Press Center

Media contact +7 495 796 9988 E-mail:
21.11.2022 г.
AFI Development полностью сдала в аренду офисный кластер на Павелецкой набережной

В конце 2022 года вакансия в принадлежащих компании деловых центрах класса «B» в Даниловском районе столицы не превышает 1%. Самые высокие...

16.11.2022 г.
AFI Development провела благотворительную акцию на детском фестивале в «Афимолл Сити»

В ноябре компания AFI Development провела очередную благотворительную акцию в ТРЦ «Афимолл Сити» в рамках детского фестиваля Петсона и Финдуса....

15.11.2022 г.
AFI Development завершила монолитные работы в небоскребе AFI Tower

Компания AFI Development завершила возведение монолита AFI Tower — культового небоскреба на северо-востоке Москвы. Монолитно-кирпичное здание высотой в 53 этажа...

09.11.2022 г.
AFI Development открыла новую общественную зону в Басманном районе Москвы

Компания AFI Development открыла новую общественную территорию с детскими городками, зонами тихого отдыха с цветниками и малыми архитектурными формами на...

07.11.2022 г.
AFI Development объявляет о смене генерального директора ООО «АФИ РУС»

Марк Гройсман перешел с должности Генерального директора ООО «АФИ РУС», управляющей проектами группы компаний AFI Development, на должность Председателя Совета...

31.10.2022 г.
AFI Development: В ЖК «Резиденции архитекторов» открылась премиальная фитнес-студия

Новая спортивная точка на карте Москвы площадью 152 кв. м появилась в Басманном районе ЦАО, на первом этаже корпуса №9...

11.10.2022 г.
Бизнес-центр AFI2B стал победителем премии Arendator Awards 2022

Высокотехнологичный офисный центр компании AFI Development получил главную награду федеральной премии в области коммерческой недвижимости Arendator Awards в номинации «Лучший...

30.09.2022 г.
Детский сад с соляной пещерой открылся в ЖК «Сиреневый парк»

На территории ЖК «Сиреневый парк», реализация которого осуществляется под управлением AFI Development в районе Метрогородок (ВАО), начал работу детский сад-начальная...

19.09.2022 г.
В ЖК «Инноватор» залит первый бетон

15 сентября на строительной площадке нового современного жилого комплекса «Инноватор» в составе ТПУ «Мичуринский проспект» состоялась торжественная церемония заливки первого...

09.08.2013 г.

9 August 2013
AFI Development H1 2013 revenue doubles year-on-year
AFI Development, a leading real estate company focused on developing property in Russia, has today announced its financial results for the first six months of 2013 ended 30 June 2013.
H1 2013 financial highlights

Revenues for the six months to 30 June 2013, including net proceeds from the sale of trading properties, doubled year-on-year to US$123.9 million

Rental income up 16.5% year-on-year to US$68.5 million (excluding income generated from the disposed Four Winds project)
AFIMALL City contribution at US$48.0 million (compared to US$42.0 in H1 2012)

Net profit reached US$43.3 million, compared to a net loss of US$240.6 million in H1 2012
Gross profit grew 31.1% year-on-year to US$42.1million
Gross value of portfolio of properties largely unchanged at US$2,460 million compared to US$2,502 million at the end of Q1 2013, despite the sale of parking spaces at AFIMALL to VTB Bank JSC
Cash and cash equivalents of US$161.4 million. US$16.68 invested into Properties under development

H1 2013 operational highlights

Sale of 643 parking spaces at AFIMALL City to VTB Bank JSC (first stage) was completed in Q2 2013, resulting in gross profit of US$24.7 million
AFIMALL City operations continue to improve

Rental revenue up 14.3% year-on-year to US$48.0 million
Gradual rise in occupancy levels; currently at 83%

Otradnoe project in the Moscow region to be marketed as “Odinbourg”

