21 October 2015
PJSC OPIN
H1 2015 SALES RESULTS IN KEY PROJECTS
Highlights:
For the H1 2015 the Company signed 451 contracts all totaling RUB 4,275 mln, mainly in line with last year's results accounted for RUB 4,523 mln in H1 2014. Out of total contracted revenue Pavlovo 2 brought RUB 114 mln, Pestovo RUB 638 mln, Martemyanovo RUB 0 mln, Pestovo Life RUB 38 mln, Vesna RUB 1,006 mln, Park Rublevo RUB 2,141 mln and Pavlovsky Kvartal RUB 338 mln.
Considerable share of contracted revenue accounts for multi-apartment residential complexes (82%), as Company has shifted its focus from high-budget individual housing to high demand mass-market segment.
Share of mortgage contracts was 26% in revenue structure.
Share of contracts with deferred payment terms (max within 1 year) was 10%.
Total cash collected was RUB 4,261 mln.
Average prices per sq. m were: Park Rublevo RUB 264.2 K for class A and RUB 180.2 K for class B, Vesna RUB 75.4 K, Pavlovsky kvartal RUB 74.0 K.
Project | Total signed in H1 2015, units | Contracted revenue for H1 2015, RUB mln | Cash collected in H1 2015, RUB mln |
Pavlovo 2 | 3 | 114 | 120 |
Pestovo | 18 | 638 | 420 |
Pestovo Life | 8 | 38 | 50 |
Martemyanovo | 0 | 0 | 9 |
Vesna | 269 | 1,006 | 1,164 |
Park Rublevo | 69 | 2,141 | 2,180 |
Pavlovsky Kvartal | 84 | 338 | 318 |
Total | 451 | 4,275 | 4,261 |
AboutOPIN
Established in 2002, PJSC OPIN is one of the leading real estate development companies operating in Russia.
OPIN's mission is to build unique real estate in attractive developments that enhances the lives of residents of Moscow and the Moscow Region. Taking forward its recognised track record in the development of residential and commercial real estate, OPIN focuses on the delivery of modern multi-format, high quality housing communities with a wide social and supporting commercial infrastructure. The Company always adheres to OPIN standards and aims to provide its customers of various income levels real estate of European quality.
The Company's majority shareholder is ONEXIM HOLDINGS LIMITED, a major private investment group in the CIS region with a diversified portfolio of assets in mining, real estate, financial services, media, energy production and high-tech.
Further details can be found on the OPIN website at www.opin.ru
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