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Afi Development Business Case

In:

Submitted By astsurkan
Words 4285
Pages 18
AIBEC
BUSN250 IT for Business
Final Case

Alexander Tsurkan

2010

Abstract and Company background
AFI Development is a leading developer of unique large-scale projects in Moscow, the Russian regions, Ukraine and the CIS. Established in 2001, AFI Development focuses on developing and redeveloping high quality commercial and residential real estate assets including offices, shopping centers, hotels, mixed-use properties, and residential projects. The Company's strategy is to sell the residential properties it develops and to either lease the commercial properties or sell them for a favourable return.
In May 2007, AFI Development was successfully admitted to the Main Market of the London Stock Exchange. Through its IPO the Company raised a total of approximately US$1.4 billion. The Company delivers shareholder value through a commitment to innovation and continuous project development, coupled with the highest standards of design, construction, and quality and customer service.
AFI Development has a portfolio of 34 residential, commercial and mixed-use real estate projects in 20 locations throughout Russia and Ukraine, altogether comprising over 3.8 million square meters under development. 90% of the Company's projects are based in Moscow and represent 95% of Net Asset Value. The projects include office, retail and residential premises, multi-functional complexes and hotels in Moscow, St. Petersburg, Perm, Volgograd, Kislovodsk, Zheleznovodsk and Kiev.

Main projects:

1. AFIMALL CITY

AFIMALL CITY is a shopping and entertainment center, located in the core of Moscow City - the largest and most ambitious investment and development project in Europe. The entire Moscow City development project is the first of its kind in Russia and a unique project comprising innovative architectural approaches and multi-functional infrastructure.

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