DGAP-News: JSC Open Investments: announces sales results for 9 months 2012
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Result/Sales Result
JSC Open Investments: announces sales results for 9 months 2012
15.10.2012 / 07:00
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THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY
OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA
JSC OPIN
ANNOUNCES SALES RESULTS FOR NINE MONTHS 2012
(15 October 2012) Joint Stock Company 'Open Investments' (JSC 'OPIN' or the
'Company') (BLOOMBERG: MICEX - OPIN.RM), the first publicly traded real
estate developer in Russia, today announces sales results for the nine
months 2012 in its key development projects Pavlovo 2, Pestovo,
Martemyanovo and a new project Pestovo Life.
- For nine months 2012 the Company signed 178 contracts all totalling
US$79.4 million. Out of total contracted revenue Pavlovo 2 brought
US$41.4 million, Pestovo US$20.7 million and Martemyanovo US$15.6
million. US$1.9 million of revenue came from the sales of land plots in
the new Pestovo Life community.
- During the first nine months the Company signed 35 mortgage contracts
totalling US$17.3 million, which represented 22% of 9M 2012 deals.
- Average unit prices were as follows: Pavlovo 2 (apartments - US$240
thousand, townhouses - US$540 thousand, cottages - US$1,450 thousand,
plots - US$870 thousand); Pestovo (cottages - US$910 thousand, plots -
US$480 thousand); Pestovo Life (plots - US$160 thousand); Martemyanovo
(cottages - US$610 thousand, plots - US$300 thousand)
- Total cash collected was US$69.4 million.
Pavlovo Pes- Martemy- Pestovo TotalFor further information, please contact:
2 tovo anovo Life
Total signed in Q3 2012, 49 11 17 4 81
units
Total signed during 9 months 99 26 41 12 178
2012, units
Contracted revenue in Q3 2012, 18,495 7,398 6,017 540 32,4
US$'000 50
Contracted revenue for 9 41,356 20,6 15,573 1,902 79,3
months 2012, US$'000 52 93
Total cash collected in 2012, 38,421 13,4 16,250 1,290 69,3
US$'000 04 66
Including contracted in 2012, 35,475 15,2 14,710 1,290 66,6
US$'000 12 86
Investors:
Stanislav Joukov +7 495 363 2211 ext. 2388
About OPIN
Established in 2002, JSC OPIN is one of the leading real estate development
companies operating in Russia.
OPIN is focused on the development of master-planned multi-format
residential communities and the operation of high-quality commercial
properties in Moscow and the Moscow Region. Having completed nearly 200,000
sq. m of commercial space and 500 ha of developed master-planned
communities, today OPIN is a well-recognised brand in the domestic market,
known for the market-leading quality of the projects it delivers. Through
its property expertise and successful track record, the Company's strategic
goal is to become a platform for the consolidation of assets in the real
estate industry in Russia.
The Company's majority shareholder is ONEXIM Holdings Ltd, a major private
investment group in the CIS region with a diversified portfolio of assets
in mining, real estate, financial services, media, energy production and
high-tech.
In November 2004 OPIN was successfully admitted to the RTS stock exchange
and since then has carried out six secondary public offerings, raising
nearly US$2 billion.
Further details can be found on the OPIN website at www.opin.ru
End of Corporate News
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Language: English
Company: JSC Open Investments
Tverskoy blvr, 13/1
123104 Moscow
Russia
Phone: + 7 495 363 22 11
E-mail: info(at)opin.ru
Internet: www.opin.ru
ISIN: RU000A0DJ9B4
End of News EquityStory.RS, LLC News-Service
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188635 15.10.2012
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