OREANDA-NEWS  On 11 November was announced, that one of Ukraine’s leading real estate investment, development and property management companies “XXI Century” is on sale. “Currently there are serious negotiations about the selling of the company with its portfolio and brand”, - stated insider to “DELO” newspaper. According to his words, Lev Partzhaladze can stay in the company as hired manager.

“XXI Century” wants to buy at least three companies. “Among them also Ukrainian investment companies”, - stated insider.

The selling process was initiated because company is suffering heavy losses and do not have money to repay in Spring 2009 USD175M Eurobonds debts.

“XXI Century” representatives confirmed information about negotiations with investors, but said that they are going to sell only separate projects.