See The Village @ Nukht
|As one of the most promising and anticipated projects, The Village @ Nukht is an award-winning, western style mixed-used development offering an assortment of retail and leisure related activities. Capitalizing on the trend of affluent Mongolians spending their leisure time outside of the city center, the 10,000 square meter development is designed to fill a gap in retail and entertainment offering in Ulaanbaatar. The Village @ Nukht is forecast to become the premier, family oriented retail and entertainment destination and host to musical shows, cultural performances, weddings and special events. The interior courtyard provides access to the shops, restaurants, offices, luxury residences, and entertainment venues as well as a protected outdoor open space for visitors to enjoy the the countryside. The Village @ Nukht is the only retail getaway and leisure destination outside Ulaanbaatar’s city center.||
Click Below to Learn More
APIP completes US$12 Million Capital Raising
The Directors of Asia Pacific Investment Partners (the “Company”) are pleased to announce the successful placing of the Series C Convertible Note to a number of institutional and sophisticated investors across Asia, Europe and the US. Total proceeds raised from the Convertible Note to date are US$4.23mm. In addition, the Company is pleased to announce the successful raise of US$8.4mm of debt financing from TDB.
Commenting on the news, Lee Cashell, CEO of APIP said:
We are extremely pleased with our ability to raise significant levels of capital, from both inside and outside Mongolia, during a challenging economic time in the Mongolian economy.
Completion imminent at The Village @ Nukht
As one of the most promising and anticipated projects, attracting the wealthiest and the most sophisticated residents, The Village @ Nukht is an award-winning, western style mixed-used development offering an assortment of retail and leisure related activities. Capitalizing on the trend of affluent Mongolians spending their leisure time outside of the city center, the 10,000 square meter development is designed to fill a gap in retail and entertainment offering in Ulaanbaatar. Surrounded by the beautiful natural landscape of the Bogd Khaan Mountains outside the city core, The Village @ Nukht is forecast to become the premier, family oriented retail and entertainment destination.
Welcome to The Village @ Nukht website. Please contact us for more information regarding our company, investment opportunities, and Mongolia.
The Developers and the Village
Mongolia Real Estate Report
Since 1992, Mongolia has adopted democratic ideals and free market principals, creating a stable business environment for the recent mining boom. As a result, the economy grew 17% in 2011, 12% in 2012, and is forecast to grow in the double digits in 2013 and for many years to come. Much of this growth has been powered by the huge copper/gold project at Oyu Tolgoi, owned by Rio Tinto and the Government of Mongolia. Ore extraction began at Oyu Tolgoi in February 2013, with commercial shipments beginning a few months later. Huge FDI inflows began to cool in 2012 with the introduction of a controversial foreign investment law. The drop off in FDI was exacerbated by poor commodities prices, a general retreat of capital from emerging markets, and the winding down of expenditures at Oyu Tolgoi. More recently, in October 2013, Parliament passed a new investment law much more open to foreign investment, revoking the old investment law in the process. In response to a structural deficit, which stands at around 7% of GDP, the legislature also passed the Fiscal Stability Law, which stipulates that government deficit spending must be brought to under 2% of GDP. Concerns have been voiced as to whether Mongolia can achieve this deficit target, especially when including recent off-budget spending financed by the 2012 sovereign “Chingis” bond issuance. In July 2013 it was announced that Savings Bank, a fairly sizable local financial institution, was insolvent and would be taken over by the government. The value of the mortgage market has increased by 50% since July 2013 in response to a new policy, which capped annual mortgage rates at 8%.