OREANDA-NEWS. December 18, 2009. OJSC Sistema-Hals (HALS), one of the leading companies in the Russian and CIS real estate market, and ZAO Ferro-Stroy, Russian investment and residential property developer, announce the completion of a new comfortable residential complex at 25a, Dnepropetrovskaya Street, Moscow.

New residential spaces were built by Sistema-Hals and Ferro-Stroy according to the investment contract with the Moscow Education Department regarding the construction of residential complex at Dnepropetrovskaya Street and Nakhimovsky Prospekt.

According to the investment contract Moscow Education Department shall be provided with 2/3 of the apartments in the residential complex at 25a, Dnepropetrovskaya Street. In general Sistema-Hals and Ferro-Stroy will deliver to the Education Department 221 fully finished apartments (11,900 square meters).

"Social responsibility is a constant part of our business. We are proud to participate in the improvement of teachers living conditions who fulfill one of the main functions in a social sphere. Apartments at Dnepropetrovskaya Street correspond to the very high standards attributed to modern and comfortable apartments", - commented Dmitry Zikanov, Vice-President for Residential Real Estate, Sistema-Hals.

"For the first time over 200 families of teachers from the South District of Moscow have an opportunity to improve their living conditions and settle in new fully finished apartments. Such a difficult project was realized owing to joint efforts of Moscow Education Department and our investors - Sistema-Hals and Ferro-Stroy. We believe that we will be able to carry out similar projects in the future with the support of investors", - said Viktor Shevlyakov, Deputy Head of Education Department for South District of Moscow.