Press releases

SCM Buys Real Estate at One Hyde Park (London) as Portfolio Investment

21.04.2011

Логотип СКМ

Press Statement

Donetsk

SCM decided to enter the real estate sector in 2006. In 2006-2007 we were building our real estate portfolio in Ukraine and internationally following a set of fundamental criteria:

- singularity of the property (including its location)

- the potential to grow in value.

SCM bought the property in London at the One Hyde Park residential development in 2007 as a portfolio investment. Over the past four years the asset showed a steady annual 5% rise in the value even during the global financial crisis when the real estate was losing value everywhere in the world including Ukraine. Experts suggest that the asset will increase in value over the next few years. SCM believes that the investment in the London property has been very successful and views the policy of diversifying the real estate portfolio as effective. 

As to the transaction details, the parties agreed not to disclose this information.

Profile:

SCM is a professional investor that owns and controls assets in mining and metals, power generation and distribution, telecommunications, banking, insurance, media, as well as in retail and real estate.

The SCM Group includes Metinvest Holding, DTEK, Vega telecommunications group, Segodnya Multimedia, TRK Ukraina, ESTA Holding, Ukrainskiy Retail, Mining Machines heavy engineering holding  and others.

SCM is 100% owned by Ukrainian businessman Rinat Akhmetov.

Press office of SCM

tel: +38 062 381-50-37

fax: +38 062 381-50-55

press@scm.com.ua

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