Released on: June 10, 2008, 3:45 am

Press Release Author: Iulia Pandaru - PR department for Mentor Group Holdings

Industry: Real Estate

Press Release Summary: ”We are glad to be one of the first international companies
coming to invest in this area. Being in the right time at the right place can still
offer us and our investors, a unique advantage especially in the buying and selling
prices” says Alon Peled.

Press Release Body: The atmosphere in Chisinau shows that’s the moment to enter this
growing market, as it represents one of the last opportunities of investment in an
Eastern European growing area.
“In the last months we have deeply researched the Moldavian real estate market.
The discovered facts encouraged us as well as our partners & investors to start
immediately a local activity in Chisinau, the capital of Moldova “says Alon Peled,
the company’s director.
There are only a few international companies & developers, that have started to
discover the financial potential in Moldova.
Moldova, and Chisinau in particular, is combining unique business opportunities as
it is still having relatively low costs for the lands and construction.
Mentor Group Holdings, which has been activating for the last 3 years in the
Romanian real estate market, announced its intentions of entering new markets from
Eastern Europe, as following the growth of the group‘s activities.
Mentor Group intends to apply their double methodology - investing on themselves
and, in the same time, providing customized services for developers and investors
which are searching for solutions in the area. The recent opening of a new branch in
Chisinau, Moldova has already leaded to the closing of important transactions in the
region.

”We are glad to be one of the first international companies coming to invest in this
area. Being in the right time at the right place can still offer us and our
investors, a unique advantage especially in the buying and selling prices” says Alon
Peled.
Market overview- brief
Company’s marketing research reveals some interesting facts; among them the fact
that the residential market has not started its activity in the capital city of
Moldova. The situation reminds Bucharest before more then 10 -15 years. The
construction costs per sqm are now around 400-500 € and the building standards are
average. In the capital city, you cannot mention a very strong marketing activity;
there aren’t any real estate expositions or advertising for real-estate projects.
Most of the projects exists are sold out in a very short period to the local and
foreign investors tenders. The costs for central and semi-central areas lands are
starting from 700-800€ and negotiated very well with the local owners. The permits
are pretty flexible and can easily reach 500% and up for building percentage. The
selling price for an apartment in a central residential project is around 700-1200 €
/ sqm, a huge gap that leaves an enormous profit for the developer.
Regarding the commercial aspect - in Chisinau, there are 2 malls (one is still in
construction process). Anchor group, one of the leading retail construction
companies in eastern Europe has already started with the building of the largest
mall in Chisinau, a step that will create a significant difference in the shopping
and life style of the citizens of Moldova
The office buildings market is in a great demand. All the A CLASS offices are full
with occupancy with foreign companies who discovered the potential and manage their
headquarters in the capital city.
The average renting price is 18-25€ / sqm which reflect a high demands combined with
narrow verity of renting offers in the city.

”We are planning to provide a complete marketing research overview, which will
include all the 5 aspects - residential, lands, retails, office and hotel market
in Moldova. This review will be delivered for free to all of our partners,
collaborators and partners and is the first one to be made ever for this area”
reveals Alon Peled.


Web Site: http://www.mg-holdings.com

Contact Details: For furthure information please contact us -

Iulia Pandaru - PR manager-Mobile - +40.730800600
pr@mg-holdings.com/ info@mg-holdings.com