382 ha of land purchased, with 352 ha transferred to the “housing construction purpose” category and remaining 30 ha designated for a recreation zone

Common territory plan prepared and approved

Demarcation of the land plot finished as per project

~ 50% of the area is sold to residents, with low rise construction taking place

Full utility infrastructure built on the land plots before sale – electricity, gas, water supply, roads

Social infrastructure objects are being constructed in the recreation zone – a ski-lift is built and commissioned and the first stage of an office- and shopping centre is started

Free asset value has increased to $10 million

Land plots cost has increased by an order during this period

Total investments in the land for the last 8 years including the infrastructure construction, sold land plots and built houses amounts to $ 36 million