Mortgage compliance accreditation from VTB Bank OJSC received

Commenting on today’s announcement, Lev Leviev, Executive Chairman of AFI Development, said:
“We are very pleased with our results for the first six months of 2013 and look to the future with confidence. With our well thought out development portfolio, we expect to benefit from the continued strength of the Moscow real estate market. In particular, our “Odinbourg” project is expected to capitalise on the strong demand in the residential sector in the Moscow region, while our Tverskaya Plaza projects are well placed to benefit from the demand for high quality office space in central Moscow. By delivering high quality projects tailored to the needs of our residential and commercial customers, our aim is to continually deliver value to our shareholders.”
H1 2013 Results Conference Call:
AFI Development will hold a conference call for analysts and investors to discuss its H1 2013 financial results on Monday, 12 August 2013, following the publication of the Company’s financial results.
The details for the conference call are as follows:
Date: Monday, 12 August 2013Time: 6pm Moscow (3pm BST)
Dial-in Tel: International: +44 (0) 20 3003 2666UK toll-free: 0808 109 0700US toll-free: 1 866 966 5335Russia toll-free: 8 10 8002 4902044
Password: AFI
Please dial in 5/10 minutes prior to the commencement time giving your name, company and stating that you are dialling into the AFI Development conference call quoting the reference AFI.
A replay facility will be available for 1 week following the call. To access the recording, please dial +44 (0)20 8196 1998 and enter access code 7626023.
Prior to the conference call, the H1 2013 Investor Presentation of AFI Development will be published on the Company website at on 9 August 2013 by 9pm Moscow time (6pm BST). – ends – For further information, please contact:
AFI Development, Moscow +7 495 796 9988Ilya KutnovEkaterina Shubina
Citigate Dewe Rogerson, London +44 20 7638 9571David WestoverSandra NovakovShelly Chadda
About AFI Development
AFI Development is one of the leading real estate development companies operating in Russia. Established in 2001, AFI Development is a publicly traded subsidiary of Africa Israel Investments Ltd.
AFI Development is listed on the Main Market of the London Stock Exchange and aims to deliver shareholder value through a commitment to innovation and continuous project development, coupled with the highest standards of design, construction, and quality of customer service.
AFI Development focuses on developing and redeveloping high quality commercial and residential real estate assets across Russia, with Moscow being its main market. The Company’s existing portfolio comprises commercial projects focused on offices, shopping centres, hotels and mixed-use properties, and residential projects. AFI Development’s strategy is to sell the residential properties it develops and to either lease the commercial properties or sell them for a favourable return.
AFI Development is a leading force in urban regeneration, breathing new life into city squares and neighbourhoods and transforming congested and underdeveloped areas into thriving new communities. The Company’s long-term, large-scale regeneration and city infrastructure projects establish the necessary groundwork for the successful launch of commercial and residential properties, providing a strong base for future.
Legal Disclaimer
Some of the information in these materials may contain projections or other forward-looking statements regarding future events, the future financial performance of the Company, its intentions, beliefs or current expectations and those of its officers, directors and employees concerning, among other things, the Company’s results of operations, financial condition, liquidity, prospects, growth, strategies and business. You can identify forward looking statements by terms such as “expect”, “believe”, “anticipate”, “estimate”, “intend”, “will”, “could,” “may” or “might” or the negative of such terms or other similar expressions. These statements are only predictions and that actual events or results may differ materially. Unless otherwise required by applicable law, regulation or accounting standard, the Company does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of the Company, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia and market change in the industries the Company operates in, as well as many other risks specifically related to the Company and its operations.
Chairman and Executive Director’s Combined Statement
The Company has closed the first six months of 2013 with considerable growth in revenue and profits.
The first phase of the sale of 643 parking spaces at AFIMALL City to VTB Bank was completed during the second quarter, making a strong contribution to the quarter’s results.
As was the case with the disposal of the Four Winds project, AFI Development once again stayed true to its strategy of disposing commercial assets for a favourable return, achieving significant profit to book value.
The operations of AFIMALL City continued to improve with steady growth in rental revenues and occupancy. The Company also made significant progress with projects in the development stage. Construction works at Otradnoe (“Odinbourg”) and Kossinskaya are well underway. At the same time, the design stage is advancing at Tverskaya Plaza Ic, whilst pre-design works are progressing to plan at the Bolshaya Pochtovaya and Paveletskaya projects.
Projects update
Occupancy levels at AFIMALL City continued to increase, reaching 83% at the end of Q2 2013. Several new tenants opened their shops in the centre during the second quarter, including Gant, New Balance, Lee Cooper and Aldo. Additional important leases with new tenants – such as H&M Home, InWear/Matinique, and Marc O’Polo – were also signed during the quarter. Furthermore, the American retail brand “Forever 21” has chosen AFIMALL City for its first Russian flagship store due to open in 2014.
Otradnoe – “Odinbourg”
During Q2 2013, AFI Development continued to develop the marketing programme for its Otradnoe project. As part of this process, a marketing name of Odinbourg was selected.
Whilst construction works at the site are progressing to plan, the project has also received accreditation by VTB Bank JSC, one the leading Russian lenders. This confirms that the project is compliant with the bank’s requirements for mortgage lending and that the bank will be supporting the Company’s marketing campaign.

Russian construction industry backbone developer
Russian construction industry backbone developer