|This company seems to have had considerable assets which would have been extremely valuable in liquidation.
I am trying to find our more information as no distribution of news seems to have been available since 2011.
The company or rather its assets seem to have become the vehicle for a new property company here hxxp://kdd.ua/en/
Has anyone any further information here at all ?|
my retirement fund
|Excellent trading update from DUPD today:
In 2010, Ukraine continued to emerge from the crisis following and strengthening the recovery trend started in the second half of 2009. It became obvious to both landlords and property occupiers that the market has passed its low point and that time is coming for taking investment decisions and resuming business expansion. This conception resulted in a number of investment transactions recorded in the local market for the first time since 2H2008, recovery of end-users' demand for quality commercial space, and further yield compression. According to Colliers International, prime yields compressed from 15-18% to 12-14% in 2010, although no investment transactions were recorded at these levels.
Principal market indicators have improved across all property sectors, with retail real estate sector leading the trend due to a surge in consumer spending and significant undersupply of quality shopping space.
Debt finance has remained largely unavailable restraining the pace of the market recovery although not halting it completely. However, the starting shift of the banks' interest from government bonds to corporate and consumer lending bodes well for the growth of the commercial and residential property markets in 2011-2012.|
|stunning results, no surprise since they were one of the first companies to start to get back to work. Valued at 1.2x earnings.|
|Just a waiting game really.|
|Time to get in?Result in april as was last year.|
|This one will fly soon:)|
|PecherSky project resumed at the begining of February 2011 with its completion expected in about 18 months.
Sky Towers schedule of works and costs have now agreed, four phases, first phase to be completed in May 2012.
It really is busy at KDDG. As they would say in Thunderbirds: all systems are go.|
|Renaissance Capital put out a buy note with a 62 pence traget:
|Big volume yesterday over 1.5 million traded.|
|Thats cracking stuff, managed to top up my holding. Im sure this will trebble in 2011.|
|Really good news.|
|All systems go for Sky Towers:
24 November 2010
KDD Group N.V.
("KDD Group" or the "Group")
Reduction of the interest rate on Sky Towers' credit line
KDD Group (AIM: KDDG), the holding company of one of Ukraine's leading real estate investment and development groups, is pleased to announce that it yesterday agreed revised terms for its existing credit line (the "Facilities") with Ukreximbank.
The Facilities consist of both USD and Hryvnia denominated elements, totalling the equivalent of US$160 million. Under the new agreement, the interest rates chargeable on both the USD and Hryvnia denominated elements of the Facilities is to be reduced by 1 per cent., per annum and the Facilities have a repayment date of May 2012.
The Facilities, to date, have been used by KDD Group to finance construction work at the Group's Sky Towers office and hotel project ("Sky Towers"). The Sky Towers project is expected to be largely completed by Quarter 2, 2012.
Alexander Levin, KDD Group's Chairman, commented:
"I believe that the reduction of the interest rate on the Facilities reflects both improvement of the situation in the Ukrainian banking sector, as well as strong progress by KDD on the Sky Towers project. We are hopeful that the growing liquidity of Ukrainian banks, and the reduction in the cost of borrowing, will allow KDD to activate construction activity on several other projects in the short to medium term|
|In the first half of 2010 in Kiev, there have been no increase in hotel room stock category 3-5 stars because of the mass stopping construction projects in 2008 due to economic recession.
However, in early 2010, developers have continued active development of previously launched projects in the hospitality segment. Thus, in the final stage of construction is the hotel Fairmont (5 *, 257 rooms) on the street. Naberezhnye Khreshchatytska 1A. Found new financial partners, the project hotel Hilton (5 *, 272 rooms) on the b-r.T.Shevchenko 28-30, which is currently actively under construction. In early 2010, the company KDD has signed a memorandum of understanding with the FRS Hotel Group International Sarl about managing the hotel under the brand Swissotel (5 star, 550 rooms), as part of the multi-center (IFC) Sky Towers on the street. Sholudenko, told Business & Markets in Colliers International.
In the first half of 2010. international operators have continued to actively explore opportunities for cooperation with the developers of hotels in Kiev and in major regional cities of Ukraine. Significant for the market of hotel services in Ukraine was the signing Starwood Hotels & Resorts Worldwide to manage a hotel in Zaporozhye brand Four Points (4 star, 170 rooms; Blvd. Shevchenko, Zaporizhzhya).
As an additional incentive for developers to the Government of Ukraine adopted a law on the temporary exemption from income tax for all categories of 3-5 stars hotel, placed in service before September 1, 2012. This law was adopted in preparation for EURO 2012 and will be valid from 1 January 2011 to January 1, 2021.
Price level and occupancy
Average occupancy rates at hotels 4-5 stars in the first half of 2010 amounted to about 45-55%. In 2009 this figure was within 40-50%, whereas in 2007-2008. stayed at its high of 70-80%.
