GROUP OF COMPANIES

ContentMessage from President

About us

Kharkiv

History

Strategy

Project portfollio

Capitalist

Centrum

Diamond City

Parytet

Senator

Vizit

Zhukovsky

Contacts

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3

5

11

16

17

18

22

27

32

36

41

44

48

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About UsSince its establishment, the Group has developed extensive contacts among local and foreign developers, contractors, architects and suppliers. Avantazh established also excellent working relationships with municipal officials in Kharkiv, which is partially attributable to its policy of compliance with applicable laws and regulations. Experience, market knowledge and network of contacts are particularly importantas the process of developing property in Ukraineis complex and requires numerous approvals from multiple administrative authorities. This strong name recognition and reputation enables the Groupto attract major buyers to residential propertiesand tenants to its office and shopping centers.

Avantazh Group started its business operationsin 1998 and today is the leading real estate development company in Eastern Ukraine. The Group was one of the first to develop modern commercialand residential properties in Kharkiv, the second largest city in Ukraine with the population around 1.5 million people. Avantazh develops, constructs, owns, leases, manages and sells the vast majority of residential real estate and commercial real estate in Kharkiv, as well as develops projects in Yalta, Evpatoria, Feodosia, cities in Crimea, on the north coastof the Black Sea. For the past ten years, Avantazh received notable recognition as a top real estate developer. The Group has extensive experiencein developing real estate properties having commissioned and sold eleven residential complexes with total gross area of 150,000 sq m, businesscenterand three shopping centers in the central partof Kharkiv City.

Are we young? Well, compared to European colleagues we probably are. However, we are oneof the most experienced companies among all Ukrainian development. Our portfolio containsa sufficient number of successfully completed projects, which can vindicate this statement.

In ten years, Avantazh has turned into a powerful player on the real estate market. It is not only us who should be credited with this achievement, but also those companies with which we are jointly creatinga new image of the independent Ukraine. Cherishing these relations, we have always been and will be grateful to our partners.

We will look forward to seeing you in that number.

Dear Colleagues, Partners, and Friends, let me briefly present in these welcoming remarks, The Group I have the honor to lead.Avantazh Group of Companies key businessis development and construction of residentialand commercial properties.Avantazh Group was founded in Ukraine in 1998.The Group was instrumental in reviving the construction sector in Kharkiv, the second largest city of Ukraine. Following the breakup of the USSR, we were the firstin Kharkiv to engage in commercial property development. At the same time, Avantazh has come to leadthe highrise construction trend in the city andis preserving its leading positions in this field to this day.

A Message from Anatoliy Denysenko,President

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This segment focuses on residential buildings and large residential areas in Kharkiv. Most of the buildings are large highrise apartment complexes with a high number of residential units. Insignificant areas in the most of residential buildings are designed as administrative and/or commercial space. Typically, Avantazh develops and constructs the buildings with a view to selling all of the residential units to private individuals, who will own and reside in such apartments. With respect to common areas and administrative space, the Group typically continues to hold and manage it both for held and sold residential properties.

This segment focuses on office buildings and shopping centers, all of which are located in Kharkiv. It is intended that shopping centers will contain a varietyof clothing stores, food and specialty retailers and leisure facilities, such as cinemas, food courts, restaurants while some of the shopping centers may also contain office units. Typically, the Group developsand constructs commercial properties with a viewto holding and managing them. However, Avantazh consider the options of selling its shopping centersas entire business to institutional investors.

Residentialproperties

Commercialproperties

Avantazh Group has organised its overall business into the following two business segments:

OUTSTANDING CITY

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High concentration of scientific and educational institutions in the city promotes the further spread of knowledge and its use in various sphere of activity. Kharkiv scientific schools of fundamental research are leadingin the fields of solidstate physics, cryobiology and cryomedicine, manufacture of crystals, cryogenics, genetics and selection and are widely known all over the world

History of Kharkiv is more than 350 years and it is full of traditions and unique history.The area of the city is 30 thousand hectare,the population 1.5 million people. Due to its convenient geographical position the city was increasingits economic power and developing its transport system during the centuries. Today there are 12 railway and bus stations, one international airport,and an advanced system of public transport in the city.Extension of roads in the city is 1.5 thousand km. Kharkiv underground system is the second largestin Ukraine. It consists of 26 stations; the total extension of lines is 33.04 km.

