Portfolio of Assets
UFG Real Estate Fund II and Russian Commercial Properties Partners
Pulkovo Outlet
Unrealized
Total area
20,000 sq.m. outlet complex located on 12.5 ha land plot
Investment Date
November 2011
Developer
Hines International Inc.
Date of construction
In active development stage
Project Description
Joint Venture with Hines Russia to develop a European-format retail outlet shopping complex
Location
Pulkovskoe Shosse, close to St. Petersburg Airport
Real Estate Fund
Agricultural land
Unrealized
Investment Date
June 2008
Project Description
27,660 ha of highly fertile soil in an area with good climate conditions for modern agriculture. Additionally, there are grain sheds with 40,000 tones capacity and grain drying and handling facilities.
Exit Strategy
Create superior returns through registration of title, as well as further development and support of modern large-scale farming operations.
Location
Bryansk region, Sevsk and Suzemsk districts
Industrial Park in the Leningrad region
Partially realized
Investment Date
July 2007
Project Description
Size: 90 ha (net of partial exits, 121 ha acquired initially). Flat surface area subdivided into 30 land parcels of 1.5 ha to 10 ha each. Located within close vicinity of industrial estates of major international car manufactures, as well as of the major roads connecting St Petersburg and Moscow and the newly developed Baltic Sea Cargo Port.
Exit Strategy
Develop and provide a transparent product for industrial developers. Approximately 26% of land plots already sold.
Location
Leningrad region, south of St. Petersburg
Manikhino
Unrealized
Investment Date
November 2007
Project Description
Size: 110 ha. Flat surface. Undeveloped. Bordering forest to the north of the property.
The area around the so-called Nova Riga high way (M9) is conveniently located in proximity of the essential infrastructure. The M9 is already one of the best highways leading into Moscow and in the near term future there are plans to further upgrade the first 50km of the highway.
Location
NovoRiga Highway, Moscow region, about 31 km from the Moscow ring road (the “MKAD”)
Oryol Residential and Retail Development
Partially realized
Investment Date
June 2008
Project Description
Size: 142.7 ha (net of partial exits, 168 ha acquired initially). Flat surface. Undeveloped.
Construction of high-rise apartment blocks is under way on neighbouring properties. Current transport network provides excellent commuting opportunities into the city center.
Investment strategy is built around existing city development plans. Oryol is set to grow and the locations of the acquired land parcels ideally fit into the City’s plans for residential development. Plans to build a new ringroad near UFG’s land plots is expected to further increase their attractiveness, particularly to end-users in the retail sector.
More information about the project can be found on www.obrastsovo.ru
Exit Strategy
Rezone land, develop master plan, cut into smaller land plots and sell to final users. First sales started in 2011 with 15% of land plots already realized.
Location
Oryol region, Obrastsovo settlement
Pulkovo
Partially realized
Investment Date
August 2007
Project Description
Size: 20.3 ha. Flat surface. Undeveloped.
Conveniently located at the junction of the road leading from Pulkovo International Airport and the Moscow-St. Petersburg highway, providing easy access into the city of St. Petersburg.
Exit Strategy
Location advantages make this site suitable for a high quality business park and an airport hotel. Early stage land development undertaken to facilitate construction of 185,000 sq m of office 20,000 sq m of hotel and 15,000 sq m of retail space.
Partial exit achieved through the sale of several land plots.
Location
St. Petersburg
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BLOOMBERG # 1
UFG Russia Select Fund ranked in Bloomberg Emerging Markets Top-10 »
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UFG`S INVESTOR TRIP TO RUSSIA
UFG Asset Management hosted its 3nd annual Investor Trip to Russia, April 24-26, 2012 »
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UFG`S INVESTOR CONFERENCE CALL
UFG AM held investor conference call on April 4 to share market insights and detail recent portfolio moves with regard to the unfolding global debt crisis. »
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UFG AM & DEUTSCHE BANK
Deutsche Bank to increase stake in Deutsche UFG Capital Management to 100 per cent »
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UFG AM RATINGS FOR YEAR 2011