East 8 is known in Kiev by the trade name 'Jones East 8'. It is a multi-disciplinary, real estate, design and construction consultancy employing architects, structural engineers and service engineers. Through its Ukrainian company "D'Estate" it has design and management licenses for operating in Ukraine. East 8 was established in 1990 and focused solely on eastern Europe. East 8 has been established in Kiev since 1993.

East 8 is led by a British architect. The experience of designing, supervising and securing permissions in Kiev eight years means East 8 is uniquely qualified to act as a bridge between clients from western countries and Ukraine.

Agency services became the mainstay but by using separate legal entities small apartment developments were successfully realized. In 1995 together with other private investors East 8 created a separate Cypriot development company and purchased a building. East 8 created its own construction company "D' Estate", secured design, management and construction licenses, redesigned the building providing a genuine open plan with an 80 % increase in lettable area and built a new building behind the historic facade from the foundations up. In 1997 East 8 agreed to sell the Cypriot development company to Raiffeisen Property Invest. D'Estate then fitted out the building and it was opened by the Federal Chancellor of Austria as the first wholly western owned bank building in Ukraine. The hard won experience and successful sale proved a major threshold and East 8 secured new commissions as agents, consultants and contractors. It established Jones East 8 as a credible development name in Kiev.

We provide full range of agency services: finding tenants/pur chasers, valuations, market studies, appraisals, development advice, lease preparation. Agency services are normally provided on a nonexclusive success basis. There is a policy of only working with a clear instruction in place. We only act for one side in a transaction and do not take covert payments. Exceptionally we or one of our associated companies may have an interest in a transaction, where this is the case it will be brought to the attention of the Client.

Kiev experience

East 8's advisory jobs in Ukraine:

o European Bank for Reconstruction and Development: appraisal of 18,000 m2 office development
o European Bank for Reconstruction and Development: advice on lease terms measurement practice in Kiev
o ING Bank: trouble shooters on a 2.5 million USD fit out project
o Boehringer Ingelheim HQ: project managers and advisers on design, title and permissions for a 6,000 square metre office development in Podol.
o Creditanstalt: business plan for major overhaul of the Kiev Hotel
o UMC HQ: Project managers for 8,000 m2 office development
o Lloyds underwriters: loss adjusters
o TACIS (under the team leadership of Dutch consultancy Boucentrum): advice on local practices and supervision of energy saving in the Podol housing sector
o US AID: valuation of a 30,000 square metre shop in Odessa for the purposes of privatisation on behalf of US AID.
o Coopers & Lybrand: valuation of a factory in Ternopil and shop in Odessa
o Tracy Equities (on the recommendation of the European Bank for Reconstruction and Development): market study for a residential and office development in Kiev.
o Private Swiss investors: advisers on title and permissions for the successful purchase of the Vladimirskaya 12 site which envisages a 10,000 square metre office development.

East 8's design work in Kiev/Belarus/Moldova:

o Three community centres each between 3,500 and 5,000 m2
o Billa: supermarkets of 4,300 m2 named Kiev commercial project of the year 1999
o Raiffeisen Property Invest: Vorovskogo 40 Phase I bank and office of 1,600 m2
o Raiffeisen Property Invest: Vorovskogo 40 Phase II office of 7,500 m2
o East 8's own development: Vorovskogo 42 office of 2,200 m2
o British Embassy club house
o Golden Gate Hotel: competition winners
o Miscellaneous small designs as part of design and build contracts including apartments, offices and studio

East 8's project management/construction jobs in central Kiev:

o Raiffeisen Property Invest: new office building with steel structure behind a historic facade. Total area 1,600 m2. The project also included the fit out of banking facilities including vaults, cash desks and an EDP room.
o Boehringer Ingelheim: new office 1,800 m2 precast concrete structure
o British Embassy: refurbishment of offices for the British Council
o Societe Generale: conversion of offices into apartment
o Sucden Kerry: extension of office
o International Monetary Fund: conversion of apartment to office
o British Broadcasting Corporation: installation of studio and refurbishment of office
o Private clients: numerous apartments and small offices

East 8 have advised the following clients on procurement or leasing property in Kiev: British Embassy, Swiss Embassy, German Embassy, Japanese Embassy, Italian Embassy, Danish Embassy, European Bank of Reconstruction and Development, Coca Cola, Pepsi Cola, Coopers & Lybrand, Price Waterhouse, KPMG Peat Marwick, Arthur Andersen, Deloitte & Touche, Ernst & Young, Carghill, Group Schneider, AT&T, British Telecom, PTT Dutch Telecom, Utel, UMC, BP and many others.

