OREANDA-NEWS. October 22, 2012. TMM Real Estate Development PLC (FRA: TR61) announces the results of its property portfolio valuation as of 30 June 2012. The valuation was conducted by an independent appraiser, Kreston GCG.

The total value of the 34* real estate properties amounted to USD 407.3 million split by project type as follows:

operating properties – 43%;

properties under construction – 24%;

properties under development – 2%;

properties held for development – 31%.

TMM's projects are located in Kyiv (13 projects), Kyiv region (4), Kharkiv (10), Zhytomyr (1), Kherson region (3) and the Crimea (3).

The total sellable area of the portfolio amounted to over 900 ths sq m, 70% of which is represented by residential properties (apartments).

Previous valuation of TMM's property portfolio was conducted as of 31.12.2010 and amounted to USD 415.1 million.

- the number of projects without division into stages