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[/en/] part of SCM group CEO Statement ESTA Group and ESTA Holding History Management Values and principles Corporate structure Corporate governance Careers in ESTA Group Contacts Investment and Development Hotel Management ESTA Property Management Real Estate of the Group Projects of the Group Land Bank Project Map Strategy of the Company Corporate governance Financial performance and reports Corporate governance and business ethics Employment Environment Local Communities Sponsorship and Charity News Media Publications Presentations and Speeches Questions and Answers Gallery Links Esta Holding The largest Ukrainian investor in the real estate sector Having consolidated existing assets in real estate, the biggest Ukrainian financial and industrial group System Capital Management established an industrial holding ESTA Group. … more Copy Hide Esta Holding The largest Ukrainian investor in the real estate sector Having consolidated existing assets in real estate, the biggest Ukrainian financial and industrial group System Capital Management established an industrial holding ESTA Group. Today ESTA Group is one of the most successful players in the Ukrainian real estate market and the biggest private company that annually invests over $50m of own funds in business development. The Group's portfolio includes operating facilities, construction sites and a land bank with the total value of over $500m. In addition, ESTA Holding plans to invest more than $500m in development of new projects over the next five years. ESTA Holding is responsible for making strategic decisions for ESTA Group business development. ESTA's activity is focused on three core business areas: investment and development of commercial and residential real estate of premium segment; hotel business; management and maintenance of real estate. ESTA Group is a responsible corporate citizen. Before making any decision, we assess its contribution to economic and social development of Ukraine. Latest news 04.04.2011 Donbass Palace recognized as the best ukrainian hotel … more 24.03.2011 New management team in ESTA Holding … more 02.03.2011 ESTA Group Completes Acquisition of Kiev TSUM … more 11.02.2011 ESTA Holding Creates Hospitality Business Development Division … more 17.12.2010 ESTA Group Buys Kiev Central Mall … more 07.06.2010 ESTA Group Reconstructs Kiev Hotel in Donetsk … more 29.03.2010 Nikolay Nesterenko, Chief Executive Officer of ESTA Holding, has been listed in Top-10 Most Effective … more 11.12.2009 Ukraine-based Synthesis Engineering, a subsidiary of the largest Italian Group, Montagna Costruzioni, … more 21.08.2009 ESTA Holding and Ukraine's biggest retailer ATB have signed an agreement to lease over 14,000 square … more 09.12.2008 ESTA Holding and Yaroslavov Val present Leonardo, a new A-class business centre in the Kiev downtown. … more Archive of news Donbass Palace recognized as the best ukrainian hotel The International Tourism Exhibition UITT'2011 opened in Kiev on 23 March and awarded participants of 100 Best Hotels of Ukraine ranking, where Donbass Palace took the top place Donetsk, 29 March 2011– Donbass Palace Hotel won the Ukrainian ranking 100 Best Hotels of Ukraine organized by the Council for Tourism and Resorts and the Association of Hotel Unions and Hotels of Ukrainian Cities. The nominees were selected by a special Expert Panel consisting of chief executives of major professional associations, leading Ukrainian tour operators, hotel categorization experts, state authorities and media. The experts applied a traditional approach for the hospitality industry appraising the hotel’s overall level, room capacity, restaurant quality, spa and fitness facilities, as well as the staff. Donbass Palace received the highest score and thus took the first place in the ranking. Dejan Djordjevic, Managing Director of ESTA Holding Hospitality Business and Donbass Palace CEO, commented on the award: “We’re certainly happy to receive the national recognition. But this doesn’t mean we’re going to stop and be satisfied with what we’ve achieved. Hospitality industry goes forward so quickly that we have to keep up developing our services all the time and continuously raising the standard of our services”. In 11 December 2005, Donbass Palace joined The Leading Hotels of the World , which is the most competent organization in the hotel business with 425 world-known business-class hotels in over 80 countries. In 2005, 2006 and 2007, Donbass Palacereceived the World Travel Awards, the most recognized award in world tourism industry, as the best hotel of Ukraine. In 2006 and 2007, the World Travel Awards Association called Donbass Palacethe best business-class hotel of Ukraine. New management team in ESTA Holding Maksim Gromadtsov, who has recently occupied the position of Investment Manager and Chief of Analysis and Research Department, has been appointed Investment Director of ESTA Holding, the ESTA Group's managing company. Maksim’s area of responsibility will include Group’s portfolio strategic management. In particular, he will deal with existing projects and assets development, new projects acquisition and development and also property management and consulting as new business areas. Maksim has substituted Elena Arkhipova on this position, who has made a decision of taking a training course in Insead International Business School. Yulia Basistaya, who has recently occupied the position of Financial Controller – Assistant CFO, has been appointed ESTA Holding CFO. Yulia’s main priority will be management of Holding’s Financial Department. Besides this, Anton Glivinskiy, who