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IBI-Rating has affirmed the rating of investment attractiveness of "Prestige Hall" residential complex at invAA grade

22.10.2015
IBI-Rating informs on affirming of the rating of investment attractiveness of "Prestige Hall" residential complex at invAA grade.

The grade of the rating of investment attractiveness of "Prestige Hall" residential complex is due, in particular, to the available financial support from the CB "Privatbank" PJSC. Also, the rating grade was influenced by the project developer, "A.B.C." LLC, having experience in commissioning of residential houses, as well as by the available experience in the construction and reconstruction of commercial, industrial and residential real estate of "Aerobud" PJSC, the general contractor. Construction works are carried out on the land plot, which is on lease until the end of 2019. As at today the Ist and the IInd stages of the complex (sections 3, 5, 8) have been commissioned. Section 2 of the IIIrd Stage was commissioned in June 2013, commissioning of Section 1 of the IIIrd Stage is scheduled for the IVth quarter of 2015. The construction of the IVth stage (sections 4, 6, 7) is underway, its commissioning is scheduled for 2016-2017 (depending on the section). The premises in "Prestige Hall" residential complex are sold through target bonds issued by "A.B.C." LLC (credit rating at uaBBB grade, with a "stable" outlook).

Prices per square meter in the residential complex "Prestige Hall" correspond to the prices that have been established in the market for this type of premises, taking into account the location of the object. The available long-term credit programmes and a letter of credit mechanism streamline the payment process, thereby enhancing the investment protection. The construction object is located in the centre of Kiev, at 37/1Henri Barbusse St. The complex has a convenient road access, and all the social and trade-related infrastructure, such as parking, shops, leisure establishments and the like. Nearby there are educational and health care institutions, places of entertainment and supermarkets.

Reference:
Rating of investment attractiveness is an opinion of the Rating agency on the attractiveness of a particular business project in terms of investing in it, as well as the risks associated with such an investment. The investment project rated invАА is characterized by excellent investment attractiveness as compared with other objects of rating. There is slight sensitivity to the impact of investment risks. For more information about the rating of investment attractiveness, please, visit the web-site of IBI-Rating www.ibi.com.ua, and the web-site of «Prestige Hall» RC www.prestigehall.com.ua.

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