Inkonika
In March 2008, EPH became the first listed property company to enter the parking sector when Eastern Property Partners II, of which over 95% of the limited partnership interests are owned by the Company, acquired 50% of Inkonika LLC.
Inkonika owns a number of parking projects in Moscow totalling approximately 5,000 parking spaces in 160,000 sqm of underground and above-ground parking garages. In some cases the projects also include commercial space on the street level.
Currently, two of the parking projects are under construction with completions envisaged for 2010 and 2012, respectively.
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