IBI-Rating has affirmed the rating of construction reliability of «Prestige Hall» RC

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

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 Developer’s portfolio there are over 200 ths. sq. m of office and residential real estate which is 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 construction and renovation of commercial, industrial and residential real estate. The Developer gets financial support from his main participant by means of a significant increase in the authorized capital. Thus, in Q3 2016, the authorized capital of «A.B.C.» LLC increased by UAH 150 mln. - up to the amount of UAH 475 mln.

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 until December 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 Anri Barbyusa St. For today, the Ist and ІInd lines of the complex (sections 3, 5, 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 and section 4 of the IVth line are in the process of commissioning.

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 (uaBBB credit rating with a «stable» outlook).

«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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