Hightech industry enterprises: power machine building, electrotechnical industry, transport and agricultural mechanical engineering, instrumentmaking industry, radio electronics, aerospace industry are the basis of industrial potential.

Production of many Kharkiv enterprises, particularly such hightech industries as modern tanks and planes productions, is wellknown in the world market.

Due to these and other factors Kharkiv is a centerof business tourism. Businesstourists make a significant part of tourist flow in the city of Kharkiv. Considering constant increase of interest of business touriststo Kharkiv, new business and the congress centers, new hotels, which meet the world standards, are being built in the city and old hotels are being restored. Today the leaders of hotel business of Kharkiv are such hotels as «Aurora» (4*), «Cosmopolit» (4*), «Сhichikov» (4*) and «Kharkiv» (4*).

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Restaurant business of Kharkiv steadily becomes more versatile. The dishes of the Ukrainian cuisine enjoythe deserved popularity far outside the country. However, one should not forget that Kharkivis traditionallyan international city and that is why dishes and drinks of different nationalities

are combined in the menu of cafes and restaurants.

Historical heritage of the city contains a big number

of monuments of different centuries. Kharkiv has

a plenty of architectural unique monuments of 19th20th centuries, but also it has outstanding buildingsof the earlier period (Pokrova Cathedral and Uspensky Cathedral, the old building of the University, etc.).

Our city is open for friendship and cooperation; it establishes connections with cities from all over the world. Kharkiv successfully realizes joint international projects, in particular in the sphere of tourism development. The city of Kharkiv actively develops the municipal partnership relations with 17 foreign partnercities.

Among the monuments of monumental architecture there are: one of the best in the world Monument to Taras Shevchenko and the monument to Vasyl Karazin and many other which draw attention. Technical thought monuments (the oldest observatory in Ukraine, etc.) are also of considerable interest.Gardens (6) and parks (26) (among them there is the University Botanical Garden the oldest in Ukraine,Lesopark and Memorial Complex) are of a great historicalarchitectural value.

Kharkiv is the only city in Ukraine which was rewarded with three main European awards by the Councilof Europe: the Flag of Honour, the European Diploma,the Plaque of Honour for active promotion of the ideaof European unity

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Kharkiv as one of the cities where the matchesof the European Football Championship EURO 2012is going to be carried out. The city will become a tourist centre not only for Slobozhanshchyna, but alsofor whole Ukraine

19982003. The Group started developing the residential property market with building residential properties in Kharkiv located at the Moskovsky Ave., Klochkivska St., Lebedynskoho St., and Oleksiyivska St. Avantazh acted as a design client here. It was at that time that the development business was launched. The Group ceased being a building contractor only, and turned into an entity independently deciding on what properties and where it is going to develop.

The year 2002 was notablefor a unique project for that time, namely, the development of the first new commercial property in Kharkiv — the Prizma Shopping Center was launched close to a busy city thoroughfare. Since that time, commercial properties have become a fullyfledged and rapidly growing business within the Avantazh Group portfolio. Upon completion of the Prizma Shopping Center in 2003, the Group contracted developmentof the MegaPrizma Shopping Center. The scopeof shopping center projects has increased substantially since that time and Avantazh set its sights on implementing the first shopping mall project in Kharkivin 2008.

Establishing the Development and Project Management Business

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The years 2006 2007

were decisive in consolidating this Group, when efforts

were launched and successfully completed to arrange

for their most effective interaction.

This has contributed significantly to a growing interest

in Avantazh projects on the part of both Ukrainian

and foreign partners and investors.

In 20072008, Avantazh made

a significant focus on development of its investment

business. Its financial arm AvantazhEstate was

established in late 2007. This company manages

construction financing funds and real estate transaction

funds.

