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Last Update: January 04, 2012
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    Company Overview and strategy
    Company Overview

MirLand Development Corporation Plc was established in 2004 and operates solely in Russia, as part of the global Fishman Group, an international investment group with over 30 years track record of developing, managing and investing in real estate assets via public companies.

In December 2006, Mirland successfully raised net proceeds of US$293m, including the exercise of the over-allotment option, through its IPO on the AIM market of the London Stock Exchange.

The Company is one of the few developers to build international quality properties across Russia. The Company currently owns 15 commercial and residential projects, with a total rentable/saleable area of approximately 1,421,500 sqm upon completion.

MirLand offers investors an attractive and diversified portfolio of yielding projects as well as projects in different stages of development, a substantial pipeline of real estate investment opportunities in Moscow, St. Petersburg and large regional cities. Mirland management team is a successful combination of local professionals and international real estate experts.

    Company Strategy

  • Maintaining a diversified portfolio in terms of
    • segmentation
    • development stage
    • geographical location
  • Focus on timely completion of the portfolio projects.
  • Predetermined realization strategy:
    • Residential projects developed for sale
    • Commercial projects retained as yielding assets including active asset management, unless compelling realization opportunities arise
  • Optimization and diversification of financial resources to accelerate business activity and growth.
  • Realization of growth opportunities according to availability of financial sources and market conditions:
    • Acquisition of commercial projects with short time to market
    • Acquisition and development of new projects
    • Acquisition of land plots with an option for phased development
    Business Model
MirLand fully integrated business model creates a competitive edge for the Company in the Russian market.

Business Model





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