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Joint venture agreement signed in Aksai

Chagala Group Limited, the specialist Kazakh real estate developer and operator listed on the London Stock Exchange, today announces that it has signed a joint venture agreement withMaverick, a company based in the town of Aksai in the West of Kazakhstan, to renovate, own and operate an accommodation and recreational facility in the centre of […]

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Interim results for the 6 months to 30 June 2007

Chagala, the specialist Kazakh real estate developer and operator, is pleased to announce its interim results for the six months to 30 June 2007. The first quarter of the year showed a slowdown in the influx of personnel involved on the Kashagan oilfield project and this had an effect on occupancy levels in Atyrau. However, […]

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Appointment of new Chief Financial Officer

Chagala, the specialist Kazakh real estate developer and operator, is pleased to announce the appointment of Andrea Bucekova as Chief Financial Officer (CFO) of the Company. The appointment is to take place with immediate effect. Prior to joining Chagala Andrea Bucekova, 35, was Finance Director at Massive Slovakia for two years and spent 2 years […]

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DTZ report values Chagala Group assets up 35% over 12 months at US$194,353,218

Chagala Group, the specialist Kazakh real estate developer and operator, commissioned the chartered surveyors DTZ to appraise the market value of its portfolio of assets and projects. The final report, released on the company’s website today (www.chagalagroup.com), concludes that the current market value of the Group, as at 1 October 2007, is US$194,353,218, which represents […]

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Announcement of net asset valuation and interim results date

Following today’s announcement regarding DTZ report assessing Chagala’s market value of its portfolio of assets, the Company would like to clarify its revised Net Asset Value. It should be noted that the DTZ report does not account for minority shareholdings in some of Chagala’s assets, in particular Chagala’s 50.1% shareholding in the shopping malls located […]

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Trading update

Chagala Group Limited, the specialist Kazakh real estate developer and operator, today gives the following trading update ahead of its close period. Chagala would also like to note that, in line with its policy of giving regular net asset value (NAV) updates, it will also be making an announcement in this regard before the end […]

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Annual information update

For the period from 1 July 2006 to 30 June 2007 The Company announces that in accordance with the requirements of the Prospectus Rule 5.2, the following information has been published or made available to the public during the period from 1 July 2006 to 30 June 2007 in compliance with laws and rules dealing […]

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Acquisition of development land in Aktau

Chagala Group Limited, the specialist Kazakh real estate developer and operator, today announces that it has acquired a 3.4 hectare site in Aktau in Western Kazakhstan. The land will be used for the development of two 2000 sq. m. warehouses with 1.5 hectares of ‘lay down’ area for each. Chagala is currently in negotiation to […]

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Maiden Preliminary Results for the year ended 31 December 2006

Chagala, the specialist Kazakh real estate developer and operator, is pleased to announce its maiden preliminary results for the year ended 31 December 2006. These results are in line with management expectations and have been achieved in a year that has seen a shift in management attention from the main business of developing and running […]

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Agreement signed to develop shopping centers in Kazakhstan

Chagala Group Limited, the specialist Kazakh real estate developer and operator, today announces that it has signed an agreement with Zere, a Kazakh joint stock company, to develop and operate a number of shopping centres across Kazakhstan. Zere is a well established and prominent Kazakh group which specializes in the development of commercial real estate, […]

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