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TMM acquires a residential development project in Kharkiv

TMM acquires a residential development project in Kharkiv

7 June 2010

On Friday, TMM reported it closed a transaction to acquire Ultra premium-class residential development project in Kharkiv. The acquisition was funded with the loan facility from Oschadbank the company obtained back in 2009. Ultra residential complex has already been put into operation, but for it to correspond to TMM’s quality standards, the developer will additionally perform certain landscaping and finishing works. TMM will provide maintenance services to the complex and start sales of remaining 111 apartments with the gross area of 13 ths m2, which amounts to 50% of the total area of apartments, and 52 parking lots.

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