Yu Kapital to build two residential-business facilities in Belgrade center in early 2011 - Company interested in partnership

(Facility in Dimitrija Tucovića Street)

- Real estate company YU Kapital is going to start construction of two residential-business facilities in Belgrade in early 2011 - in Dimitrija Tucovića Street and Kraljice Marije (former 27. marta) Street - Marko Krajnčić, CEO of Yu Kapital, announced for eKapija. Krajnčić said that the company was interested in establishing strategic partnership for those two investments and that it was willing to negotiate various project shares.

- In Kraljice Marije Street, we plan to start construction of a residential-business facility with the aboveground surface of 6,000 square meters. That is one of the most attractive locations in the city because it is only 10 minutes of walk away from Nikole Pašića Square, Terazije and Knez Mihajlova Street. In addition, it has an excellent traffic connection with the main city artery - Kneza Miloša Street, and all bridges and other important routes can be reached quickly and easily from that location. The front side of the future residential-business facility will be in 27. marta Street and it will be of modern and contemporary architectural design - Krajnčić explained.

(Location in Medaković settlement)

The other project that will be implemented by Yu Kapital in early 2011 is construction of a residential-business facility in Dimitrija Tucovića Street, of which aboveground surface will be 6,400 square meters.

In addition to these two facilities, Yu Kapital also plans to start construction of facilities in settlements Banjica (Trošarina) and Medaković in early 2012. The company will seek strategic partners for both investments.

- We own 6,013 square meters of land and we have signed pre-contracts for another 14,000 square meters. Once we finish the procurement of neighboring land, we will have the surface of 20,000 square meters at our disposal and the possibility to build 80,000 square meters above the ground. This attractive building land is situated on Banjica, on the crossroads of Oslobođenja Boulevard and Save Maškovića Street. The location is very attractive for both housing and commercial or mixed construction...

(Trošarina)

Yu Kapital owns a location at 8,000 square meters in Medak where a six-floor facility can be built with total aboveground surface of 24,000 square meters.

That location is intended for construction of a multifunctional residential-business commercial center. It is situated in a densely populated city block Medaković, at the corner of Vojislava Ilića Street and a roundabout. This location is extremely well connected to Belgrade - Nis highway via Vojislava Ilića Street.

- We are looking for a strategic partner for all our projects, for the whole company, as well as for individual locations. We are thinking about recapitalization and we are willing to negotiate on all options of the ownership distribution. We are also ready to allot existing projects to someone else - said Krajnčić.