AFI Development

AFI Development is a leading developer of unique large-scale projects in Moscow, Russia’s regions, Ukraine and the CIS. Established in 2001, AFI Development focuses on developing and redeveloping high quality commercial and residential real estate assets, including offices, shopping centers, hotels, mixed-use properties and residential projects. The company’s strategy is to sell the residential properties it develops and to either lease the commercial properties or sell them for a favorable return. In May 2007, AFI Development was successfully admitted to the Main Market of the London Stock Exchange. Through its IPO, the company raised a total of approximately $1.4 bln.