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IBI-Rating has affirmed the rating of construction reliability of an apartment building N 36 of «Scarlet Sails» complex at 5 grade
16.06.2016Rating agency IBI-Rating informs on affirming of the rating of construction reliability of an apartment building N 36 of «Alye Parusa» complex of «Internationalist MGK» microdistrict at 5 grade (high reliability).
The available experience in construction of residential real estate of project participants, current status of the construction, as well as the location of object have had an impact on the affirmed rating grade. «Internationalist MGK» PJSC, the project Developer, has over 25-year experience in implementing investment and construction projects and repayment of target bonds by transferring premises in the newly constructed objects. It has participated in the construction of over 20 apartment buildings in Kharkiv city and Kharkiv region. The General contractor of the construction is «Interbud» LLC, which has been cooperating with «Internationalist MGK» PJSC for a considerable period of time.
During the period under review, the construction of House N 36 was carried out in compliance with the schedule, given the necessary permits on the land plot provided to the Developer in perpetuity. As estimated by experts of «Internationalist MGK» PJSC, as at 31.03.2016, the building construction completion accounted for 44%, increase for 1Q 2016 amounted to 6 p.p. The volume of construction financing of the apartment building N 36 in the microdistrict «Internationalist MGK» PJSC amounted to UAH 17.1 mln. The construction works are scheduled to be completed in December 2016. Most area of premises in the apartment building are sold through S series target bonds of «Internationalist MGK» PJSC (credit rating at uaBBB- grade, with a «positive» outlook). Prices for apartments in this apartment building correspond to the prices formed in the market for this type of premises taking into account the location of the construction object.
Corporate department
For more information please contact:
Press service of IBI-Rating
(044) 362-90-84
press(at)ibi.com.ua
The available experience in construction of residential real estate of project participants, current status of the construction, as well as the location of object have had an impact on the affirmed rating grade. «Internationalist MGK» PJSC, the project Developer, has over 25-year experience in implementing investment and construction projects and repayment of target bonds by transferring premises in the newly constructed objects. It has participated in the construction of over 20 apartment buildings in Kharkiv city and Kharkiv region. The General contractor of the construction is «Interbud» LLC, which has been cooperating with «Internationalist MGK» PJSC for a considerable period of time.
During the period under review, the construction of House N 36 was carried out in compliance with the schedule, given the necessary permits on the land plot provided to the Developer in perpetuity. As estimated by experts of «Internationalist MGK» PJSC, as at 31.03.2016, the building construction completion accounted for 44%, increase for 1Q 2016 amounted to 6 p.p. The volume of construction financing of the apartment building N 36 in the microdistrict «Internationalist MGK» PJSC amounted to UAH 17.1 mln. The construction works are scheduled to be completed in December 2016. Most area of premises in the apartment building are sold through S series target bonds of «Internationalist MGK» PJSC (credit rating at uaBBB- grade, with a «positive» outlook). Prices for apartments in this apartment building correspond to the prices formed in the market for this type of premises taking into account the location of the construction object.
Corporate department
For more information please contact:
Press service of IBI-Rating
(044) 362-90-84
press(at)ibi.com.ua