OREANDA-NEWS. October 15, 2009. KDD Group (KDDG LN) plans to renew construction on its PecherSKY residential project in Kyiv by the end of 2009, Vice President Petr Radchuk said yesterday, according to Interfax. KDD now plans to finish the structure in 2012, vs. its previous target of 2010. KDD is continuing work now on the Sky Towers office building in Kyiv. \

Concorde Capital: Although the reassurance from KDD Group’s management that the company is continuing construction can be supportive for its stock price, we still regard the risk of insufficient funding as high for the company. We have doubts that the developer will be able to resume work at the PecherSKY project as planned, especially given the fact that residential property continues to be least demanded at this point.

Concorde Capital is a full service investment bank operating on the Ukrainian, Russian and CIS markets. In 2007 Concorde Capital’s analytical team was recognized as the Top Team covering Ukraine by Thomson Extel's Pan European Survey. Senior Analyst Alexander Paraschiy was recognized as the Leading Pan-European Investment Analyst – European Emerging Markets. Concorde Capital is a leader when it comes to private placements and M&A deals. Concorde Capital’s sale of a stake in Electron Bank to Volksbank International AG was named the Best Ukrainian M&A deal of the year 2007 by the Adam Smith Institute.