Esta Holding

The largest Ukrainian investor in the real estate sector

Having consolidated existing assets in real estate, the biggest Ukrainian financial and industrial group System Capital Management established an industrial holding ESTA Group. Today ESTA Group is one of the most successful players in the Ukrainian real estate market and the biggest private company that annually invests over $50m of own funds in business development.  The Group's portfolio includes operating facilities, construction sites and a land bank with the total value of over $500m. In addition, ESTA Holding plans to invest

more than $500m in development of new projects over the next five years. ESTA Holding is responsible for making strategic decisions for ESTA Group business development.  ESTA's activity is focused on three core business areas: investment and development of commercial and residential real estate of premium segment; hotel business; management and maintenance of real estate. ESTA Group is a responsible corporate citizen. Before making any decision, we assess its contribution to economic and social development of Ukraine.

ESTA Group Reconstructs Kiev Hotel in Donetsk

As part of Ukraine’s preparations to host Euro 2012 ESTA Group is reconstructing Kiev Hotel in Donetsk. The company Proekt-2012 under umbrella of ESTA Group has completed acquisition of the integral property complex of Kiev Hotel located in Voroshilovsky district of Donetsk. The transaction totaled to UAH 24.6m. Along with it ESTA Group assumed obligations to bring Kiev Hotel to the global standards. "Accommodating guests of Euro 2012 on the highest level is a priority objective set to the hotels of ESTA Holding," stated Nikolay Nesterenko, General Director of ESTA Holding, the managing company of the Group.   "Today we take the responsibility to reconstruct Kiev Hotel in Donetsk. We are confident that

existing practices will help us create a top-class hotel to the global standards."   The reconstruction concept is currently being finalized and will be approved in near future. Now ESTA Group owns two hotels: Opera Hotel (Kiev) and Donbass Palace (Donetsk), the only Ukrainian members of prestigious international organization The Leading Hotels of the World. As part of preparations to the championship Opera Hotel and Donbass Palace were the first among Ukrainian premium-class hotels to sign agreements with TUI Travel, the official tour operator of Euro 2012.   Kiev Hotel was opened in 1973. The four-storey building of 5,665 sq m has 45 rooms not certified according to the State Standards of Ukraine (DSTU).

Nikolay Nesterenko in Top-10 Most Effective Senior Managers in Real Estate

Nikolay Nesterenko, Chief Executive Officer of ESTA Holding, has been listed in Top-10 Most Effective Senior Managers in Real Estate, according to the rating developed by Ukraine's major specialized real estate magazine, Building Business. The rating comes from a survey of 33 real estate market players: general contractors, brokers and legal companies. Effectiveness criteria included: continued design and construction works by the company managed by or with participation of the senior manager; successful investment raising deals in 2009 and purchases/sales of property concluded

with participation of the senior manager. "It's not an appraisal of me but of the entire ESTA team, where I am lucky to work", says Nikolay Nesterenko. In the tough 2009, we managed to keep revenues on the pre-crisis level and continue key projects of ESTA Group: Pushkinskiy mixed-use complex and a mixed-use complex in Frolovskaya street in Kiev." Along with Nikolay Nesterenko the rating also includes senior managers of the following companies: T.M.M., FIM, KDD Group N.V., Vita Veritas, Seven Hills, Granit, Domus, DEOL Partners, Panorama Group.

Pushkinskiy Complex to Meet European Standards

Ukraine-based Synthesis Engineering, a subsidiary of the largest Italian Group, Montagna Costruzioni, has been chosen the general contractor for construction of Pushkinskiy complex in Donetsk. The agreement between Pushkinskiy and Synthesis Engineering Ltd was concluded on 11 November in Donetsk.   "ESTA Group has always been very particular about choosing partners for any project", noted Igor Lavshuk, Project Manager of Pushkinskiy project. "Solid expertise of Synthesis Engineering will allow to create an indeed unmatched facility in Ukraine meeting

the highest global standards".   The plan is to deliver a multi-functional 24-storey complex of over 52,000 square metres in the first six months of 2012.   "Building such a facility is special for any company. We are happy that Synthesis Engineering has been selected to build one of the best buildings in the Eastern Europe", stated Mr. Kuchera, CEO of Synthesis Engineering. "This project will be a landmark of Donetsk along with the magnificent Donbass Arena stadium and Donbass Palace hotel".   The total contract amount is over EUR 52m