Avantazh Capital Management, an asset management

company, was established in 2008. This new entity

is intended for managing the assets of shared invest

ment institutions.

Consolidating a Group of Companies20032006. With the launchof the Olympus Residential Complex, the Corporation has inaugurated an era of highrise constructionin Kharkiv. The significance of the Olympus Residential Complex is that it was the first residential building, where cast concrete and frame structures were applied. This was followed by the Pioneer Residential Complex, a building at Lyapunova St., and a new Avantazh Residential Complex, whose constructionis still in progress. All the above buildings are premium residential properties. Avantazh is still holding the top position in the segment of new elite properties. One example is the Kharkiv's first de luxe Favorit Residential Complex and a number of premium properties, which are still in the pipeline.Thanks to its Olympus, Pioneer, and Avantazh residential projects, the Group has gained significant expertise in developing highrise buildings.

20072008. The Avantazh Investment and Development Group started development of two business centers — the Capitalist and the Diamond City. These will be followed by a largescale development of a multipurpose complex.The Group has significantly increased its sharein the segment of economy class residential properties. In 2008, it commissioned three buildings of this class. Avantazh continued the development of commercial properties, with commissioning of the Vizit Shopping Center, and completion of construction of the Capitalist Business Center. Avantazh has embarked on comprehensive development of urban areas. This involves a new residential block in one of city's residential areas, whose preconstruction design has been approved by the Kharkiv Urban Development Board.

At the same time Avantazh has succeeded in integrating construction, production, and engineering enterprises into a Group of Companies. Each company holds leading positions in its respective area. At the same time, all of them combined represent a transparent and clear entity attractive for investors.

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AVANTAZH

AVANTAZH14 15

COMPLETEDOBJECTS

OLYMPUS

OLYMPUS

PIONEER

PIONEER

PIONEER

LYAPUNOVA

LYAPUNOVA

TODAYWE DEVELOPFUTURE!

• Focus on high growth real estate segments• Continue to build a diversified portfolioof investment properties• Expand to major cities in Ukraine• Continue to build a pipeline of attractive properties for future development• Manage its real estate portfolio• Selectively outsource portionsof the development process to leading business partners

The main elements of the currentstrategy are the following:

Properties in operationThis group consists of the completed and commissioned properties operated and managed by Avantazh Group.

Properties at construction stageProperties at any stage of construction fall underthis category.

Properties under project developmentThis group includes properties at any stage afterthe architectural and planning assignment is issued and until the construction permit is issued by the local architectural control authorities.

Properties held for development This category comprises pipeline deals, i.e., property at any stage starting from the time when either ownership or land lease rights are securedfor the tobedeveloped land plot and until the architectural and planning assignment with respectto the property is approved and issued by the local department for architecture and construction.

Real estate portfolio includes properties at various stages of development categorized into the following four groups:

With 21 properties at different stages of development and construction with total GBA over 1.1 mln sq m (over 12 mln sq ft), Avanatazh Group is the leading real estate development company in Kharkiv and one of the leading developers in Ukraine.

Project portfolioAvantazh Group’s property portfolio includes properties in operation, under construction, under development, and properties held for development. In particular, the Group currently has fifteen propertiesin operation, six properties under construction,ten properties under development, and five properties held for development.

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Avantazh is successful and dynamic growth Groupof companies leading in the segment of residentialand commercial real estate development and property management.We develop future because our projects forma character of the city and become its architectural brand reflecting the highest construction technologies and daring architectural concepts. With our stability, powerful productive capacity and professionalismwe create comfort, convenience and cosinesof our citizens.

MissionAvantazh Group’s midterm objective is to maintain and strengthen its position on the Kharkiv’s competitive real estate market. It intends to accomplish this objective by leveraging its experience and selective development of quality properties. The Group intends to continue adapting successful international concepts and practices to the Ukrainian real estate market.The longterm prospect of the Avantazh Groupis to commence development work in other major cities of Ukraine beyond Kharkiv and ultimately to become the leading real estate developer in Ukraine.

