MirLand Development Corporation Plc

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Market Cap:
52 weeks high
52 weeks low

In brief

MirLand Development Corporation Plc (MirLand) is principally engaged in the acquisition, development, construction, refurbishment, rental and sale of residential and commercial real estate in Russia. The Company operates in two segments: commercial segment and residential segment. Commercial segment leases real estate for commercial purposes. The residential segment develops real estate assets to sale for residential purposes. Its particular geographic focus is on Moscow, St Petersburg and major regional cities with population of more than 500,000, in which it has identified a significant demand for such properties. During the year ended December 31, 2007, MirLand acquired five new projects. The Company’s subsidiaries include Hydromashservice LLC, Mashinostroenie & Hydravlika OJSC, Creativecom LLC, Petra 8 LLC, MirLand Management Limited and Design Project LLC. MirLand Development Corporation is traded in the ISDX Exchange HERE