has recently occupied the position of PR Manager, has been appointed PR and Communications Director. His area of responsibility will include strategic management of ESTA Group and ESTA Holding image. Additional information: Maksim Gromadtsov graduated from Belarusian State University (Minsk) as Lawyer-Politologist. In 2006 Maksim got master degree in Central European University (Budapest, Hungary). Maksim has been working for ESTA Holding since 2008. Before appointment Investment Director he had occupied the position of Investment Manager and Chief of Analysis and Research Department. Anton Glivinskiy graduated from Donetsk National University, speciality Politology. In October 2010 he got a degree of Candidate of Political Sciences in Dnepropetrovsk National University. Anton has been working for SCM Group since 2006. Before appointment PR and Communications Director he had occupied the position of Manager of ESTA Holding Corporate Communications Department and was also engaged as SCM Project Specialist. Yulia Basistaya graduated from Dnepropetrovsk University of Economics and Law, specialty Finance and Credit. Before coming to SCM Group she was employed in SJSC Dnepropetrovsk Oil Extraction Plant (TM Oleyna) as Financial Reporting Manager. Miss Basistaya has worked for SCM since 2005. Since she’d started working for SCM and up to September 2006 she occupied the position of Financial Reporting Department Specialist, later – Department of Financial Control Manager. Yulia has been working for ESTA Holding since 2008. Before appointment ESTA Holding CFO she had occupied the position of Financial Controller. ESTA Group Completes Acquisition of Kiev TSUM The ESTA Group has consolidated the assets of Kiev TSUM and ћ-Service and established Stolichniy TSUM, a company formed to manage and develop the project. Today the concept of TSUM reconstruction is under development. "We started working on a concept even before closing the deal and we've engaged specialists with strong expertise in managing such projects. We are confident that we will make the right decision and TSUM will reclaim the status of the best retail destination of Kiev and Ukraine," noted Maksim Gromadtsov, Investment Director of ESTA Holding, the ESTA Group's managing company. TSUM's new concept will be presented within the next few months. ESTA Holding Creates Hospitality Business Development Division Dejan Djordjevic has been appointed the Managing Director of the Hospitality Business of ESTA Holding. His main objective will be to define the further strategy, develop the hotel project portfolio of the ESTA Group, improve the efficiency of the Group's hospitality business and raise the quality of services. "Hospitality business has always been a focus for ESTA Group. However, while before each facility had a manager who defined its strategy, now it is the managing company, which is responsible for strategic management," stated Nikolay Nesterenko , CEO of ESTA Holding , the managing company of the ESTA Group. "Dejan Djordjevic has been appointed to manage this direction. We believe that the unique experience of Mr. Djordjevic will help us to set even higher hospitality standards for our hotels and the Ukrainian market as a whole." Jejan's responsibilities will include the development of the ESTA Group's hotel project portfolio consisting of two functioning five-star hotels (Opera in Kiev and Donbass Palace in Donetsk) and one hotel under reconstruction (Kiev hotel in Donetsk). Dejan Djordjevic noted in his comments: "I am happy to continue my hospitality business career here in Ukraine as the national hotel market has a huge potential. Each of three ESTA hotels is unique in its way and Donbass Palace and Opera are members of the Leading Hotels of the World association, which ensures the highest hospitality standards. I am thankful for this possibility and sure that together with the hotel teams and ESTA holding we will be able to ensure sustainable growth of this business." Dejan Djordjevic has 19 years of experience in one of the best international hotel chains Hyatt (Moscow, Almaty and Belgrade). The last three years Dejan was the Managing Director of Alatau Hospitality, a company investing in different projects all over the world. In particular, on this post he managed the Four Seasons Bora Bora project and chaired several de luxe hotel projects in Almaty and the Seychelles. ESTA Group Buys Kiev Central Mall Stolichniy TSUM, a company operating under ESTA Group, obtained permission from the Antimonopoly Committee of Ukraine to concentrate the integral property of Central Department Store in Kiev (Kiev TSUM). The process to buy the building in Bogdana Khmelnitskogo street and its land is expected to be over within three months. "After long negotiations we decided to buy the integral property of TSUM and develop it as an individual project", said Nikolay Nesterenko, Chief Executive Officer of ESTA Holding, which is the managing company of ESTA Group. "We believe that this asset will be an excellent addition to the Group's portfolio". The company is developing the concept for further development of TSUM to be presented later. "Since its inception Kiev TSUM has been one of the major shopping centres in the capital. Unfortunately, it does not match the imperatives of the modern times in terms of technical state of the building and the product mix. We believe that we can turn TSUM into the best trading platform of Ukraine ", Mr. Nesterenko said at the end. ESTA Group Reconstructs Kiev Hotel in Donetsk As part of Ukraine’s preparations to host Euro 2012 ESTA Group is reconstructing Kiev Hotel in Donetsk. The company Proekt-2012 under