ESTA Holding Cooperates With ATB

ESTA Holding and Ukraine's biggest retailer ATB have signed an agreement to lease over 14,000 square metres of B-class office and warehouse premises in the logistics complex in Dnepropetrovsk, which is part of ESTA Group. The agreement will remain valid during three years and can be extended to five years upon consent of the parties. "Establishment of long-term mutually beneficial relations with key partners is one of the top objectives for

ESTA Holding", declared Yelena Arkhipova, Investment Director of ESTA Holding. "ATB is the biggest retailer, and we believe our cooperation will be exactly like that". Since 2009 ESTA Holding has concluded agreements to lease the total of over 4,000 square metres of offices in Donetsk, over 2,000 square metres - in Kiev, in Leonardo Business Centre, as well as 18,000 square metres of office and warehouse premises in Dnepropetrovsk.

ESTA Holding Opens New A-Class Business Centre In Kiev

ESTA Holding and Yaroslavov Val present Leonardo, a new A-class business centre in the Kiev downtown. The new structure with the total area of over45,000 square metres lies at the crossroads of Vladimirskaya and Bogdana Khmelnitskogo streets, opposite the National Opera of Ukraine. The complex comprises two blocks of 7 and 17 storeys and offers a 7-storey on-ground parking. In addition to the office section, the facility also has a shopping area.
The project is implemented and managed by ESTA Holding on a parity basis with

Yaroslavov Val company. ”Following its strategy ESTA Holding is committed to building real estate facilities, which are unmatched in terms of location, importance for the city and quality. Yaroslavov Val and we developed this very type of project", says Yelena Arkhipova, Investment Director of ESTA Holding. "We feel confident about its success and hope it will be a kind of a hallmark of the Ukrainian business". The building is managed and operated by ESTA Property Management, which is part of ESTA Group.

Maksim Gromadtsov Speaks at Ukrainian Real Estate Conference

Maksim Gromadtsov, Chief of Analysis and Research, has spoken at Ukrainian Real Estate conference organized annually by Adam Smith Conference. He took ESTA Holding as an example to highlight the challenges and outlooks of business development during the global financial crisis.   "Today the Ukrainian businesses

look for the ways out of the current situation and think what lessons to learn, how to adapt and avoid the same mistakes", says Mr Gromadtsov. "The goal of my speech at the conference is to show, by the example of our company, what solutions and approaches the business can apply during a recession".

ESTA Holding Develops Organizational Structure

ESTA Group has completed another stage in development of the organizational structure of its managing company, ESTA Holding. In particular, the Company established investment and legal departments. The investment department is responsible for evaluation, acquisition, development and further management of the Group's projects. The department comprises units for research and analysis, investment management and assets management.   Yelena Arkhipova, who previously worked as an investment manager, has been appointed Chief of Department and Investment

Director of the Holding.   The Company has also established a legal department in charge of legal support of the Company's activities and Group's projects. Pavel Simonenko, who previously took the position of the senior lawyer, has been appointed Chief Legal Officer.   "An effective governance structure and a professional team are at the heart of a successful business", commented Nikolay Nesterenko, CEO of ESTA Holding. "Over a short term we have built a strong team able to tackle the toughest issues".

ESTA Group to Establish Managing Company ESTA Property Management

Following its business development strategy, ESTA Group has set up ESTA Property Management company to manage and operate real estate assets. "Developing the business areas that do not require much capital is one of the key objectives for ESTA Group in the short term", said Nikolay Nesterenko, CEO of ESTA Holding, managing company of ESTA Group. "ESTA Property Management will allow to optimize the management of the Group's current assets."   ESTA Property Management will receive all assets of ESTA Group in the area of commercial real estate, including

Leonardo business centre and office buildings in Donetsk and Kiev. The Company will enter soon the open market to manage the assets, which are not owned by ESTA Group.   "Comfort and safety of our partners-tenants is the first priority for us. We have studied closely the experience of international businesses, including: Hines, СB Richard Ellis, ROSS Group, to introduce the best practices in the area and set a new management standard for the Ukrainian market", stated Mr Nesterenko.   Galina Yakovleva has been appointed CEO of ESTA Property Management.