Project is located in Kiev city, Solomyanskiy district, near central part of Kiev on the right bank 5 km from Kreshatyk (main street of Kiev city). Total land plot area: 24 300 sq. m. Plot status: free hold. Zoning of land: private property, for construction of 3-5-floor townhouses. Advantages of investment in the townhouses complex construction: 1. Extraordinary, as for Kiev, location (park zone, in immediate proximity to the city downtown). 2. Kiev townhouses market demand has been showing extra positive trend, as far as it is the new and very perspective segment of Ukrainian market. 3. Financing of the construction of stage two and stage three will be provided by stage one and stage two sales revenues respectively. Proposal: Investor and co-investor participate in project income distribution on 50/50 proportion. Investor and co-investor get the developed project property rights in accordance with conditions of participation that are to be agreed. Cost of the co-investor's entrance in the project - USD 12 $mln. For this amount co-investor gets: 50% of the land plot; Prepared draft design of the project; Geology and geodesy; Draft design of the first stage construction will pass consultative city's council; Land prepared for construction, fence. Details of the investment participation: Investor and co-investor participate in project cost on 50/50 basis; All expenses for construction, external utilities and any others additional expenses are to be borne by investor and yucoinvestor on 50/50; Total construction costs (to be paid in on the basis 50/50) - USD $36,75 mln.- (including expected external utility costs appr. USD $3 mln.); Approximate revenue (average forecast) is USD $115 mln.