leader and was the first to put its client on Besides investments in city real estate, the top of the pyramid of values. Mutual the company is currently developing three Things you didn’t know about relation between the client and the business- and premium-class suburban MIEL holding company is source of information settlements with total area of construction The MIEL hot air balloon: about clients in all market segments. It is about 212,000 m2. In 2006 the total volume • was born in 2006 in the city of Brno, the impossible for outside observers to sense of MIEL’s transactions in the primary Czech Republic the market and correctly understand suburban real estate amounted • began to fly practically from birth www.miel.ru trends and processes. to $365,4 million. • completed its first flight in Switzerland Nowadays MIEL provides consulting at a hot air balloon festival at the services within the frames of its all Achievements & Prospects Chateau d’Oex alpine resort. was businesses. The numbers gives a clear In 2006, the Independent Expert Council awarded three gold bars – the prize evidence of demand for the services: of the Superbrands International program of the Swiss bank BSVG, the sponsor In 2006, investment consulting services entitled MIEL a Superbrand of the Russian of the event were provided for ten commercial estate market for the third year in a row. • received the title Golden Broker projects, the floor space of these facilities In 2006, CJSC MIEL Real Estate, one • took part in the ‘Smolensk Diamonds’ exceeded 973,000 m2, and the total of the holding companies, was listed international hot air balloon sport MIEL, an Investment and Development Holding Company offers high level knowledge-based services at amount of recommended investments in ‘Expert-400’ annual rating of major tournament the Russian Real Estate market since 1991. MIEL operates through 26 branches in and 5 in Moscow reached $1,914 billion. companies. • at 8th FIA World Hot Air Airship Region (, , Naro-Fominsk, , ). In other Russian regions, MIEL has For leading real estate companies, the In 2006, Grigory Kulikov, Chairman of Championship and International wave of the future will be large-scale the Board of Directors of MIEL Holding Balloon Fiesta in Tsarskoye Selo showed representative offices in Obninsk, Sochi, and 2 in . The MIEL Franchisee network currently projects and integrated solutions that Company, led ‘Professional Services’ the best result among the Russian th numbers 10 offices in Omsk, Barnaul, and Tyumen. will allow increasing business efficiency. category of 500 TOP-managers of teams and took 4 place Consequently, MIEL experts offer the market rating prepared by the Association of • character features: fast, sure, goal-oriented Values of the Brand appreciating the contribution of one will remain with you for whom you a number of new business technologies Managers of Russia and the Kommersant • interests: looking beyond the horizon MIEL Investment and Development Holding everyone in the common cause’. will be a person, not a machine, not an such as Private Property Management. Publishing House. Some senior managers Company sets the standards in the sphere • Acceptance through firsthand information resource, not an executor, The decision to start franchising system of MIEL-Real estate were included in the Main projects of 2006 of intellectual services, builds up long- experience: ‘We believe in the strength but an ally and partner’. development is also innovative because it TOP-1000 list, as well. M.O.N.A.K.O.V.O de-luxe cottage term relations with clients, and creates of personal immersion. To be personally solves one of the most important problems In 2006, MIEL-Brokerage won the First village; Akademdom; the Volzhsky conditions for the employees’ professional immersed means to understand the Innovations & Promotion for any large player on the real estate All-Russian Contest among participants Micro district; Grand-Park and potential development. interests and desires of the other person, The real estate market trends observed market – being just one step away from the of ‘Affordable and Comfortable Housing Privat Skver residential complexes; Following these approach, the Company sense the specifics of his views and in 2005–2006 pointed to the need for an client. for Citizens of Russia’ national project Solntsegrad District; -City works to achieve the strategic goals: to strivings, his passion’. innovative path for any structure that and was acknowledged as the best shopping and office center. strengthen MIEL’s leadership positions on • Development: ‘We know how to reinvent strives for success on this market. For the Economy & Finance company in residential mortgage the market and justify the expectations ourselves and not sit on our laurels. MIEL holding company, innovation is the Investment as an independent line of lending. Estate Market of St. Petersburg and of people accustomed to high-class We improve ourselves to meet the way to determine what the market will look business for real estate agencies emerged In 2006, Grigory Kulikov, Chairman of Leningrad Oblast’ category. professional services of the international requirements of the market, to stay a like tomorrow. In the process of evolution relatively recently – in the late 1990s. That the Board of Directors of the MIEL Holding At the 3rd ‘Real Estate, Mortgage and standards. step ahead of our client. We lead in the from a real estate agency to an investment was also when MIEL began to get involved Company, was nominated for the annual Investments 2006’ Exhibition, MIEL Real MIEL’s creative and pragmatic corporate understanding of the essence of modern and development holding company, MIEL in investment projects. In 2006, investment Aristos prize in the category of ‘Best Top- Estate (Omsk) received the gold medal culture based on values that distinguish services’. accumulated a significant knowledge base became one of the most important lines Manager’. and award for active participation in the the holding company from the other • Style: ‘Our style is our professional comprising the company’s intellectual of business, and today the scale of MIEL The 12th Annual ‘KAISSA-2006’ formation of the civilized estate market in players on the real estate market helps to signature, it reflects our attitudes capital. During a qualitatively new stage investment activity is already measured in Interregional Public Contest in the the Omsk region. achieve these goals. towards business and life. This is our of development, MIEL has shifted the pole the billions of dollars. sphere of real estate was held by the At the 9th Real Estate National Congress, MIEL’s values are: creative contribution to the creation of of interests from sales and completed Based on the results of 2006, the Association of Realtors of St. Petersburg MIEL Real Estate in the city of Omsk and • Respect for individuality freedom: a new style services, which is first-class transactions to the provision of services company held 6,6% of the new construction and Leningrad Oblast, and MIEL MIEL Real Estate in the city of Barnaul ‘We see a great resource for the service’. being the pioneer in the intellectual market of the Moscow Region and 4,4% of St. Petersburg became a winner of received the awards of Professional company in the individuality of every • Trust: ‘This is the result of our work, the leadership on the real estate market. the secondary real estate market. By 2010, ‘Best Contribution by a Real Estate Recognition in the category of ‘Best employee and promote it. We build criteria by which we measure the level of In 2006, MIEL determined a formula for MIEL plans to hold 10% of the regional real Agency to the of Advanced Brokerage Company on the Mortgage successful alliances while sincerely our professionalism. Our view is that the success that is intrinsic to a civilized market estate market. Technologies Development on the Real Transactions Market 2006’.

