Real Estate

Monday, January 17

The State Property Fund (SPFU) sells Borshchiv distillery.

The State Property Fund (SPFU) sells Borshchiv distillery. On January 27, the State Property Fund will put up the Borshchiv distillery (Ukrspirt) for auction with a starting price of UAH 28.1M ($1.01M). The asset includes 32 real estate objects and contains 7...

Friday, January 14

The court seized 100% of the shares of the Bolshevik plant.

The court seized 100% of the shares of the Bolshevik plant. An investigating judge has seized 100% of shares of the First Kyiv Machine-Building Plant (“Bolshevik”). The Bureau stated that investigators are currently establishing all the circumstanc...

Illichivsk plant of reinforced concrete structures is now for sale for UAH 80 M.

Illichivsk plant of reinforced concrete structures is now for sale for UAH 80 M. The National Bank of Ukraine is currently selling the Illichivsk Plant of Reinforced Concrete Structures at UAH 80.2 M ($ 2.9 M). The company sits on a land plot measured at 16.9 hectares with buildin...

Thursday, January 13

Three significant privatizations are expected in 2022.

Three significant privatizations are expected in 2022. The President’s Office expects to see the privatization of three large enterprises: The United Mining and Chemical Company (OGHC); The Centrenergo, and The Odesa Port Plant, in 2022. The privati...

Wednesday, January 12

Ukraine budget received UAH 1.62 B from the lease of state property.

Ukraine budget received UAH 1.62 B from the lease of state property. Revenues from the lease of state property to the budget in 2021 amounted to a record of UAH 1.62 B ($ 59 M), reported The State Property Fund (SPFU). According to the head of SPFU, Dmytro Sennychenko,...

Tuesday, January 11

Ukreximbank is selling assets of the Zaporizhzhya Cable Plant.

Ukreximbank is selling assets of the Zaporizhzhya Cable Plant. The property of the Zaporizhzhya Cable Plant, which was used as collateral for bad loans, is being sold at auction. The auction will take place on the OpenMarket site (SE “SETAM” of the Mi...

Odesa coffee plant is up for sale at a Dutch auction.

Odesa coffee plant is up for sale at a Dutch auction. Oschadbank will sell a coffee plant in the Odessa region at a Dutch auction for the first time. The State Savings Bank has put the right of monetary claim for sale under a loan agreement with Ukrkava ...

An industrial park with five productions will be created in the Kharkiv region of Ukraine.

An industrial park with five productions will be created in the Kharkiv region of Ukraine. An industrial park with five chemical facilities and a garbage sorting line will be set up in the Kharkiv region, this was announced by the Kharkiv Regional State Administration. Valkiv City Council i...

UFuture will build five plants in the territory of the industrial park in Bila Tserkva.

UFuture will build five plants in the territory of the industrial park in Bila Tserkva. The holding company UFuture, owned by a businessman named Vasily Khmelnitsky, announced a change in its configuration and completion of the first phase of the industrial park in Bila Tserkva. Accordin...

Wednesday, January 5

SPFU sells Odessa Champagne Factory.

SPFU sells Odessa Champagne Factory. The State Property Fund of Ukraine (SPFU) is putting the Odesa Champagne Factory up for sale at a starting price of UAH 87.4 M ($3.22 M). The wine factory with cellars was built to hold 2 M bottles of...

The taxation of real estate transactions has changed.

The taxation of real estate transactions has changed. Previously, income from the sale of one property per year was not taxed, and the sale of the second and subsequent properties were taxed at a rate of 5%. The new tax law #5600 should close this possib...

The average price of 1 square meter in Kyiv is UAH 35,000.

The average price of 1 square meter in Kyiv is UAH 35,000. In January, the average price of 1 square meter in new residential complexes in Kyiv was UAH 35,000 ($1280). According to market research portal LUN.ua, the average price of 1 square meter is: economy...

Thursday, December 30

The Ukraina Hotel has been transferred to the Ministry of Infrastructure.

The Ukraina Hotel has been transferred to the Ministry of Infrastructure. President Volodymyr Zelensky has signed a decree transferring the ownership of the hotel which is located on Independence Square in Kyiv. The hotel had been previously owned by the State Tax Service. ...

Monday, December 27

One of the largest construction companies plans to triple its investments.

One of the largest construction companies plans to triple its investments. In 2022, the Kovalska Industrial and Construction Group plans to invest UAH 2.4 bln ($88 mln) in developing industrial assets. Kovalska is investing UAH 1.2 bln ($ 44 mln) in production in the Lviv re...

Thursday, December 23

Shmygal instructed to intensify 2022 the privatization and corporatization of state assets.