umbrella of ESTA Group has completed acquisition of the integral property complex of Kiev Hotel located in Voroshilovsky district of Donetsk. The transaction totaled to UAH 24.6m. Along with it ESTA Group assumed obligations to bring Kiev Hotel to the global standards. "Accommodating guests of Euro 2012 on the highest level is a priority objective set to the hotels of ESTA Holding," stated Nikolay Nesterenko, General Director of ESTA Holding, the managing company of the Group. "Today we take the responsibility to reconstruct Kiev Hotel in Donetsk. We are confident that existing practices will help us create a top-class hotel to the global standards." The reconstruction concept is currently being finalized and will be approved in near future. Now ESTA Group owns two hotels: Opera Hotel (Kiev) and Donbass Palace (Donetsk), the only Ukrainian members of prestigious international organization The Leading Hotels of the World. As part of preparations to the championship Opera Hotel and Donbass Palace were the first among Ukrainian premium-class hotels to sign agreements with TUI Travel, the official tour operator of Euro 2012. Kiev Hotel was opened in 1973. The four-storey building of 5,665 sq m has 45 rooms not certified according to the State Standards of Ukraine (DSTU). Nikolay Nesterenko in Top-10 Most Effective Senior Managers in Real Estate Nikolay Nesterenko, Chief Executive Officer of ESTA Holding, has been listed in Top-10 Most Effective Senior Managers in Real Estate, according to the rating developed by Ukraine's major specialized real estate magazine, Building Business. The rating comes from a survey of 33 real estate market players: general contractors, brokers and legal companies. Effectiveness criteria included: continued design and construction works by the company managed by or with participation of the senior manager; successful investment raising deals in 2009 and purchases/sales of property concluded with participation of the senior manager. "It's not an appraisal of me but of the entire ESTA team, where I am lucky to work", says Nikolay Nesterenko. In the tough 2009, we managed to keep revenues on the pre-crisis level and continue key projects of ESTA Group: Pushkinskiy mixed-use complex and a mixed-use complex in Frolovskaya street in Kiev." Along with Nikolay Nesterenko the rating also includes senior managers of the following companies: T.M.M., FIM, KDD Group N.V., Vita Veritas, Seven Hills, Granit, Domus, DEOL Partners, Panorama Group. Pushkinskiy Complex to Meet European Standards Ukraine-based Synthesis Engineering, a subsidiary of the largest Italian Group, Montagna Costruzioni, has been chosen the general contractor for construction of Pushkinskiy complex in Donetsk. The agreement between Pushkinskiy and Synthesis Engineering Ltd was concluded on 11 November in Donetsk. "ESTA Group has always been very particular about choosing partners for any project", noted Igor Lavshuk, Project Manager of Pushkinskiy project. "Solid expertise of Synthesis Engineering will allow to create an indeed unmatched facility in Ukraine meeting the highest global standards". The plan is to deliver a multi-functional 24-storey complex of over 52,000 square metres in the first six months of 2012. "Building such a facility is special for any company. We are happy that Synthesis Engineering has been selected to build one of the best buildings in the Eastern Europe", stated Mr. Kuchera, CEO of Synthesis Engineering. "This project will be a landmark of Donetsk along with the magnificent Donbass Arena stadium and Donbass Palace hotel". The total contract amount is over EUR 52m ESTA Holding Cooperates With ATB ESTA Holding and Ukraine's biggest retailer ATB have signed an agreement to lease over 14,000 square metres of B-class office and warehouse premises in the logistics complex in Dnepropetrovsk, which is part of ESTA Group. The agreement will remain valid during three years and can be extended to five years upon consent of the parties. "Establishment of long-term mutually beneficial relations with key partners is one of the top objectives for ESTA Holding", declared Yelena Arkhipova, Investment Director of ESTA Holding. "ATB is the biggest retailer, and we believe our cooperation will be exactly like that". Since 2009 ESTA Holding has concluded agreements to lease the total of over 4,000 square metres of offices in Donetsk, over 2,000 square metres - in Kiev, in Leonardo Business Centre, as well as 18,000 square metres of office and warehouse premises in Dnepropetrovsk. ESTA Holding Opens New A-Class Business Centre In Kiev ESTA Holding and Yaroslavov Val present Leonardo, a new A-class business centre in the Kiev downtown. The new structure with the total area of over45,000 square metres lies at the crossroads of Vladimirskaya and Bogdana Khmelnitskogo streets, opposite the National Opera of Ukraine. The complex comprises two blocks of 7 and 17 storeys and offers a 7-storey on-ground parking. In addition to the office section, the facility also has a shopping area. The project is implemented and managed by ESTA Holding on a parity basis with Yaroslavov Val company. ”Following its strategy ESTA Holding is committed to building real estate facilities, which are unmatched in terms of location, importance for the city and quality. Yaroslavov Val and we developed this very type of project", says Yelena Arkhipova, Investment Director of ESTA Holding. "We feel confident about its success and hope it will be a kind of a hallmark of the Ukrainian business". The building is managed and operated by ESTA Property Management, which is part of ESTA Group. eng рус укр Blog Subscribe Home Map ESTA.UA MEMO.UA