Strategy

Capitalyst office center

OFFICE CENTER

The development of The Capitalist takes placein Kharkiv on Otakara Yarosha Alley. The propertyis an office center with underground parking occupying the land plot with the total area of 0.2 hectares. The site benefits from the convenient public transportation network, including «Botanichniy Sad» underground station, and is only 2.3 kilometres away from the city centre with easy access by car. Capitalist is designed to include retail premises and office space. The complex features B+ premises equipped with modern engineering and technical systems. Construction began in February 2007 and was completedin December 2008.

The location area of the multifunctional complex

is highly supplied with various means of public

transportation. Numerous route taxis, bus and trolley

bus routes are concentrated within a walking distance

on Lenina Avenue. Botanic Garden metro station

situated in close proximity (18 meters) is the additional

convenience. The owners of private vehicles can easily

reach the subject property from any part of Kharkiv

due to the satisfactory condition of the city roads.

The Capitalist is 12storey building with the total area

of 13.350 square metres with 7.400 square meters of

office space; 920 square meters of retail space, 240

square meters for food court, and 700 square meters

of the underground parking for 20 parking lots. The

following table shows the planned allocated usage of

space at Capitalist:

Office

Retail

Parking/places

7.400

920

20

Total Area, sqm

18 19

The convenience of The Capitalist accessibility is assured by a cityforming Lenina Avenue located in the close proximity (50 meters) to the complex. The Avenue provides a connection of the city center with two densely populated districts of Kharkiv.

The location area of the residential complex is highly supplied by various means of public transportation. Numerous route taxis, bus and trolleybus routes are concentrated here. Botanic Garden metro station situated in close proximity (40 meters) is the additional convenience. The owners of private vehicles can easily reach the subject property from any part of Kharkiv due to the satisfactory condition of the city roads.

Accessibility Location AnalysisThe district where the office center is situated is in close proximity to the historical center of Kharkiv and belongs to the city central business district. The surrounding area is considered prestigious with highly developed level of infrastructure and hence the high demand for both commercial and residential real estate.

The Capitalist has all necessary infrastructure available within a walking distance from the subject land plot. Retail and sport/entertainment complexes are the main attractors of pedestrian and transport flows. Numerous restaurants, shopping center, Misto entertainment center and several sport clubs are located nearby.

The microregion of the property location is boundedby Lenina Avenue, Otakara Yarosha Street, Otakara Yarosha Alley and Klochkivska Street. The neighbouring residential stock is represented predominatelyby residential buildings hardly ever exceedingthe 10storey level. The area also features retailand office real estate.

The subject land plot is 2.2 kilometres distant fromthe city center, 5.5 from the South railway station, 6 kilometres from the municipal bus terminal, 12from the Kharkiv airport

Project type: For saleProject advancement: FinalisedThe offer: Acquisition of completed object

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The convenience of The Capitalist accessibility is The convenience of The Capitalist accessibility is assured by a cityforming Lenina Avenue located in the assured by a cityforming Lenina Avenue located in the close proximity (50 meters) to the complex. The close proximity (50 meters) to the complex. The Avenue provides a connection of the city center with Avenue provides a connection of the city center with two densely populated districts of Kharkiv.two densely populated districts of Kharkiv.

The location area of the residential complex is highly The location area of the residential complex is highly supplied by various means of public transportation. supplied by various means of public transportation. Numerous route taxis, bus and trolleybus routes are Numerous route taxis, bus and trolleybus routes are concentrated here. Botanic Garden metro station concentrated here. Botanic Garden metro station situated in close proximity (40 meters) is the additional situated in close proximity (40 meters) is the additional convenience. The owners of private vehicles can easily convenience. The owners of private vehicles can easily reach the subject property from any part of Kharkiv reach the subject property from any part of Kharkiv due to the satisfactory condition of the city roads.due to the satisfactory condition of the city roads.

