TMM Real Estate Development PLC (FSE: TR61) ("TMM" or the "Company") announced today that it has decided to strengthen its board of directors and improve its corporate governance structure by appointing two non executive directors to the board. Such appointments are consistent with TMM's long-term strategic objective of expanding its presence on the international capital markets. TMM's GDRs are currently listed on the Open Market segment of the Frankfurt Stock Exchange. Maarten van den Belt and Nicholas Enukidze have agreed to join TMM's board in autumn 2010. "We are delighted that two such high calibre individuals have agreed to join TMM's board. I see it as a sign of real confidence...

New section – Products and Services – was opened on TMM's website and is available in Russian and Ukrainian versions. The section includes information about all the products and services provided by TMM Company's subdivisions to third parties. Currently TMM offers its services as a general contractor, conducts construction-assembly works, project design works, provides freighting and transportation services and maintenance services. The company has its own facilities producing construction materials, i.e. ready-mixed concrete, metalware, aluminium and PVC constructions, ventilation and conditioning systems. Among other services provided by the company is development and...

TMM Company closes transaction to acquire Ultra premium-class residential development project located at 20, Otakara Yarosha lane, Kharkiv. The acquisition was realized using credit funds from OJSC Oschadbank as part of the Company's development and market consolidation strategy, which implies acquisition of the projects at final stages of development corresponding to the Company's quality standards. TMM Company will provide maintenance services to the complex and start sales of remaining 111 apartments with the gross area of 13,000 sq m, which amounts to 50% of the total area of apartments, and 52 parking lots. Ultra residential complex was officially put into operation. In order for it...

The experts of Building magazine assigned Sonyachna Brama residential and office complex 5 stars after the project scored 41 points in the expertise. Expert appraisement was based on the following, crucial for a buyer, criteria: experience of the developer, price change outlook, transport accessibility, distance to main roads, consumer characteristics of the construction project, i.e. architectural solutions, internal infrastructure, quality of building materials, convenience of project design, landscaping of the territory and public areas. The expert council included managers of developer, investment and consulting companies. Upon verification the magazine assigns a project "Building...

On 17th April, 2010 TMM Company's management held a scheduled meeting with the investors of Sonyachna Brama residential complex (73-79 Lomonosova st, Kyiv). During the meeting the top managers spoke on the course of construction of Sonyachna Brama residential complex, receiving of special-purpose financing for the project, date of putting into operation of the first stage of the complex, future infrastructure, etc. The company was represented by Nikolai Tolmachov, CEO, Pavel Chyslovsky, Director of TMM in Kyiv, Yuriy Isaiev, Deputy CEO for legal issues and Alexei Govorun, Deputy CEO for strategic development and marketing. Currently, 250 workers are engaged in the project's construction,...

Mykola Tolmachov, general director of TMM Company, took 1st position in the "Construction" section of "TOP-100. Best top managers of Ukraine-2009" rating and 27th position in the general rating of the hundred of the best country's top managers. In 2007 and 2008 Mykola Tolmachov also headed the list of best top managers in construction. "TOP-100. Best top managers of Ukraine" rating is carried out by "Economika" publishing house on an annual basis. It is based on the poll of top managers who assess a company's manager's efficiency in their sector of the market. The respondents assessed the nominee's success, reputation and authority as well as his social and personnel policies, innovation...

OJSC Oshchadbank and TMM have started realization of a mortgage lending program for the buyers of residential real estate in all completed and uncompleted projects of TMM in Kyiv and Kharkiv. According to the terms of the program, OJSC Oshchadbank provides mortgage lending for purchasing apartments in eight completed company's projects and five projects under construction, which is a positive sign for the primary residential market with limited a number of mortgages. OJSC Oshchadbank provides mortgage lending for purchasing apartments in six TMM's projects in Kyiv, including Sonyachna Brama and Aviator residential complexes, which are currently under construction, as well as completed...

TMM implements a corporate standard in control of access to the company's construction objects. The first project with implemented System of access management and control is the company's largest project under construction in Kyiv - Sonyachna Brama residential complex, located at 73-79 Lomonosova st. The system is currently working in a testing mode. After the testing period, which will take several months, the system will be introduced as a corporate standard and will further be used in all the company's construction projects. The System of access management and control represents a complex of measures aimed at the control of compliance with internal regulations and starting up an...

As part of TMM Company's IR activity Nikolai Tolmachov, CEO, Larysa Chyvurina, CFO and Galina Posypailo, IR manager, have taken part in Dragon Capital's 6th annual investor conference which took place on 17th-19th march 2010 in Kyiv. The conference included a series of one-on-one meetings of companies' management and investors. TMM Company has held 14 one-on-one meetings with its existing and potential institutional investors. Among the participants of the conference Dragon Capital 6th annual investor conference were institutional investors, managers of large Ukrainian companies and...

OJSC "Oschadbank" continues financing of TMM Company within existing credit lines targeted at completion of the first stage of Sonyachna Brama residential and office complex located at 73-79, Lomonosova st, Kyiv. Funds provided by OJSC "Oschadbank" fully cover financing requirements for completion of 1st stage of the project and its commissioning in 4th quarter of 2010. By this decision OJSC "Oschadbank" has confirmed its previously approved resolutions regarding the support of strategic clients with whom the bank has many years' positive experience of cooperation. Having secured the funds for 1st stage of Sonyachna Brama complex completion, TMM eliminates the risk of insufficient...