Storm Properties informs about its plans after exiting PIK Group - the strategic plans of Storm Properties remain unchanged and will continue to be focused on developing innovative and efficient projects (current and new), increasing the company's market share, and expanding the range of services offered.
June 2010
The preferred development projects of Storm Properties are still Class A commercial and luxury residential real estate. Projects of these two categories utilize the full potential of the company's expertise.
Michael Belton, President of Storm Properties, commented on company's plans for the nearest future: "As mentioned in our joint press release with PIK Group on the deal, re-acquiring PIK's stake of Storm Properties is an important strategic decision for the company. We have been quick to react to the opportunities presented by the recent crisis and this has prepared us for the coming positive market changes. Currently, in order to raise additional capital, Storm Properties is holding intensive negotiations on strategic partnerships with several real estate funds and institutional partners, both domestic and foreign, who are interested in forming an alliance with Storm Properties. The negotiation results will be announced this summer."For more information on Storm Properties, please visit www.storm.ru