AccessibilityAccessibility

The Centrum mixeduse complex is to be located on a 2.3 hectare land plot in a densely populated area of Kharkiv micropolis. The site benefits from good public transport links, including «Botanichniy Sad» underground station, and is only 2.1 kilometres away from the city centre with convenient access by car. Centrum is designed to include 130.600 square meters space.

The property is designed to include 61.300 square metresof leasable space, 7.340 square metres of apartments and 32.000 square metres of underground parking

The development of the project is to be implemented in two stages. The first stage provides for construction of an 18storey businessclass residential building with a threelevel underground (805 parking places) and ground parking (226 parking places) and builtin retail premises. The second stage is a 22storey Aclass shopping and office complex.

MIXEDUSE

Centrum MixedUse

Office

Retail

Public Catering

Parking/places

25.100

36.200

7.340

805

Total Area, sqm

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The subject land plot is situated in the northern partof Kharkiv on the terrain of Sarzhyn Yar. The microregion of the property location is bounded by Lenina Avenue, Minska Street, Minskyy Lane, Otakara Yarosha and Sarzhynska Streets. Being situated along Lenina Avenue the projected complex has great visibility from the sixlane highway, entry of the Botanic Garden metro station and Otakara Yarosha Lane.

Administrative district where the mixeduse propertyis situated is in close proximity to the historical centerof Kharkiv and belongs to the city central business district. The surrounding area is considered prestigious with highly developed level of infrastructure and hence the high demand for both residential and commercial real estate.

Location Analysis

The territory of The Centrum features free of development area with trees and shrubby greenery, territory without power lines and site with a footpathto the Sarzhyn Yar spring. The adjacent surroundings are: land plot under development of Diamond City office center, south entry of the Botanic Garden metro station, area of the spring and a pavement along Lenina Avenue. The neighbouring residential stockis represented predominately by highrise residential buildings up to 24storey level and 712storey administrative buildings typical for the XXth century. There is also a private housing sector and Myr hotelin close proximity to the subject property.

The Centrum has all necessary infrastructure available within a walking distance from the subject land plot. Shopping and sport/entertainment complexes arethe main generators of pedestrian and transport flows in the area. The majority of largescale retail schemes are concentrated along Lenina Avenue in the northern and southern parts of the district. Numerous restaurants, Misto entertainment complex and specialty supermarkets, administrative institutions and educational establishments are located nearby. The areaalso features office complexes operating in the buildings of former scientific research institutesand newbuilt business centers.

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OFFICE CENTRE

The convenience of the subject property accessibility is assured by a cityforming Lenina Avenue located in the close proximity (18 meters) to the complex. The Avenue provides a connection of the city center with two densely populated districts of Kharkiv. Moreover developed transportation junction assures access to all parts of the city and objects of city importance.

The location area of the multifunctional complex is highly supplied with various means of public transportation. Numerous route taxis, bus and trolleybus routes are concentrated within a walking distance on Lenina Avenue. Botanic Garden metro station situated in close proximity (18 meters) is the additional convenience. The owners of private vehicles can easily reach the subject property from any part of Kharkiv due to the satisfactory condition of the city roads.

The subject land plot is 2.2 kilometres distant from the city center, 5.5 from the South railway station, 6 kilometresfrom the municipal bus terminal, 12 from the Kharkivairport

Accessibility

Project type: Creation

Project advancement: Under development

The offer: Participation in JV26 27

The administrative district where the property is situated is in close proximity to the historical center of Kharkiv and belongs to the city central business district. The surrounding area is considered prestigious with highly developed level of infrastructure and hence the high demand for both commercial and residential real estate.

Location AnalysisThe Diamond City is expected to be class «A» office centre located on a 0.5 hectare site in the densely populated district of Kharkiv. The site benefits fromthe convenient public transportation network, including «Botanichniy Sad» subway station, and is only 2.2 kilometres away from the city centre with easy access by car.

