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First block of High Vill Astana commissioned

22.10.2007

On October 20 an A Block, the first in a set of six blocks being under construction within housing estate High Vill Astana was unveiled. High Vill Astana is a major construction project in the capital city of Kazakhstan. Against the background of real estate market crisis, the successful commissioning of ready accommodation by a South Korean company has once again confirmed that High Vill Kazakhstan is a reliable partner discharging its quality obligations to clients and meeting deadlines.

Officials from Kazakhstan and South Korea, parliament members and businessmen, clients and journalists have attended the unveiling ceremony. Thus, almost 40 journalists have arrived from South Korea to cover the event.

High Vill Astana project is estimated at nearly USD1.35 billion. Meanwhile, the first stage, A Block, costs USD127 million.

JSC Bank TuranAlem has lent over USD20 million for construction of High Vill Astana and extended loans within the project to 43 clients for a total of USD11.7 million.

The A Block embraces a 20-storey apartment building accommodating 372 apartments in 5 entrances. All in all, High Vill Astana will comprise of nearly 3,000 apartments. The project follows a smart house principle. The company has provided an aboveground three-storey parking area, spacious in-house park, security system and cutting-edge technologies for convenience of residents of the housing estate.

The complex offers 16 categories of apartments, including classical, eastern, modern and other. Any client can opt for a particular layout and interior design in the Model House, a demo hall of High Vill Kazakhstan. The company offers apartments ready for housing. In addition to finish work and interior design by professionals, they accommodate all amenities even built-in furniture and household appliances to make life comfortable.

The A Block construction has considered all remarks of clients made after visiting the Sample House demonstrating ready to use apartments in High Vill Astana. There anyone could thoroughly consider all stages of the finish work. This demonstration of apartments is know-how of the South Korean company responsible for each stage of the construction.

Social amenities comprised of security system, inquiry office, fitness club, golf drill hall, karaoke and other facilities are noteworthy.

The dwellers move in several stages according to a schedule. The A Block and the whole complex are located in a pristine area close to the administrative center of the capital in vicinity to the presidential residence. The splendid location of the residential estate coupled with leading-edge technologies and solutions in modern construction highlight High Vill Astana as one of the most inviting spots for purchasing an accommodation in the capital city.

Vest-pocket parks between the buildings are among key advantages of the facility. More than 20,000 pines and other trees were delivered from Borovoye resort area for the project. It should be noted that faces of the buildings would be decorated with special elements making them solemn. Thus, we believe High Vill Astana residential estate will hold pride of place in the city architecture being a remarkable sight of the young capital.

Commissioning the first block of High Vill Astana, High Vill Kazakhstan supported by Bank TuranAlem JSC has demonstrated successful countering to the financial market crisis. In turn, BTA reiterates its commitment to cooperation with such construction companies as High Vill Kazakhstan, an example of transparent conduct of business and compliance with all international standards. In the future, High Vill Kazakhstan and Bank TuranAlem JSC intend to further and reinforce their partnership relations via the existing joint project and other new ideas and projects.

Currently, the company is selling the remaining 209 apartments in the B Block to be commissioned in December 2007. Moreover, it is construction C and D Blocks.

JSC Bank TuranAlem (BTA) is among largest banks and leader in creation of banking network within CIS. According to the unaudited consolidated statement of BTA, its assets jumped by 50.91% over the first nine months of the year making USD 24.659 million as of September 1, 2007, capital soared by 102.09% to reach USD 3.097 million. BTA cleared USD 373 million net income as of the reporting date, a leap of 73.64% from early 2007.

BTA operating in the CIS and far-abroad countries is expanding into the CIS countries. Activities of its strategic bank partners cover Ukraine, 4 regions in Russia, Belarus, Georgia, Armenia, Kyrgyzstan and Turkey. BTA runs its representative offices in Russia, Ukraine, China and the United Arab Emirates.

In Kazakhstan, BTA’s network consists of 22 branches and 256 cash settlement units.

Respectable Itogi magazine named Bank TuranAlem "The Best CIS Bank 2006." Meanwhile, Euromoney recognized BTA as "A Leading Bank in Corporate Governance in Emerging Europe 2006". BTA also appears in the Banker’s TOP 300 and ranks the third in its Highest Movers rating. The Europe Business Assembly (EBA, Oxford, UK) has named JSC "Bank TuranAlem" (BTA) the Best Enterprise of Europe in the Eurasian banking sector.