Krasny Selo Development plc was formed in June 2006 as a natural development of Aleksei Permitine's 20 years of experience in the Russian property development and construction markets. It is registered in the Isle of Man.

The Company primarily focuses on office, warehouse, high-end residential and mixed-use projects in Moscow and the surrounding Moscow Region.

The Company owns one Moscow site for office development (see Projects in Development - K32 link) and is in the process of acquiring another three sites. These development opportunities are in prime locations and the Directors expect them to show very good development returns.

The Projects are funded by a combination of equity, debt, pre-sales and pre-lets, together with development funding and project specific development loans.

KSD being a pure developer, tends to sell completed developments at the earliest advantageous opportunity, consistent with maximising profits, typically, on completion when the property will be fully or substantially let. Developments undertaken will be designed to encourage long term leases to international tenants; similarly, investment properties will conform to Institutional or Grade A standards so as to benefit from increasing demand for Grade A property in Moscow.

The Company will actively seek pre-lets and/or pre-sales for the developments it holds. Construction of developments within which the Company is involved will be undertaken wherever possible by international bondable contractors with significant Russian experience and on a tender basis. The Company's management team has experience in all aspects of site assembly, design, planning and construction/project management and uses its expertise to deliver developments to true international standards.