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OFFER OF INVESTMENT PARTICIPATION IN FAVORIT HOUSING ESTATE BUILDING AT THE ADDRESS: 4, ARTILLERIYSKAYA STR., ODESSA CITY, UKRAINE.

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Presentation on theme: "OFFER OF INVESTMENT PARTICIPATION IN FAVORIT HOUSING ESTATE BUILDING AT THE ADDRESS: 4, ARTILLERIYSKAYA STR., ODESSA CITY, UKRAINE."— Presentation transcript:

1 OFFER OF INVESTMENT PARTICIPATION IN FAVORIT HOUSING ESTATE BUILDING AT THE ADDRESS: 4, ARTILLERIYSKAYA STR., ODESSA CITY, UKRAINE.

2 PROJECT DESCRIPTION. LOCATION The project provides the building of housing estate, consisting of four 18-storied houses for 448 apartments, built-in integrated office premises, situated in the first floor level, underground parking for 213 card and detached administration building. Housing estate is situated in Odessa city on Artilleriyskaya Str., 4.

3 TECHNICAL AND ENGINEERING CHARACTERISTICS OF THE ESTATE DescriptionUnitQuantity Land lot areaHectare1,58 Building territory aream2m2 9451,27 Total area of apartmentsm2m2 28514,36 Total quantity of apartments, including:piece448 1-roompiece180 2-roomedpiece180 3-roomedpiece72 4-roomedpiece12 5-roomedpiece4 Total area of office premisesm2m2 2095,9 Total area of administrative buildingm2m2 494 Total area of parking lotsm2m2 7565,03 Parking capacity, including:place213 - single, with area up to 20 m 2 piece142 - single, with area up 25 m 2 piece17 - double, with area up 40 m 2 piece27 Overland parkingpiece90

4 CORPORATIVE STRUCTURE AND TITLE The project belongs to the company ZHILYEPROMSTROY Limited Liability Company (32696339), which was established specially for the project realization and has no other business, is free from any other liabilities except of the ones relating to the present project. The land lot with area of 15289 square meters, situated to the address: 4, Artilleriyskaya Str., Odessa city, cadastral number 5110137300:51:008:0037, is the property of ZHILYEPROMSTROY LLC on the grounds of rent contract with Odessa city council as of 15.11.2005. There were obtained all required permits and endorsements regarding the estate, entitling its buildings, including: Positive experts report of the Ukrainian State investment expertise in respect of building project 539/06 as of 26.03.2007. Permit for construction work in the Inspection of State Architectural construction control of Odessa city 142/07 as of 2.04.2007. On the grounds of Decision of Odessa city council 285 as of 29.06.2005 there was concluded building leasehold agreement, binding ZHILYEPROMSTROY LLC to assign 12% of residential space from the total area of apartments to the City council. For the purpose of mobilization of investment from buyers there were emitted specialized bonds, which clearance is stipulated by the release terms by apartments, office premises and parking lots. Bonds emitting was registered in the State commission on securities and stock market on 08.06.2007.

5 PHOTOS OF EXISTING BUILDING

6 TOTAL SUM OF REQUIRED CAPITAL INVESTMENT Expense itemsSum, $ Completion of estate construction11 283 000 Administrative costs78 770 Object insurance32 468 Commissioning costs51 948 TOTAL11 446 186

7 PROJECT INCOME DescriptionUnitQuantity*PriceCost Apartments**m2m2 13 275 $1 256$16 675 000 Officesm2m2 2095,9 $1 737$3 640 210 Administration buildingm2m2 494 $2 200$1 086 800 Underground parking lots - single, with area up to 20 m 2 Piece137 $15 000$2 055 000 - single, with area up 25 m 2 Piece16 $20 000$320 000 - double, with area up 40 m 2 Piece26 $25 000$650 000 Overland parkingPiece90 $4 417$397 500 TOTAL$24 824 510 * quantity of areas in the Housing estate, free from liabilities ** in view of 12% of residential premises to be assigned to the City council.

8 PROJECT PROFIT DescriptionSum, $ Total project income* $25 434 796 Total project expenses $13 508 810 Project profit $11 925 986 * As of today there are concluded agreements for apartment sale in the estate, where paying out is on phase basis and the total agreement sum has not been redeemed. The total sum of such payments – $ 610 286,with the repayment period till the end of the building.

9 FINANCING AND COMMERCIAL OFFER This project provides formation of loan capital according to 7,5% yearly rate at the in quantity of $11 065 000 by tranches over a period of one year. Security will be the incompleted construction object. Alternative – 50% entry into the share capital. Investment commitments of the Investor imply fulfillment of construction work financing and commissioning the object, $11 446 186. Subject to this, return of investments at the rate of $11 446 186 will be in the first place from income of real estate realization, and afterwards the distribution of project profit will be on 50:50 basis. Investors contributions profitability indices in case of entering into sharing capital on 50% basis Net present value$2 962 195 Project payback period, months36 Internal return of return of project, % in month1,88% Internal return of return of project, % per annum25,08% Profitability index1,29 Discounting interest rate, % per annum10,00%

10 Contact details: ASSET MANAGEMENT COMPANY «ATLANTA» Toropov Andrew Tel./Fax: +38 (048) 785-51-50 +38 (067) 59-00-876 E-mail: kya@atlanta.ua


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