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IBI-Rating has affirmed the rating of construction reliability of the Club House "Art Hall" at 5+ grade

07.09.2015
IBI-Rating informs on affirming the rating of construction reliability of the Club House "Art Hall" at 5+ grade (excellent reliability). Financial support and the experience of residential real estate construction of the project participants, the current state of construction, as well as the object location, have had an impact on the affirmation of the rating grade.

The construction of the Club House "Art Hall" is being implemented under the guarantees provided by the CB "Privatbank" PJSC. The object developer is "AC-MBK" LLC, which is implementing the project in cooperation with the general contractor "Aerobud" JSC, which has considerable experience in the construction and renovation of the commercial, industrial and residential real estate, as well as a strong production and technical base.

Construction works are carried out with all the necessary permits granted, on the land plot owned by the Developer. As at 06.30.2015, the degree of construction completion of the Club House "Art Hall" accounted for 88%. The scheduled period of object commissioning is envisaged for 2015. The house premises are sold through target bonds issued by "AC-MBK" LLC. The price per square meter is established on a contractual basis and depends on the floor, area, layout and design of an apartment. Long-term credit programmes and a letter of credit available in the purchase and sale contract streamline the process of calculating and contribute to protecting of investments.

The construction of the object takes place in the historical and business center of Kiev, in Shevchenkivskiy district at 21 Vorovskogo St. There are schools, shops, entertainment and recreational institutions, as well as establishments of cultural leisure located in the vicinity.

Rating of construction reliability is an opinion of the Rating agency about the ability of the Developer to meet its commitments under the construction project towards the buyers of real estate relative to other projects, based on the the results of comprehensive analytical research. For more detailed information about the ratings of construction reliability, please, visit the website of IBI-Rating www.ibi.com.ua, as well as the website of CH "Art Hall" www.arthall.ua.
Department of corporate ratings area

For more information please contact:
Press service of IBI-Rating
(044) 362-90-84
press(at)ibi.com.ua