East European background

East 8's created the Real Estate Development in Eastern Europe Report (the 'REDEE report') covering: Czech and Slovak Republics, Hungary, Poland and Russia, Romania and Bulgaria. The REDEE report analysed the market for hotels, offices, housing, industrial real estate, retail and infrastructure in the principal cities. The report also considered: development control, company law, real estate law, finance, privatisation, valuation, construction industry, developers perspective, consultants perspective and funding. The report has been referred to as our 'real estate bible' by the European Bank for Reconstruction and Development and as the 'definitive guide' by the Financial Times.

East European consultancy work includes:

o Abela Corporation: preparation of an information memorandum for equity and debt investors for a 300 room hotel in central Kiev. The memorandum was prepared in compliance with the European Bank for Reconstruction and Development's requirements and incorporated a market study and business plan.
o European Bank for Reconstruction and Development: experts on the USD 120 million NBP Banking Centre in Warsaw, Poland. The assistance included corporate, financial, specification and insurance advice.
o Tracy Equities (on the recommendation of the European Bank for Reconstruction and Development): preparation of a market study for a 15,000 square metre combined office and residential development in central Kiev.
o Dumas West & Co (on the recommendation of the European Bank for Reconstruction and Development): East 8 carried out a market study on Warsaw Housing.
o German, Norwegian and Polish Governments: advice on the development of new housing policy for Poland. The advice involved pilot projects in Polish cities and culminated in a 'green paper' which formed the basis for debates in the Polish Parliament and new Polish law.
o Comco (Swiss trading company): preparation of business plan and negotiations on behalf of the client leading to the sale of the Samorodinka housing project in Moscow for 1.25 million USD.

Experience of the principal

Philip Hudson, RIBA is a chartered architect. He received a scholarship to attend and qualified at the Architectural Association, London.

While working in Kiev he has led the following design exercises:

o Vorovskogo 40 Phase I office: 1,600 m2 nearing completion
o Vorovskogo 40 Phase II office: 6,500 m2
o British Embassy club house
o Golden Gate Hotel: competition winners
o Miscellaneous small designs as part of design and build contracts including apartments, offices and studio

While working for major UK architects Covell Matthews and Wheatley he led design and project teams to success in several design and development competitions involving the utilisation of local authority and nationalised industry land. The projects included:

o winning the GBP 500 million Bishops Gate Goodsyard urban renewal project in London. The project involved local community participation during the commercial tender process
o winning the GBP 100 million BP HQ project in Paris
o second place in the GBP 80 million Morrison Street project in Edinburgh

He has personally run major projects on site, including Coopers and Lybrand's 10 million USD offices in the City of London with responsibility for over fifty consultants, contractors and sub-contractors. He also ran the 5 million USD IBM production, warehouse and office facility in Havant, England with a sketch design to completion period of ten months. He participated in the Jacksons Lane Community Centre project in Highgate, London which involved incorporation of a sports hall half way up the height of a nineteenth century gothic nave and the provision of a simple performance space.

His design projects have been published in:

o Sunday Times
o Financial Times
o Daily Telegraph
o Scotland on Sunday
o The Scotsman
o Building Design
o Architects Journal

He has been exclusively involved in eastern Europe since 1989 and was the principal author of the 'REDEE report'. He has presented numerous papers at seminars and conferences including:

o 'Eastern Europe - The political and economic background' at the Royal Institute of British Architects in London in February 1991.
o 'Eastern Europe - The commercial environment' at the Royal Institution of Chartered Surveyors conference in London in February 1992.
o 'The Use of Planning Competition Procedures by Local Authorities to Promote Urban Regeneration' at the INTA conference in Warsaw and Krakow in July 1992.
o 'Real Estate Development in Eastern Europe' at Henry Stewart's conference: European Property - a briefing for property researchers' in London in November 1992.
o 'Land Management in Local Authorities in Eastern Europe' at the ADEF conference: Land Tenure and the Urban Development Process in Eastern Europe in Paris in November 1992.
o 'Urban Renewal in eastern Europe' at the Adam Smith Institute conference in London in the Spring of 1993.

In addition he has written on east European real estate for numerous publications including the

o Financial Times (Privatisation)
o Business Eastern Europe (Housing)
o Euromoney (Finance)
o Estates Gazette (Sectoral Analysis)
o Estates Times (Emerging Market)
o Building Design (Emerging Market)
o Architects Journal (The Position of the Profession)
o Building (Western Contractors)
o Europroperty (Russian Real Estate)
o America's National Real Estate Investor (Sectoral Analysis)
o Housing Finance in Turbulence (chapter on urban renewal)
o Urban Renewal (chapter on eastern Europe)
o Land Tenure and Property Development in eastern Europe (chapter on urban renewal)
o CBI European Business Handbook (chapter on east European Real Estate)