The increase in occupancy is due to increased business travel in the country. In the first quarter 2010, an entry flow of citizens from EU countries to Ukraine has increased by 20% (compared to the same period last year). In this case, the total number of foreigners who visited Ukraine in January-March 2010 declined by 5% to 3.5 million, primarily due to decrease in visitors from the CIS countries (according to the State Service for Tourism and Resorts).
Given that the capital market high-end hotels represented less than 2 500 rooms, even a slight increase in business activity can influence the occupancy rate.
The average asking price for a room in hotels of Kiev in 2010, virtually unchanged, and the same level as 2009. As in the past year, most of the hotels practiced various types of discounts of 10-20% of the room. However, in 2010 the tendency to phase out this practice, which became possible thanks to the growth in demand.
Stabilization and occupancy rates in hotels of the upper price segment at the current level.
Phasing out an aggressive discount policy.
The resumption of construction of accommodation facilities previously frozen.
Moderate growth in demand for hotel services due to increased business activity in the country.
|Summary for the first six months of 2010:
|oh yes keep it coming, the http://www.pechersky.com.ua/ looks fantastic. Something to really look forward to, almost a dream!
Those blog finds of whats going on at the coal face make it so clear this stuff is infact not a dream though but very very real.
Great find, thanks.|
|Anyone still here?|
|Pavlo Mason: - Cool,progression!.September 19th, 2010
Sysk Registered User: - Collected by the second crane - "Liebherr".September 28th, 2010, 03:12 PM
Quicksilver: - Quote: Originally Posted by Sysk
Collected by the second crane - "Liebherr"
In total there should be 4 tap like. They carried out a tender for this. Maximum height of the crane up to 260 meters.September 28th, 2010, 10:16 PM
DFAW Urban Explorer: - It is still not the valves, these just prior to the eighth floor will be built.September 29th, 2010, 12:09 AM
Fiot1 Registered User: - Tobto cranes will vіd rіvnya zemlі bіlsh nіzh 50 poverhіv vgoru? o_O
I just think these scho visoti kranіv no component of the i yakos on іnshomu buduyut. Estimated TER bude tsіkavo tsі look at the crane.September 29th, 2010, 09:42 AM
Quicksilver: - Why, in China, almost all of up to 250 m such cranes from the ground and standing.
Of course, it would be interesting to see the cranes as the top of the building, but they seem like more and more difficult to operate. At least in Ukraine, such cranes I have not seen.
Very much like to see here such valves, as in Japan, looks awesome:September 29th, 2010, 12:30 PM
DFAW Urban Explorer; - According to the mind there must be mine crane, more 4-D, but the customer muddies any garbage, so that will not clear yet.September 29th, 2010, 09:27 PM
Volodya Registered User: - Today is interviewed on Sky towers architect. Communicated with the Turks, in the office but our girls secretary all the Turks were. By the way, they sit in a building wagons Mirax Plaza in Glubochitskoy.October 4th, 2010, 09:20 PM
Bethoven Registered User: - Quote: Originally Posted by Volodya
Today is interviewed on Sky towers architect. Communicated with the Turks, in the office but our girls secretary all the Turks were. By the way, they sit in a building wagons Mirax Plaza in Glubochitskoy
Well, what! approached?October 4th, 2010, 10:45 PM
Volodya Registered User: - Responded as all we will call you.October 5th, 2010, 12:28 PM
KaZantiP Registered User: - Guys, what's happening on the object?October 10th, 2010, 12:47 PM
KV City Man: - Well, okay everything here: cranes spinning, the workers (about 700) picks ...October 11th, 2010, 02:37 PM|
|I found a very interesting forum in Ukrain about KDDG, I will post here some comments. It looks very positive:
Bethoven: Registered User - Began to remove the earth .... According to the builders to dig and pour the foundation with 8 - storey car park will end next year .... building said to be 49 floors! April 13th, 2010, 05:25 PM
Orland Moderator: - I think it's better to believe krnj. At least I would like this. April 13th, 2010, 06:22 PM
DFAW Urban Explorer:- I would even say there is every reason to believe krnj, and not his uncle Basil.April 13th, 2010, 11:18 PM
DFAW Urban Explorer:- And there is not something to shoot "sappers digging in the ground, buried 100-ton mine" (c)April 17th, 2010, 12:46 PM
Quicksilver: - Put the red crane movement as a whole is very strong, a lot of workers.April 30th, 2010, 12:12 PM
StormRaider-Kiev: - This is good news.April 30th, 2010, 02:11 PM
Jasse James: - I think there is beer.)May 4th, 2010, 03:27 PM
DFAW Urban Explorer: - Beer is a little northwest.May 4th, 2010, 04:27 PM
dmitry Registered User: - Work in full swing even on holidays.Like a couple of pictures to do, but a man came out and said that we should not here to shoot. I wonder on what grounds? I did not at the building site I go.May 4th, 2010, 06:34 PM
KV City Man: - dmitry, thanks for the new thing!
Quote: a man came out and said that we should not here to shoot.
Could safely send it tries ... If something is not happy - let put fences above.May 4th, 2010, 06:41 PM
tov_tob Urban Explorer: - Quote: Originally Posted by dmitry
Like a couple of pictures to do, but a man came out and said that we should not here to shoot. I wonder on what grounds? I did not at the building site I go.
