design of about 106 thousand m²

PIK participation

New law 218-FZ: PIK Group position

33

As a result of major acquisitions of assets in 2016, PIK has a

long-term reserve of a land bank for which construction

permits have already been received or can be received by

the end of June 2018, which will allow the business model to

be fully retained for these projects.

Land bank reserve

PIK Group has its own production facilities and advanced

construction technologies, which ensures a high degree of

industrialization of production and, therefore, the shortest

possible time for completing houses.

At the moment, the average term for the construction of

houses is 1.5 - 2 years, but taking into account the

continuous optimization of all stages of business processes,

the target construction period can be reduced to less than

1.5 years.

High speed of construction

Levels of credit ratings of PIK Group allow to attract unsecured debt financing to the level

of a holding company.

The last issue of PIK Group's bonds in the amount of 7 billion rubles was carried out after

the new regulation came into force, the maturity is 10 years, with the Issuer's right to repay

the issue ahead of schedule in full or in part during the circulation period.

Assignment of the ACRA rating at the level of BBB + and the revision of the negative

outlook of the S & P to a stable one were also made taking into account the new

regulatory field.

Access to unsecured financing

PIK Group also has long-term partnerships with Russian banks, both in terms of corporate

financing and in the field of mortgage lending.

Banks that provide mortgage financing during the construction phase actually assume the risk

of completion of construction and impairment of collateral.

At the same time, the percentage of penetration of mortgages into sales of PIK Group is

currently much higher than the average market, in recent months has exceeded 60%. Mortgage

lending is present at all sites, and accreditation of new projects of PIK Group is made by the

majority of partner banks in an automatic mode.

In 2017, at the expense of loan funds from partner banks, sales of PIK Group for more than 87

billion rubles were financed.

Large-scale positive experience of risk assessment of projects by banks

The organizational structure of the PIK Group includes over

250 legal entities, new projects are implemented on the

balance of individual SPVs.

In this regard, the new regulation will not lead to a

significant change in the group's tax burden.

PIK organizational structure

2. IFRS accounts

For reference: the impact of IFRS 15 application on the results of 2017

35

Adj. EBITDA, RUB mln

2017 2017 new standard

28 206

15 648


8 592

3154

Net profit, RUB mln


246 602

175 134

Total revenue, RUB mln

*источник: МСФО, данные компании

41%80%

172%

Consolidated statement of financial position

36

ASSETSJune 30, 2018 December 31 , 2017

Non-current assets

Property, plans and equipment 24 913 23 524

Intangible assets 866 779

Investment property 18 217 23 690

Equity accounted investees 490 496

Other investments 351 395

Trade and other receivables 1 461 1 531

Other assets 943 -

Deferred tax assets 8 110 7 397

Total non-current assets 55 351 57 812

Current assets

Inventories 196 444 243 783

Other investments 626 361

Income tax receivables 2 108 1 160

Trade and other receivables 37 899 29 620

Cash and cash equivalents 60 223 45 452

Total current assets 297 792 320 376

Total assets 353 143 378 188

EQUITY AND LIABILITIES

Equity

Share capital 41 295 41 295

Additional paid-in capital (8 470) (8 470)

Retained earnings 28 080 22 788

Total equity attributed to owners of the Company 60 905 55 613

Non-controlling interests 626 535

Total equity 61 531 56 148

Non-current liabilities

Loans and borrowings 64 037 44 702

Financial instruments measured at fair value through profit and loss

1 676 997

Trade and other payables 9 190 10 160

Deferred tax liabilities 13 509 13 365

Total non-current liabilities 88 412 69 224

Current liabilities

Loans and borrowings 11 563 15 784


Provisions 15 647 20 544

Income tax payable 1 106 1 576

Total current liabilities 203 200 252 816

Total liabilities 291 612 322 040

Total equity and liabilities 353 143 378 188

Debt

37

June 30, 2018 December 31 , 2017

Loans and borrowings, current 11 563 15 784

Loans and borrowings, non-current 64 037 44 702

Total debt 75 600 60 486

Cash and cash equivalents (60 223) (45 452)

Net debt 15 377 15 034

EBITDA

38

1H2018

1H

2017

Profit for the period 315 (2 519)