YYaroslavl-Cityaroslavl-City PPrivatrivat SSkverkver MM.O.N.A.K.O.V.O.O.N.A.K.O.V.O

AAkademdomkademdom SSolntsegradolntsegrad GGrand-Parkrand-Park VVolzhskyolzhsky

2 СУПЕРБРЭНДЫ СУПЕРБРЭНДЫ 3 leader and was the first to put its client on Besides investments in city real estate, the top of the pyramid of values. Mutual the company is currently developing three Things you didn’t know about relation between the client and the business- and premium-class suburban MIEL holding company is source of information settlements with total area of construction The MIEL hot air balloon: about clients in all market segments. It is about 212,000 m2. In 2006 the total volume • was born in 2006 in the city of Brno, the impossible for outside observers to sense of MIEL’s transactions in the primary Czech Republic the market and correctly understand suburban real estate amounted • began to fly practically from birth www.miel.ru trends and processes. to $365,4 million. • completed its first flight in Switzerland Nowadays MIEL provides consulting at a hot air balloon festival at the services within the frames of its all Achievements & Prospects Chateau d’Oex alpine resort. was businesses. The numbers gives a clear In 2006, the Independent Expert Council awarded three gold bars – the prize evidence of demand for the services: of the Superbrands International program of the Swiss bank BSVG, the sponsor In 2006, investment consulting services entitled MIEL a Superbrand of the Russian of the event were provided for ten commercial estate market for the third year in a row. • received the title Golden Broker projects, the floor space of these facilities In 2006, CJSC MIEL Real Estate, one • took part in the ‘Smolensk Diamonds’ exceeded 973,000 m2, and the total of the holding companies, was listed international hot air balloon sport MIEL, an Investment and Development Holding Company offers high level knowledge-based services at amount of recommended investments in ‘Expert-400’ annual rating of major tournament the Russian Real Estate market since 1991. MIEL operates through 26 branches in Moscow and 5 in Moscow reached $1,914 billion. companies. • at 8th FIA World Hot Air Airship Region (Balashikha, Mytishchi, Naro-Fominsk, Serpukhov, Khimki). In other Russian regions, MIEL has For leading real estate companies, the In 2006, Grigory Kulikov, Chairman of Championship and International wave of the future will be large-scale the Board of Directors of MIEL Holding Balloon Fiesta in Tsarskoye Selo showed representative offices in Obninsk, Sochi, and 2 in Saint Petersburg. The MIEL Franchisee network currently projects and integrated solutions that Company, led ‘Professional Services’ the best result among the Russian th numbers 10 offices in Omsk, Barnaul, and Tyumen. will allow increasing business efficiency. category of 500 TOP-managers of Russia teams and took 4 place Consequently, MIEL experts offer the market rating prepared by the Association of • character features: fast, sure, goal-oriented Values of the Brand appreciating the contribution of one will remain with you for whom you a number of new business technologies Managers of Russia and the Kommersant • interests: looking beyond the horizon MIEL Investment and Development Holding everyone in the common cause’. will be a person, not a machine, not an such as Private Property Management. Publishing House. Some senior managers Company sets the standards in the sphere • Acceptance through firsthand information resource, not an executor, The decision to start franchising system of MIEL-Real estate were included in the Main projects of 2006 of intellectual services, builds up long- experience: ‘We believe in the strength but an ally and partner’. development is also innovative because it TOP-1000 list, as well. M.O.N.A.K.O.V.O de-luxe cottage term relations with clients, and creates of personal immersion. To be personally solves one of the most important problems In 2006, MIEL-Brokerage won the First village; Akademdom; the Volzhsky conditions for the employees’ professional immersed means to understand the Innovations & Promotion for any large player on the real estate All-Russian Contest among participants Micro district; Grand-Park