TMM sells 20% of first-stage apartments in Kyiv residential & office complex

TMM Real Estate Development (TR61 GR: BUY) announced yesterday that it sold 20% of first-stage apartments in its Sonyachna Brama residential & office complex in Kyiv (total area of 234,036 ths m2), currently under construction. The sale of second-stage apartments will start in fall 2008. According to TMM, it plans to complete building the first stage of Sonyachna Brama by 2009. The second, third and forth stages of the complex are scheduled for completion in 2010, 2011 and 2012, respectively.