The property is designed to have one 12storey building with the total area of 19.100 square metres and 10.500 square metres of office useable space. The complex is also expected to include 490 square metres of retail space, 990 square meters for food court, and 2.360 square meters of the underground parking for 56 parking lots as well as the open air guest parking for 22 cars.

As of March 2009 45% of construction works is completed and expected to be commission in Q3 2009.

Office

Retail

Public Catering

Parking/places

10.500

490

990

56

Total Area, sqm

Diamond City

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The microregion of the property location is boundedby Lenina Avenue and Otakara Yarosha Street.The neighbouring residential stock is represented predominately by highrise residential buildings(up to 16 storeys). The adjacent stock includes both aged buildings and new construction with commissioning pipelined for 20082014. The area also features retail and office real estate.

Project type: Creation/For saleProject advancement: Under constructionThe offer: Participation in JV/ Forward contract for unfinished object

The transport thruways provide convenient accessto all Kharkiv administrative districts and establishmentsof city importance. The subject land plot is 2.2 kilometres distant from the city center, 5.5 fromthe South railway station, 6 kilometres from the municipal bus terminal, 12 from the Kharkiv airport.

The location area of the residential complex is highly supplied with various means of public transportation. Numerous route taxis, bus and trolleybus routes are concentrated here. Botanic Garden metro station being 10 meters distant from the land plot is the additional convenience. The owners of private vehicles can easily reach the subject property from any part of Kharkiv due to the satisfactory condition of the city roads.

AccessibilityThe convenience of the subject property accessibilityis assured by a cityforming Lenina Avenue locatedin the close proximity (20 meters) to the complex.The Avenue provides a connection of the city center with two densely populated districts of Kharkiv.

The Diamond City has all necessary infrastructure available within a walking distance from the subject land plot. Retail and sport/entertainment complexes are the main attractors of pedestrian and transport flows. Numerous restaurants, shopping center, Misto entertainment center and several sport clubs are located nearby. The Mir Hotel is also in close proximity to the subject property.

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MIXEDUSE

AccessibilityThe convenience of the subject property accessibilityis assured by cityforming Lenina Avenue and Sumska Street located in the close proximity to the complex. The location area of the land plot is highly suppliedby various means of public transportation.

There are three metro stations (Naukova, University and Gosprom) situated within a walking distance from the subject property. Moreover the owners of private vehicles can easily reach the subject property fromany part of Kharkiv due to the satisfactory conditionof the city roads.

The subject land plot is 3,150 meters distant fromthe railway station, 3,400 meters from the bus station and 10,250 meters from the Kharkiv airport

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The project is a residential and shopping complex occupying the land plot with the total area of 0.42 hectares located in the center of Kharkiv at the intersection of Trynklera Street and Danylevskogo Street. The Parytet multifunctional scheme with the gross area of 33,440 sqm is a complex of residential premises and areas provided for shopping, sport and recreation purposes and underground parking.The property boasts a modern architectural design and will be built using the latest available technology. It will have a modular system of office premises, a multilevel underground parking, and all necessary engineering infrastructure as well as developed adjacent area.

Project type: CreationProject advancement: Development conceptThe offer: Participation in JV

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The Parytet has all necessary infrastructure available within a walking distance from the subject land plot:

shopping centers and specialty stores, cafes, restaurants, bank branches, educational establishmentsand entertainment institutions, swimming pool and sport complexes. The additional advantages of the property location are parks named after Gorkyy and Shevchenko and Independence square located nearby.

Location AnalysisAdministrative district where the property is situatedis in close proximity to the historical center of Kharkiv and belongs to the city central business district.The surrounding area is considered prestigious with highly developed level of infrastructure and hencethe high demand for both residential and commercial real estate.

The subject property is bounded by Trynklera Street from the southwest and Danylevskogo Street fromthe southeast. The neighbouring residential housingis represented by aged 5storey buildings, administrative buildings of standard design typical for the middle of XXth century and new highrise stock upto 25storey level.

