The development company «XXI Century" (Kiev) has announced the release of his company Evropeyska Ploscha LLC guarantees of eurobonds worth $ 175 million with a maturity of up to 2010, issued by the company in May 2007. According to the report «XXI Century" on the London Stock Exchange on Tuesday, this procedure requires the company to sell shares in the project country complex "Residence Foresters" on the road in the village Novoobuhovskoy Foresters Kiev region.
"Waivers for Eurobonds due to plans partial sale of land in the suburban residential real estate project" Residential Foresters "at Kiev, which is owned by Evropeyska Ploscha LLC», - said «XXI Century". The total area of the premium and business class "Residence Foresters" of 140 thousand square meters. m. The area of land is 55.5 hectares. Start of construction is scheduled for 2009 completion - 2012.
The project envisages the construction of cottages of 350-600 square meters. m. In addition, at the site «XXI Century" will build a school, community center, sports complex, tennis courts, golf courses, cafes, restaurants and other facilities.
In late December 2008, the company «XXI Century," also announced the release of their companies' BUK-1962 LLC and Staryy Boryspil LLC guarantees of eurobonds worth $ 175 million with a maturity of up to 2010 in order to sell mixed-use complex in Boryspil.