July 23, 2008, Ěîńęâŕ.: “COMSTAR – United TeleSystems” JSC (“Comstar” or “the Group”) (LSE: CMST), the leading integrated telecommunications operator in Russia and the CIS announces its joining the Guild of property managers and developers (GMD) – the largest All-Russia association of the commercial real estate market participants.

The Guild of property managers and developers was founded in the year 2002 with intent to create conditions for efficient promotion, development and growth of companies’ business - participants on the commercial real estate market. Currently, the Guild is comprised of more than 180 companies from Moscow, Saint-Petersburg, the largest regions of Russia and foreign countries. Members of the GMD are the leading players on the real estate market. They occupy active positions in this fast growing segment and determine development tendencies of the trust management market to a considerable degree.

«For a long time COMSTAR-UTS successfully works together with property developers to provide real estate objects with modern complex telecommunication services, - commented Alexey Goncharuk, First Vice-president of JSC COMSTAR-UTS. – Being a member of the Guild of property managers and developers our company is able to access to the most relevant information about events and innovations related to the market, which is very important for us. Now we have a unique opportunity to share the experience, strengthen partnership relations, explore business contacts and implement joint projects ». 

 «We are happy about the fact that such a reputed company has joined our Guild. COMSTAR’s participation in the GMD activities will make it possible for COMSTAR to prove its status of the market leader and also to improve its competitiveness in the given segment of real estate, and to make itself known to the large audience of professionals», - emphasized Alexander Olkhovsky, President, Guild of property managers and developers.

On a regular basis, the Guild organizes significant professional events in the center of the Country and in its regions as well: meetings, seminars, round tables, conferences, such as International investment Forum PROstate and annual Christmas summits in Saint-Petersburg and Moscow.

For more information about GMD and its activities, please visit: https://www.proestate.ru.