Retail

Residental

Fitness Centre

Parking/places

7.500

21.780

2.700

255

Total Area, sqm

Currently the land plot for the Senator development has buildings which are scheduled for demolition occupying about 70% of the area. The subject area and adjacent buildings are in need of landscaping and reconstruction.

The Senator mixeduse complex with underground parking occupying the land plot with the total area of 0.28 hectares located in the center of Kharkiv at 29, Pushkinska Street. The gross area of Senator multifunctional scheme equals to 15,350 sqm. The complex is Aclass of upper price segment.

Senator mixeduse

Office

Retail

Parking/places

4.780

3.550

94

Total Area, sqm

MIXEDUSE

36 37

Administrative district where the property is situatedis in the historical center of Kharkiv and belongsto the city central business district. The surrounding area is considered prestigious with highly developed level of infrastructure and hence the high demandfor both commercial and residential real estate.

The microregion of the property location is boundedby Chernyshevskogo Street, Skrypnyka and Pushkinska Streets. The neighboring stock is representedby residential, office and retail buildings. The heightof residential development hardly ever exceedsthe 5storey level and includes both aged andnew buildings. Puskinska Street is characterizedby considerable vehicle and pedestrian flows being one of the main Kharkiv transport arteries. This factoris extremely important due to facade locationof the subject property.

Location Analysis

AccessibilityThe convenience of the subject property accessibility is assured by a cityforming Pushkinska Street and close proximity of Sumska Street (500 meters), Poltavskyy Shlyakh (1,200 meters) and Gagarina Avenue (2,500 meters) providing connection between the center and other city districts.

Besides the mixeduse complex Avantazh considersthe possibility of the hotel property development (3*** or 4**** category). In the aspect of European football championship «Euro2012» the development of hotel property is relevant because in segments of these categories deficit number of rooms and a high midannual indicator of occupation level will remain

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The Senator has all necessary infrastructure available within a walking distance from the subject land plot: shopping centers, cafes, prestigious restaurants, several bank branches, boutiques, educational establishments and entertainment institution. The office and retail premises including both shopping centers and specialty stores are concentrated mainly in the eastern part of the microdistrict. The majority of infrastructure objects are located on the first floors of residential buildings forming retail streets.

SHOPPING CENTRE

Vizit shopping centre is located on 2 land plots – one for the shopping centre itself with the total area of 0.62 hectare and the other – for the open air parking with the total area of 0.38 hectare. Vizit is located in the densely populated district of Kharkiv. The site benefits from the convenient public transportation network and is only 2.45 kilometres away from the city centre with easy access by car. Vizit shopping centre, which was developed by the Group and commissioned in July 2008, is one of the first modern retail centres in Kharkiv.

The property has one 2story building, with the total area of 7.400 square metres with 5.750 square meters of usable space for retail, and additional 300 square meters for food court. The complex is also includes open air parking for 70 parking lots.

The location area of the residential complexis highly supplied with means of public transportation. Several metro stations are concentrated here:

• Architect Beketov located a distance of 250 meters;

• Historical Museum – 650 meters;

• Radyanska – 700 meters;

• University – 1,135 meters distant from the subject property.

Moreover the public transportation is also represented by tram routes. The owners of private vehicles can easily reach the subject property from any part of Kharkiv due to the satisfactory condition of the city roads. The subject land plot is 2,900 meters distant from the railway station, and 9,000 meters from the Kharkiv airport.

Project type: CreationProject advancement: Development conceptThe offer: Participation in JV

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The property has all necessary infrastructure available within a walking distance from the subject land plot: shopping centers and specialty stores, fastfood, cafes, restaurants, drugstore, educational establishments and entertainment institutions. The retail premises are concentrated mainly in the eastern and southeastern parts of the microdistrict along Svobody Square and Lenina Avenue.

The microregion of the property location is boundedby Klochkivska Street, Romena Rollana and Passionariyi Streets. The neighbouring residential housingis represented by both aged stock of standard design typical for the middle of XXth century and new highrise buildings up to 16storey level.

