OREANDA-NEWS. July 15, 2010. Sistema-Hals (LSE, MICEX, RTS: HALS), a major Russian real estate company, announces signing a credit agreement with VTB Bank to finance the first stage of the development of a premium villa community on Rublevo-Uspenskoye highway close to Gorky-8. Under the terms of the deal VTB Bank will provide initially the financing of up to 3.2 billion of rubles for a period of 5 years.

The premium villa community will place 150 mansions with GBA of around 130,000 sq.m. The internal infrastructure of the community will include a school and day-care center, shops, restaurant, sport playground, tennis courts, swimming pool with bar, horse barn and chapel.

Sistema-Hals ("the Company") is one of the leading diversified company in the Russian and CIS real estate market.

The Company was the first Russian property developer to list its shares on the main market of the London Stock Exchange. The Company's shares are also listed on the Moscow Interbank Currency Exchange and the Moscow Stock Exchange and the Russian Trading System Stock Exchange.