"We are open to profitable for both parties involved joint-operations with foreign companies".

Lev Partskhaladze

It is not a secret that many sizable international real estate investors and developers have been viewing for quite some time Ukraine - the country that, being a vast market, offers enormous opportunities and is associated with considerable risk respectively. Lev Partskhaladze, Chairman of the Board of the XXI Century Investments, Kiev, is already several steps ahead of all real estate “tycoons” when it comes to Ukraine. XXI Century Investments, the largest real estate company in the country and the only one listed on AIM, is steadily developing and benefiting from the growth of Ukraine’s economy. How the company accomplished its AIM listing and what is most important for an IPO in order to be launched successfully? Why, though several other Ukrainian companies have announced plans to go public, none has implemented floatation so far? What are the prospects of the real estate finance services market in the country? What keeps a large part of the world’s leading retailers from entering Ukraine? Why 50 pct of the stated investment intents for 2006 in terms of retail projects haven't been started? Is there a recipe for success with regard to the Ukrainian market? Lev Partskaladze gives straightforward and profound answers to these questions exclusively for PropertyXpress. In this must-read interview topical issues are also: What is the situation on the Ukrainian hotel market? Is XXI Century Investments planning partnerships with leading hotel operators and strong international retailers? Which cities apart from Kiev also show good prospects of office development? Is the company going to expand into other countries and when?



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