and potential development. interests and desires of the other person, The real estate market trends observed market – being just one step away from the of ‘Affordable and Comfortable Housing Privat Skver residential complexes; Following these approach, the Company sense the specifics of his views and in 2005–2006 pointed to the need for an client. for Citizens of Russia’ national project Solntsegrad District; Yaroslavl-City works to achieve the strategic goals: to strivings, his passion’. innovative path for any structure that and was acknowledged as the best shopping and office center. strengthen MIEL’s leadership positions on • Development: ‘We know how to reinvent strives for success on this market. For the Economy & Finance company in residential mortgage the market and justify the expectations ourselves and not sit on our laurels. MIEL holding company, innovation is the Investment as an independent line of lending. Estate Market of St. Petersburg and of people accustomed to high-class We improve ourselves to meet the way to determine what the market will look business for real estate agencies emerged In 2006, Grigory Kulikov, Chairman of Leningrad Oblast’ category. professional services of the international requirements of the market, to stay a like tomorrow. In the process of evolution relatively recently – in the late 1990s. That the Board of Directors of the MIEL Holding At the 3rd ‘Real Estate, Mortgage and standards. step ahead of our client. We lead in the from a real estate agency to an investment was also when MIEL began to get involved Company, was nominated for the annual Investments 2006’ Exhibition, MIEL Real MIEL’s creative and pragmatic corporate understanding of the essence of modern and development holding company, MIEL in investment projects. In 2006, investment Aristos prize in the category of ‘Best Top- Estate (Omsk) received the gold medal culture based on values that distinguish services’. accumulated a significant knowledge base became one of the most important lines Manager’. and award for active participation in the the holding company from the other • Style: ‘Our style is our professional comprising the company’s intellectual of business, and today the scale of MIEL The 12th Annual ‘KAISSA-2006’ formation of the civilized estate market in players on the real estate market helps to signature, it reflects our attitudes capital. During a qualitatively new stage investment activity is already measured in Interregional Public Contest in the the Omsk region. achieve these goals. towards business and life. This is our of development, MIEL has shifted the pole the billions of dollars. sphere of real estate was held by the At the 9th Real Estate National Congress, MIEL’s values are: creative contribution to the creation of of interests from sales and completed Based on the results of 2006, the Association of Realtors of St. Petersburg MIEL Real Estate in the city of Omsk and • Respect for individuality freedom: a new style services, which is first-class transactions to the provision of services company held 6,6% of the new construction and Leningrad Oblast, and MIEL MIEL Real Estate in the city of Barnaul ‘We see a great resource for the service’. being the pioneer in the intellectual market of the Moscow Region and 4,4% of St. Petersburg became a winner of received the awards of Professional company in the individuality of every • Trust: ‘This is the result of our work, the leadership on the real estate market. the secondary real estate market. By 2010, ‘Best Contribution by a Real Estate Recognition in the category of ‘Best employee and promote it. We build criteria by which we measure the level of In 2006, MIEL determined a formula for MIEL plans to hold 10% of the regional real Agency to the of Advanced Brokerage Company on the Mortgage successful alliances while sincerely our professionalism. Our view is that the success that is intrinsic to a civilized market estate market. Technologies Development on the Real Transactions Market 2006’.

YYaroslavl-Cityaroslavl-City PPrivatrivat SSkverkver MM.O.N.A.K.O.V.O.O.N.A.K.O.V.O

AAkademdomkademdom SSolntsegradolntsegrad GGrand-Parkrand-Park VVolzhskyolzhsky

2 СУПЕРБРЭНДЫ СУПЕРБРЭНДЫ 3