09/11/2006 The London Stock Exchange is delighted to welcome Sistema-Hals to the Main Market.
09 November 2006
The London Stock Exchange is delighted to welcome Sistema-Hals to the Main Market.
Sistema-Hals is a leading Russian property development company engaged in real estate development, project and construction management, real estate asset management and facility management. The Company’s development efforts are currently focused on Class A and Class B office buildings, shopping centers, mixed-use retail and office complexes, single-family houses, business class residential apartment buildings and land development.
Since its inception in 1994, the Company has built up an extensive portfolio of assets balanced between different growing segments of the market. Sistema-Hals has successfully completed more than 30 projects in Russia with a total area of more than 250,000 sq.m. Completed projects include the DaimlerChrysler headquarters in Moscow, the Hals Tower office building, the future headquarters of TMK, the largest manufacturer and exporter of pipe products in Russia, and a hotel for Orco Property Group that will be included in the MaMaison hotel chain. In addition, Sistema-Hals is currently developing Leningradsky Towers, one of which will be Siemens’ Moscow headquarters.
Commenting on the Company’s listing, Felix Evtushenkov, President of Sistema-Hals:
“This is a very exciting development for our company. Through the London Stock Exchange we reach out to international markets and introduce investors from all over the world to our company and to the Russian real estate market. We intend to realise this sector’s potential for the benefit of our shareholders in the coming years.”