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God Nisanov and Kievskaya Ploshchad Group of Companies acquire equity stake in Samolet Group

9 September 2021

Parties considering opportunities for joint projects in commercial real estate and for development projects in regions of Russia and other CIS countries

Moscow, 9 September 2021. God Nisanov, the co-founder of the Kievskaya Ploshchad Group of Companies, and structures of Kievskaya Ploshchad Group of Companies have acquired a stake of almost 10% in Samolet Group PJSC (MOEX: SMLT) from Samolet’s founders and shareholders.

The synergies generated by combined competences and many years of experience of both companies will create new opportunities for undertaking development projects, and will also further support the positive growth of the sector as a whole and create opportunities for new large-scale projects, urban infrastructure and jobs.

Samolet is a leading developer of mixed-use projects and specialises in creating modern, large-scale urban quarters. Kievskaya Ploshchad is the permanent leader in Russian commercial real estate for many years and is instrumental in shaping the contemporary urban landscape.

Anton Elistratov, CEO of Samolet Group, said:

“Kievskaya Ploshchad’s acquisition of a stake in Samolet Group represents a significant strategic step forward. It opens up extensive new opportunities for developing commercial real-estate projects and gives us direct access to the expertise of a company that is an undisputed leader in this market with many years of experience. Together we will be able to consider an even wider pool of development projects not just in the regions of Russia but also in other CIS countries. I am grateful to our partners for their belief in our company and their decision to invest in its future growth.”

God Nisanov, co-founder of Kievskaya Ploshchad, said:

“We decided to acquire a stake in Samolet Group as we believe that the combined prior experience of Kievskaya Ploshchad and Samolet in real-estate development will create new opportunities for the whole sector. The synergies between the companies will support the growth of the whole sector and create opportunities for large-scale projects and jobs not only in Russia but also across the CIS region.”

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