Corporate | 24 January 2013 08:50
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JSC Open Investments / Key word(s): Sales Result/Sales Result
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA JSC OPIN
ANNOUNCES SALES RESULTS IN KEY PROJECTS
Joint Stock Company ‘Open Investments’ (JSC ‘OPIN’ or the ‘Company’) (BLOOMBERG: MICEX – OPIN.RM), the first publicly traded real estate developer in Russia, today announces sales results for the year ended 31 December 2012 in its key development projects Pavlovo 2, Pestovo, Martemyanovo and a new project Pestovo Life. Highlights: – For 2012 the Company signed 244 contracts all totalling US$108.9 million. Out of total contracted revenue Pavlovo 2 brought US$54.7 million, Pestovo US$27.9 million and Martemyanovo US$21.4 million. US$5.0 million of revenue came from the sales of land plots in the new Pestovo Life community. – During the year the Company signed 47 mortgage contracts totalling US$23.2 million, which represented 19% of total 2012 sales. – For 2012 share of contracts with deferred payment terms (on average within six months) was18%. – Average unit prices were as follows: Pavlovo 2 (apartments – US$240 thousand, townhouses – US$540 thousand, cottages – US$1,340 thousand, plots – US$870 thousand); Pestovo (cottages – US$900 thousand, plots – US$420 thousand); Pestovo Life (plots – US$140 thousand); Martemyanovo (cottages – US$590 thousand, plots – US$300 thousand). – Total cash collected was US$97.3 million.
For further information, please contact: Investors: Stanislav Joukov +7 495 363 2211 ext. 2388 About OPIN Established in 2002, JSC OPIN is one of the leading real estate development companies operating in Russia. OPIN is focused on the development of master-planned multi-format residential communities and the operation of high-quality commercial properties in Moscow and the Moscow Region. Having completed nearly 200,000 sq. m of commercial space and 500 ha of out-of-town master-planned residential communities, today OPIN is a well-recognised brand in the domestic market, known for the market-leading quality of the projects it delivers. Through its property expertise and successful track record, the Company’s strategic goal is to become a platform for the consolidation of assets in the real estate industry in Russia. The Company’s majority shareholder is ONEXIM HOLDINGS LIMITED, a major private investment group in the CIS region with a diversified portfolio of assets in mining, real estate, financial services, media, energy production and high-tech. Further details can be found on the OPIN website at www.opin.ru End of Corporate News 24.01.2013 Dissemination of a Corporate News, transmitted by EquityStory.RS, LLC – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. EquityStory.RS, LLC’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| Language: | English | |
| Company: | JSC Open Investments | |
| Tverskoy blvr, 13/1 | ||
| 123104 Moscow | ||
| Russia | ||
| Phone: | + 7 495 363 22 11 | |
| E-mail: | info@opin.ru | |
| Internet: | www.opin.ru | |
| ISIN: | RU000A0DJ9B4 | |
| End of News | EquityStory.RS, LLC News-Service |
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| 199766 24.01.2013 |