For these friends usually help wrangle lasting several minutes, after which the body is removed and dissatisfied you keep fotkat.
On the building site you can not just be. Take pictures wherever and whatever permits the Constitution itself.May 4th, 2010, 09:07 PM
Quicksilver: - Well, at least the changes become visible to the naked eye.May 7th, 2010, 05:37 PM
orland Moderator: - Somewhere on 1,5-2 floor already laid out the ground?May 7th, 2010, 05:45 PM
DFAW Urban Explorer: - under the overlapping -1 floor, 8 feet.May 7th, 2010, 05:58 PM
orland Moderator: - 8 meters floor? May 7th, 2010, 06:05 PM
DFAW Urban Explorer: - Look into the drawing, lured, with 5 taking into account the thickness of the slab.
Just krnj said that 8 feet level of the first disclosure
The level of light surface 132.100
-1 Floor 127.600
-2 Floor 124.250
-3 Floor 121.250
-4 Floor 118.250
-5 Floor 115.250
-6 Floor 112.250
-7 Floor 109.250
-8 Floor 106.250
-9 Floor, base plate 103.225.May 7th, 2010, 07:10 PM
ivan_pochta Registered User: - And how do they build? Let into the first floor underground and under him are beginning to somehow dig a second? May 7th, 2010, 08:25 PM
DFAW Urban Explorer: - Yes, indeed, from the top down, the technology is called Top-down NYAZ.May 7th, 2010, 08:29 PM
SashOk UA: - is at least interesting was to monitor the construction site).May 7th, 2010, 09:13 PM
ivan_pochta Registered User: -The design will be a monolithic or steel?May 7th, 2010, 10:22 PM
DFAW Urban Explorer: - Monolithic like, up to 8 th floor, and then the concrete and steel obmonolichennaya with a monolithic kernel. A permanent stand still NYAP will take place from and to.May 7th, 2010, 11:22 PM
USSR-UA I ukraїnets!: - Wow, pereyshli in shvidky rate!May 8th, 2010, 06:12 AM
kenobi: - Oooh very best, nareshtі buduyut. A є yakіs render and then lіnki shukatu?May 8th, 2010, 07:57 PM
DFAW Urban Explorer: - Yesterday morning put another temporary stand, a few photos
ILC-250 from the construction site
Crane and excavation of an early established stands. The link under the picture - a large panorama
Pit from another angle. The link under the picture - a large panorama
Just imagine such a view. Excavator simply beautiful.May 9th, 2010, 08:15 PM
USSR-UA I ukraїnets!: - Thank you for the photo!May 10th, 2010, 07:00 AM|
|According to local residents, the developer in August resumed construction work, and the entire month stepped up their pace.
What affect, this can have to the sp???|
|its this one:
Website is in Russian language but worth a look.|
|Looks like this one:
Does that mean they now have two building under construction?|
|Great News! Construction Resumed!
5:32 03.09.2010 | Economy | All articles Ukr | Rus
Who encroach on the Lavra Belltower?
Protection zones of World Heritage Sites in Ukraine continue to suffer from attacks of irresponsible developers. No sooner had the new Kyiv authorities suspended in August, a devastating construction near Sofia, as almost simultaneously activate another developer, encroaching on their laurels. With the new force has resumed construction on the scandalous Strutinsky street in the capital in the protected zone Lavra Reserve.
It looks like Ukraine and if lucky, a short-lived. August 3, 2010 UNESCO World Heritage Committee removed from the agenda the question of making the St. Sophia Cathedral and Kyiv Pechersk Lavra in the list of objects at risk. This decision was a colossal work of diplomats, guarding the reputation of the state.
UNESCO experts have assured that the new Kyiv authorities, headed by Alexander Popov cope with the problematic points in which its shameful state construction projects. In part, the promises have been fulfilled. For example, the decision to halt construction of residential complex «Fresco Sofia» in the buffer zone of Hagia Sophia in Kiev, at Gonchar 17-23, took the city council and signed by Mayor Leonid Chernovetsky.
However, an example of unfair "colleagues" did not become a lesson for companies KDD Group, which builds in a buffer zone of another monument, protected by Unesco - the Kiev-Pechersk Lavra. According to local residents, the developer in August resumed construction work, and the entire month stepped up their pace.
Reference. Project PecherSKY at Strutinsky 2 in Kiev provides for the construction of the cascade buildings (from 10 to 23 storeys), which will be 197 apartments (total area - about 50,500 square meters. M). The residential complex will have all types of housing - from studios to two-level penthouses, as well as office space and parking for 262 cars.
Complete construction planned at the end of 2009, but prevented the crisis - the work had been suspended. Since the summer of 2010, construction resumed.
Confident in their prospects for the behavior of the builder raises questions: Does such a candid new team of managers of Kiev in his desire to preserve the holy city? Why is one (rightly) ban to build, and another, in exactly the same violators of laws - allowed?|