IBI-Rating has affirmed the rating of construction reliability of «Prestige Hall» RC at 5+ grade

IBI-Rating informs on affirming of the rating of construction reliability of «Prestige Hall» Residential and office complex at 5+ grade (excellent reliability). The project participants’ experience in construction of residential real estate, available guarantee of financial support, current status of the construction and compliance with the construction schedule, as well as the object location, have had an impact on the affirmed rating grade.

The project Developer is «A.B.C.» LLC, which has been implementing projects of construction of elite real estate since 2002. For today, in the portfolio of the Developer there are over 200 ths. sq. m of office and residential real estate at various stages of construction, located in Pecherskyi district of Kyiv city. «Aerobud» PrJSC, the General Contractor of the project, has a strong production and technological base, as well as significant experience of the construction and renovation of commercial, industrial and residential real estate. The financial partner of the construction of the ІІІrd and IVth lines of «Prestige Hall» RC is CB «PRIVATBANK» PJSC, whose available guarantees are an additional advantage of the project.

The construction of the object is taking place on the land plot of the total area of 1.7 ha, leased to «A.B.C.» LLC for the period of 15 years, expiring on 17.12.2019 , for the construction, operation and maintenance of the residential and office complex with built-in and attached premises and underground parking at 37/1 Henri Barbusse St. For today, the Ist and ІInd lines of the construction (sections 3, 5 and 8) of the complex have been put into operation. Section 2 of the ІІІrd line was put into operation in June 2013, section 1 of the ІІІrd line is in the process of commissioning. The construction of the ІVth line (sections 4, 6, 7) is underway, their commissioning is scheduled for 2016-2018 (depending on the section).

Prices for sq. m in «Prestige Hall» RC correspond to the prices formed in the market of this type of real estate taking into account the location of the construction object. Premises are sold through housing bonds, issued by «А.В.С.» LLC (credit rating uaBBB, with a «stable» outlook). Available long-term credit programs and a letter of credit used for sale and purchase, optimize the payment process, contributing to the investment protection.

«Prestige Hall» RC is located in the historical center of Kyiv, in Pecherskyi district, next to «Palace of Ukraine» metro station. The complex infrastructure comprises parking, shops, leisure facilities. In the immediate vicinity there are educational and healthcare establishments, centres of cultural recreation, supermarkets and office centers.

Rating of construction reliability
is an opinion of the Rating Agency as to the Developer’s capacity to fulfill its obligations on the construction project to real estate buyers relative to other projects, expressed on the basis of findings of comprehensive analytical research. For more detailed information on ratings of construction reliability please visit the site of IBI-Rating, as well as the site of «Prestige Hall» RC

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