Project type: For saleProject advancement: FinalisedThe offer: Acquisition of completed object

The subject land plot is 2,500 meters distant from the railway station, 3,800 meters from the bus station and 10,600 meters from the Kharkivairport

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Administrative district where the property is situatedis in close proximity to the historical center of Kharkivand belongs to the city central business district.The surrounding area is considered prestigious with highly developed level of infrastructure and hencethe high demand for both commercial and residential real estate.

Location Analysis

The convenience of the subject property accessibilityis assured by facade location on a cityforming Klochkivska Street. The Street provides a connectionof the city center with Pavlove Pole and Oleksiyivka districts of Kharkiv. Moreover the close proximityof Romena Rollana Street affords a junction betweenthe Klochkivska Street and Svobody Square– a central square of Kharkiv.

Accessibility

The location area of the shopping complex is highly supplied by various means of public transportation. Numerous route taxis, bus and tram routes are concentrated along Klochkivska Street at a 50 meters distance from the subject land plot. Naukova and University metro stations situated nearby (at a distance of 600 meters and 900 meters correspondingly) are the additional convenience. The owners of private vehicles can easily reach the subject property from any part of Kharkiv due to the satisfactory condition of the city roads.

SHOPPING MALL

It is planned to construct a shopping and entertainment mixed use complex including a supermarket, cinema theatres, restaurantclub, boutique area and a sport club, bowling, office rooms as well as a multilevel parking and overground car parking. An interesting solution in the master layout scheme is that the mixed use complex faces one of the central streets of the city allowing to change zoning direction, to arrange an open car parking in this area, to provide an alternative architectural design for the public park area.

The Zhukovskyy is a multifunctional complex occupying the land plot with the total area of 2.85 hectares located in the park area of Kharkiv on Belgorodske Highway. The multifunctional scheme with the gross area of 84.000 sqm is a modern highquality building with underground and ground parking, builtin retail and office premises and entertainment component.

ZhukovskyyShopping Mall

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The subject land plot is bounded by Academician Proskura Street, Chkalova Street, Belgorodske Highway and forest park area. The adjacent residential stock is represented by 5storey buildings of standard design typical for the middle of XXth. The real estate of the neighbouring area includes residential buildings, smallscale retail schemes and buildings provided for social purposes. The infrastructure of the district is represented mainly by educational establishments, social and medical institutions and sport complexes located within a walking distance from the subject property.

The administrative district where the property is situated is in relative proximity to the historical center of Kharkiv. The surrounding area is determined by exceptional ecological conditions. Being located at the intersection of Belgorodske Highway and Chkalova Street the subject property is in close proximity to the forest park which is the biggest recreational zone in Kharkiv. Moreover it is a large leisure area in the northern part of Kharkiv. It makes this part of Kyivskyy district one of the most ecologically safe regions of the city and consequently prestigious with high demand for residential real estate.

The convenience of the subject property accessibility

is assured by developed net of public transportation.

The area is supplied by numerous route taxis, tram

and trolleybus routes passing by Belgorodske

Highway. There is no metro station within a walking

distance from the land plot, however University metro

station is easily reached in 1015 minutes by proxi

mate means of public transportation. The owners of

private vehicles can get to the subject property from

any part of Kharkiv with no difficulties due to the

satisfactory condition of the city roads. Moreover the

land plot is located comparatively close to the Kharkiv

circle road.

The subject land plot is 7,800 meters distant from the railway station, 7,400 meters from the bus station and 13,600 meters from the Kharkiv airport

Location Analysis

Accessibility

Project type: Creation

Project advancement: Under development

The offer: Participation in JV

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Avantazh Group+38 (0) 57 700 44 10+38 (0) 57 700 44 12 Fax20 C Kultury Street

61058 Kharkiv, Ukraine

www.avantazh.eu

www.avantazh.ua

Contact Persons:Business development opportunities: Oleksii KORNILOV, oleksii.kornilov@avantazh.ua

Project management: Oleksandr BIELIKOV, belikov@avantazh.ua

Architecture and design: Sergii BUSHMANOV, bush@avantazh.ua

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