OREANDA-NEWS  On 17 September was announced, that TMM Company received the construction permit for the project of business-class residential complex located at 14 Dytyachoy Komuny Str. in Zhytomyr. TMM Company is planning to start the construction of the residential complex in September 2008 and to complete it in 2011.

The total area of the project is 15 thousand sq. m. The total area of apartments – 11.7 thousand sq. m. The project envisages the construction of underground parking with the total area of 3.4 thousand sq. m. The new complex will be located in the historical and business centre of Zhytomyr close to the city park of Y. Gagaryn.

TMM Company acts as an investor and general contractor of the project. As of December 31, 2007 the project was valued at USD 12.6 mln. (data of the independent valuation by Colliers International).

TMM Company implements the construction of the residential complex at Dytyachoy Komuny Str. in Zhytomyr within the strategy of strengthening the positions on regional real estate markets. It is the second project of the company in Zhytomyr for TMM foresees the local real estate market perspectives. Another TMM project in Zhytomyr is "Topaz" residential building at 4, Chornovola Str which is to be put into operation this year.