Plus: Depreciation of PP&E and amortization of intangible assets 952 708

Plus: Interest expense 4 433 5 706

Plus: financial component 5 987 -

Less: Interest income (1 446) (1 804)

Plus: Income tax expense 99 (737)

EBITDA 10 340 1 354

Minus: adjusted discount in the revenue (1 540) -

Impairment loss/ (reversal of impairment loss), net 507 516

Change in fair value of investment property (16) 416

Impairment loss on financial assets, net 393 197

Write-off of accounts payable - 11

Foreign exchange (gain)/loss, net (180) (472)

Loss on disposal of PP&E 45 479

Gain from disposal of subsidiaries, development rights and subsidiaries 290 (9)

Penalties and fines, including provision for litigation and claims 748 1 169

Write-off of other materials 19 48

Other financial income (160) (27)

Gain from change in terms of a long-term financial liability - (1 057)

Adjusted EBITDA 10 446 2 625

Cost of land plots included in the cost of sales 3 600 775

Cost of projects accounted for at fair value, included in the cost of sales 5 028 2 165

Adjusted EBITDA excluding cost of land 19 074 5 565

Operational cash flow

39

1H2018 1H2017

5129 610

Changes in:

Inventories before acquisitions and sale of development rights 9804 (21 144)

Trade and other receivables excluding prepayments for development rights and land plots (3 936) (2 059)


Provisions for cost to complete (5 914) (688)

Cash flow form operations before income taxes and interest paid and before acquisitions and sale of development rights and prepayments for development rights and land plots

26 108 22 969

Income taxes paid (3 840) (3 305)

Interest paid (3 651) (4 763)

Cash flow form operations before acquisitions and sale of development rights and prepayments for development rights and land plots

18 617 14 901

Acquisition, sale and prepayments for development rights (16 565) (2 801)

Net cash from operating activities 2 052 12 100

Consolidated statement of profit and loss

40

1H2018 1H2017

Revenue from sale of real estate objects accounted for at historical cost 49 496 20 627

Revenue from sale of real estate objects acquired through business combinations and recognized at fair value at initial recognition 37 565 14 672

Other revenue 3 286 2 399

Total revenue 90 347 37 698

Cost of sales of real estate objects accounted for at historical cost (33 345) (13 950)

Cost of sales of real estate objects acquired through business combinations and recognized at fair value at initial recognition (35 373) (14 111)

Cost of other sales (3 298) (2 701)

Cost of sales (72 016) (30 762)

Gross profit of sales of real estate objects accounted for at historical cost 16 151 6 677

Gross profit of sales of real estate objects acquired through business combinations and recognized at fair value at initial recognition 2192 561

Gross profit of other sales (12) (302)

Gross profit 18 331 6 936

Gain on disposal of subsidiaries and development rights, net (290) 9

Distribution expenses (2 621) (2 317)

Administrative expenses (4 315) (3 846)

Decrease in fair value of investment property 16 (416)

Impairment (loss)/ gain, net (507) (516)

Other expenses, net (1 273) (1 548)

Results from operating activities 9 341 (1 698)

Finance income 1 878 3 812

Finance costs (4 811) (6 244)

Financial component (5 987) -

(Loss)/profit from financial activities (8 920) (2 432)

Share of loss of equity accounted investees, net of income tax (7) (27)

Profit before income tax 414 (4 157)

Income tax expense (99) 737

Profit and total comprehensive income for the year for continued operations 315 (3 420)

Profit and total comprehensive income for the year for discontinued operations (excluding income tax expense) - 901

Profit and total comprehensive income for the year 315 (2 519)

3. Key projects

Salaryevo-park

42

Residential area "Salaryevo Park" is located in the south-west of

Moscow, just 500 meters from the "Salaryevo" metro station. The

large-scale project will be built in several stages and will include not

only residential buildings, but all necessary infrastructure:

kindergartens, schools, clinics and parking lots.

The green courtyard-parks, free from cars, will be equipped with

children's and sports grounds, as well as places for rest. In walking

distance from the district is the Ulyanovsk forestry, and in five minutes

drive are large shopping centers.

