OREANDA-NEWS. On 11 June 2008 was announced, that XXI Century Investments was named among the Top 100 European Listed Investors according to the size of their assets by PropertyEU Magazine (Amsterdam, www.propertyeu.info, No. 4, June-July 2008).

XXI Century Investments is the sole representative from Ukraine on the list. Russian company, AFI Development, is the only other Eastern European company listed in this ranking.

“Our goal is to become one of the leading real estate investment, development and property management companies in the Eastern European real estate market. The fact that we have been named among the 100 biggest listed investors across the whole of Europe is evidence of that our strategy is effective, is being implemented successfully and is helping us to achieve our goal”, said Lev Partskhaladze, XXI Century Chairman of the Board.

The ranking was compiled using the magazine’s own research and information from various sources including Epra and Global Property Research (GPR). Companies were selected according to portfolio size, including current developments and trading portfolios. Data regarding portfolio size, countries and segment distribution was checked against the most recent publicly available financial figures for end-2007.

The magazine revealed an interesting trend in segment distribution among the 100 biggest European listed investors with leased offices shown to be the most popular form of investment, accounting for over half of total assets for 41 of the 100 stocks listed in the ranking.  Retail investments account for more than half of the portfolio for 17 of the companies. 14 of the companies listed are active in the hotel investment sector, and a further seven companies invest almost exclusively in residential.

The authors of this research also note that the European market for listed real estate is waning. Against this decline, Ukraine is in a strong position, with a real estate market that is continuing to grow.