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IBI-Rating has affirmed the rating of construction reliability of "Prestige Hall" Residential and Office Complex at 5+ grade

22.10.2015
IBI-Rating informs on affirming of the rating of construction reliability of "Prestige Hall" Residential and Office Complex at 5+ grade (excellent reliability).

The rating grade is due to the available residential real estate construction experience of the project participants, the available financial support, the current status of construction and compliance with the construction schedule, as well as the location of the object.

The project developer is "A.B.C." LLC, which has been implementing construction projects of elite real estate development since 2002. To date, the developer’s portfolio includes more than 200 sq. m of the office and residential real estate at different stages of construction in the Pechersky district of the city of Kiev. The general contractor of the project, "Aerobud" PJSC, has a strong production and technical base as well as considerable experience in the construction and reconstruction of commercial, industrial and residential real estate. CB "Privatbank" PJSC is the financial partner of construction of the IIIrd and IVth stages of "Prestige Hall" Residential and Office Complex, whose guarantees are an additional benefit for the project. The construction of the object takes place on the land of the total area of 1.7 hectares, provided to "A.B.C." LLC on lease for the period of 15 years and expiring on 12.17.2019, for the construction, operation and maintenance of residential and office complex with built-in and attached premises and underground parking at 37/1 Henri Barbusse Str. As at today, the Ist and IInd Stages of the complex (sections 3, 5, 8) were 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 IInd stage (sections 4, 6, 7) continues, the commissioning is scheduled for 2016-2017 (depending on the section).

Prices per square meter in "Prestige Hall" Residential and Office Complex correspond to the prices prevailing in the market for this type of real estate taking into account the location of the construction object. The premises are sold through target bonds issued by "A.B.C." LLC (credit rating at uaBBB grade, with a "stable" outlook). The available long-term credit programmes and a letter of credit mechanism streamline the payment process, thereby enhancing the investment protection. "Prestige Hall" Residential and Office Complex is located in the historic centre of Kiev, the Pechersky district, near "Palace of Ukraine"metro station. The complex infrastructure is represented by parking area, shops, leisure establishments. In close vicinity there are educational and health care institutions, establishments of cultural recreation, supermarkets and office centers.

Rating of construction reliability is an opinion of the rating agency about the Developer’s ability to meet its obligations on construction projects to buyers of real estate relative to other projects, commented upon the results of the comprehensive analytical research. For more information about the ratings of construction reliability, please, visit the web-site of IBI-Rating www.ibi.com.ua, and the web-site of RC «Prestige Hall» 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