UNSOLD AREA,

THOUSAND М2

MARKET VALUE,

RUB BILLION

STATUS

1 246 39,2 On sale

Green Park

43

Residential area Green Park is located in a picturesque area near the

metro stations "Otradnoe" and "Botanical Garden". The district's own

infrastructure includes 3 kindergartens, a school, a clinic and parking

lots. The ground floors of the houses will accommodate shops and

service companies. Nearby there are hypermarkets "Auchan",

"Carousel", "Golden Babylon". In a 10-minute walk are the Sviblovo

manor and the Main Botanical Garden of the Russian Academy of

Sciences.

The cozy courtyards of the district are free from cars and completely

equipped for the people. Inside is a wide promenade, leading to the

central square with a rest area. All this will allow you to spend more time

in the fresh air and enjoy nature. Modern architecture and carefully

thought out details will make your life here comfortable and pleasant.

UNSOLD AREA,

THOUSAND М2

MARKET VALUE,

RUB BILLION

STATUS

233 12 On sale

Meschersky Les

44

The residential complex "Meshchersky Les» is a return to nature. We allocated

a whole block in a picturesque area in the west of Moscow between the

Borovskoye highway and the well-groomed Meshchersky park. The complex

consists of 6 blocks with a height of 14-25 floors with green courtyards.

Facades of houses are with bright ceramic tiles.

The picturesque courtyards of the residential complex are free of cars

and completely given to people. A wide promenade will connect them. All this

will allow you to spend more time in the fresh air and enjoy nature every day.

And modern architecture and carefully thought-out details will make your life

here comfortable and pleasant.

The complex will be provided with its own infrastructure. Here there are 2

schools, 2 kindergartens and several land parking lots. The ground floors will

hold shops, cafes and other services.

UNSOLD AREA,

THOUSAND М2

MARKET VALUE,

RUB BILLION

STATUS

175 5,7 On sale

Odintsovo-1

45

A new comfort class residential area "Odintsovo-1" is located in the southern part

of the city of Odintsovo, Moscow region, 10 km from MKAD along the Minsk

highway. The large-scale concept of the district development provides for the

creation of a harmonious urban environment, perfectly adapted for work and

leisure. The key advantages of the district are:

The area is connected with Moscow by a number of bus routes

from the metro station "Molodezhnaya", «Park Pobedy" and «Yugo-Zapadnaya". In

a 10-minute walk is the Vnukovo train platform. By train in 30 minutes you can

get to the Kievskaya railway station.

In a 10-minute walk from the district is a large Ulyanovsk forest park. Also nearby

are Podushkinsky, Meshchersky Forest Parks and Bakovoye Forestry. In the area

itself will be realized the ecological concept of "yard without cars", recreational

boulevards and a quay along the pond are arranged.

UNSOLD AREA,

THOUSAND М2

MARKET VALUE,

RUB BILLION

STATUS

555 3,7 On sale

Buninskie Luga

46

Residential area "Buninskie Luga" is located in New Moscow near the

"Buninskaya Alleya" metro station. The development of the project

"Buninskie Luga" includes the construction of schools, kindergartens,

clinics, shopping centers and parking lots. The school and

kindergarten have already been put into operation.

On the ground floors of the houses are shops and service

enterprises. Near the residential area are MEGA shopping mall,

hypermarkets Auchan, OBI, IKEA store.

UNSOLD AREA,

THOUSAND М2

MARKET VALUE,

RUB BILLION

STATUS

609 19,6 On sale

Mitino Park

47

The residential complex "Mitino Park" is located in the Krasnogorsk district of the

Moscow region, 10 minutes walk from the metro station "Mitino", close to the

north-west of Moscow, the Mitino district. The road to the center of Moscow

takes no more than 30 minutes. The complex includes a school, a kindergarten

and an underground parking.

The surrounding area has everything necessary for a comfortable life. In walking

distance are a kindergarten and a school. In close proximity are shopping and

entertainment centers "Crocus City Mall", "Your Home", "Wei-Park", "Mega-

Khimki". For families who prefer active recreation, the slope of the ski complex

"Snezkom" is open all year round. A 10-minute walk from the residential complex

is the Mitino Landscape Park. The territory of the park is characterized by a

diverse layout: high hills are replaced by spacious valleys.

UNSOLD AREA,

THOUSAND М2

MARKET VALUE,

RUB BILLION

STATUS

109 4,1 On sale

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