General Director of AFI Development Khaldei Alexander, who sold early in the year share in the company, moving away from operational management. On August 1, he will leave his post, but before the end of 2011 will retain a board seat. Instead, AFI Development headed by director general Mark subsidiary Groisman.
Press Service of AFI Development announced that from August 1, Alexander Chaldea, who served as CEO of the company for over 10 years, will replace Mark Groisman, head of one of its subsidiaries - OOO "AFI RUS".
Care of Mr. Chaldea came as no surprise: in January the company announced a repurchase agreement with the manager owned 9.7% stake in shares of AFI Development $ 129 million (see "Kommersant" on January 27). The first phase - 2.96% redemption - was passed in the first quarter of 2011, and July 1 was closed transaction to acquire the remaining shares - 6.74%, said a company representative.
AFI Development back in the ranks
Company diamantaires Israeli Lev Leviev for the first time in the past two years, is launching a new project - the construction in the Ruza district near Moscow Resort & Spa ...
AFI Development was founded in 2001. Development portfolio - 3.8 million square feet. m. In 2010, revenues totaled $ 74.1 million: Sales rose 16% to $ 30.2 million, lease payments - 22%, to $ 43.9 million profit was $ 25.88 million compared to a loss $ 2.66 million a year earlier. Debt burden of the company - $ 406.7 million for capitalization of LSE - $ 916,7 million
The last trade of Alexander Chaldea in AFI Development will buy a 25 percent share of the city and underground parking for 2.7 thousand parking spaces in the flagship shopping mall company - AFImall City. The amount of the transaction, which was announced in March, would be $ 310 million, the company announced today that it has signed an agreement to share the city for $ 180 million deal will be closed once the contract will be all the formal procedures in City Hall, AFI Development is now in talks with banks on the financing, states a press release. Agreement on the purchase of parking will be signed soon, said a representative of the developer.
Earlier, sources, "b" have assumed that this transaction will be carried out with compensation of costs incurred by the developer to underground shopping mall, "Tverskaya Zastava" spring city to stop construction because of the difficult driving conditions, has promised to reimburse all the attachments. Now, however, the company argued that the transaction will be independently from each other, as the size of compensable costs have not yet agreed.
As reported by "Kommersant" on 28 June, the city plans to sell its stake in 350 projects. Total area of all buildings was estimated at 500 thousand square meters. m, and their approximate cost - $ 1.5 billion
Press Service of AFI Development announced that from August 1, Alexander Chaldea, who served as CEO of the company for over 10 years, will replace Mark Groisman, head of one of its subsidiaries - OOO "AFI RUS".
Care of Mr. Chaldea came as no surprise: in January the company announced a repurchase agreement with the manager owned 9.7% stake in shares of AFI Development $ 129 million (see "Kommersant" on January 27). The first phase - 2.96% redemption - was passed in the first quarter of 2011, and July 1 was closed transaction to acquire the remaining shares - 6.74%, said a company representative.
AFI Development back in the ranks
Company diamantaires Israeli Lev Leviev for the first time in the past two years, is launching a new project - the construction in the Ruza district near Moscow Resort & Spa ...
AFI Development was founded in 2001. Development portfolio - 3.8 million square feet. m. In 2010, revenues totaled $ 74.1 million: Sales rose 16% to $ 30.2 million, lease payments - 22%, to $ 43.9 million profit was $ 25.88 million compared to a loss $ 2.66 million a year earlier. Debt burden of the company - $ 406.7 million for capitalization of LSE - $ 916,7 million
The last trade of Alexander Chaldea in AFI Development will buy a 25 percent share of the city and underground parking for 2.7 thousand parking spaces in the flagship shopping mall company - AFImall City. The amount of the transaction, which was announced in March, would be $ 310 million, the company announced today that it has signed an agreement to share the city for $ 180 million deal will be closed once the contract will be all the formal procedures in City Hall, AFI Development is now in talks with banks on the financing, states a press release. Agreement on the purchase of parking will be signed soon, said a representative of the developer.
Earlier, sources, "b" have assumed that this transaction will be carried out with compensation of costs incurred by the developer to underground shopping mall, "Tverskaya Zastava" spring city to stop construction because of the difficult driving conditions, has promised to reimburse all the attachments. Now, however, the company argued that the transaction will be independently from each other, as the size of compensable costs have not yet agreed.
As reported by "Kommersant" on 28 June, the city plans to sell its stake in 350 projects. Total area of all buildings was estimated at 500 thousand square meters. m, and their approximate cost - $ 1.5 billion
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