About ALACOR

  ALACOR, a Kiev-based property investor and developer, was founded 4 years ago and is managed in accordance with best international practice of corporate governance.

• ALACOR's 2 individual founders benefit from over 12 years of successful business experience in various industries in Ukraine.

• We position ourselves as the local partner for the international investors.

• Our excellent contacts developed in the last decade ensure the strength of our position in the market that enables us to effectively mitigate most of the local risks.

Some examples of our past business experience:

• Development of the complex tolling schemes for the trade of raw materials, steel and oil products with the major Ukrainian steel plants. As a result we were managed to concentrate a 25% ownership in the largest Ukrainian steel producer. This 25% share package was successfully sold at the peak market price.

• Development of petrol stations chain that was one of the largest in Ukraine (120 units). Firstly, part of the company was sold to an institutional fund to create a fully institutional business structure in a very complicated local business sector and then we sold 100% of the business in the deep crisis time to TNK-BP in 2009.

• Development of the new production format in Ukraine - steel processing mill (added value products made from raw steel plate) with developed sales to the EU and the US and output of 100,000 tons per year; the business was subsequently sold to a strategic local investor

"Alacor Property Investment & Development"

Today NAV value at WACC presented by ING Bank is 449,407mln$ and 283,600sqm of projects (Retail is 80% of the Portfolio).

ALACOR before the Crisis

• Excellent portfolio of projects, especially in retail sector, own equity investments without bank debt.

• Very strong professional team able to cover all issues of development and management.

 ALACOR during the Crisis

• Save a key team, frozen all constructions, but continue approvals which saved costs and time • Re-conception of few projects to meet new market situation.

• Successful completion of new retail format to develop in Ukraine - "Fashion Outlets" with selection of the international Partner.

• Completed a single investment deal on the market in 2009 - bought 51% of shares in most modern and biggest Shopping Center "Sky Mall", Kiev.

• Opened a 2nd phase of this project.

ALACOR "after" the Crisis

• Successful pre-lease campaign (60%) for Shopping Center "Alacor City" (Kiev).

• Currently continue construction of this project (50% already built).

• Obtained approval from international bank for loan for above project .

• Started to develop the first Fashion Outlet in Ukraine, Kiev.

• Planning to develop a chain of FOC in Ukraine, secured sites in Odessa & Kharkov.

• Finalizing construction of Shopping Center in Sevastopol, opening in March 2011.

• Continue development of our biggest Shopping Center "Gorkogo" in downtown of Kiev, planning to continue construction by end of 2011.