Shmygal instructed to intensify 2022 the privatization and corporatization of state assets. Prime Minister Denis Shmygal has set a task for the Ministry of Economy to strengthen reforms in the privatization and corporatization of state assets next year. “Last year, we started the proce...

The average price per square meter in new buildings is increased by 25.7% in Kyiv.

The average price per square meter in new buildings is increased by 25.7% in Kyiv. During the period January-November 2021, the price increased by 21% to 43,200 UAH per square meter. In USD the price increased by 25.7% to $1,588, said the founder of proptech-company M4U, Volodymyr D...

Wednesday, December 22

Ukraine has issued more than 1,200 building permits in three months.

Ukraine has issued more than 1,200 building permits in three months. The State Inspectorate for Architecture and Urban Planning of Ukraine has issued more than 1,200 building permits in the three months since its launch, reported ukrinform. Currently, 99% of customer r...

Tuesday, December 21

The international network IWG will open the first Regus Serviced Office facility in Dnipro in May 2022.

The international network IWG will open the first Regus Serviced Office facility in Dnipro in May 2022. According to the Director of IWG-Ukraine, Yulia Litvinenko, “We have seen a real boom of startups in this region and received constant requests for location here”. The new Regus will be in the heart o...

The online auction for the privatization of the Irpin Correctional Center will take place on December 21.

The online auction for the privatization of the Irpin Correctional Center will take place on December 21. The asset is located in Kotsyubynske, Kyiv region, and has a starting price of UAH 220.2 mln ($8.1 mln). The auction is scheduled to be held today reported State Property Fund.

Epicenter Opens the IQ Office in the Khmelnytsky region.

Epicenter Opens the IQ Office in the Khmelnytsky region. The total area is 6.300 square meters, and it is located in Gorodok in the Khmelnytskyi region. The total investment in the project was UAH 350 mln ($12.8 mln). “The IQ office will be a magnet for goo...

Friday, December 17

Turkish-based Bosphorus Development has entered the Ukrainian Market.

Turkish-based Bosphorus Development has entered the Ukrainian Market. The company will begin constructing its first project in Kyiv at the beginning of 2022. A multifunctional residential complex in the center of Kyiv with retail and social facilities, announced the fou...

Thursday, December 16

The land is for sale at Prozorro.Sales.

The land is for sale at Prozorro.Sales. On December 17, 2021, the Individual Deposit Guarantee Fund will hold an auction to sell commercial real estate in the central part of Kyiv, which belongs to a Land Capital Bank. The funds from the Pr...

Wednesday, December 15

“The most attractive industries for investment in Ukraine

“The most attractive industries for investment in Ukraine are mechanical engineering, energy, information technology, agriculture, and construction”, said the Minister of Economy, Yulia Svyridenko who was speaking with the Regional Director of the World Bank...

Qatari’s Al Rayyan Tourism invests in the modernization of the Ukraine Hotel.

Qatari’s Al Rayyan Tourism invests in the modernization of the Ukraine Hotel. The Ministry of Infrastructure has signed a memorandum with Qatari investor Al Rayyan Tourism Investment to attract investment, develop tourism and hotel infrastructure. The plans include construction...

Tuesday, December 14

Ukrainian Projects will participate at MIPIM 2022.

Ukrainian Projects will participate at MIPIM 2022. Projects will be representing the country at MIPIM in Cannes France in March next year. MIPIM is the world’s leading real estate event, and the second-largest festival after the Cannes film festival i...

Kyiv apartment rental app Bird launched in London, UK.

Kyiv apartment rental app Bird launched in London, UK. Bird, an iOS app for long-term apartment rentals in Kyiv, is an experimental product of the company LUN, which appeared in the App Store in December 2018. Its main features are a detailed 3D map, whic...

Thursday, December 9

The European Bank for Reconstruction and Development (EBRD) will invest $50 mln to develop industrial and logistics real estate in Ukraine.

The European Bank for Reconstruction and Development (EBRD) will invest $50 mln to develop industrial and logistics real estate in Ukraine. The EBRD will finance Dragon Capital Investments Ltd in its development and management of industrial and logistics real estate. The decision to allocate funding to the EBRD Board of Directors will be ...

Tuesday, December 7

State Property Fund has invited investors to take part in the OGHK privatization auction

State Property Fund has invited investors to take part in the OGHK privatization auction . Potential investors have until December 9, 2021, to apply to participate in the auction to privatize 100% of the shares of United Mining and Chemical Company (OGHK), which will take place on Decembe...

Monday, November 29

Oschadbank put up for sale a margarine factory and a residential building in the center of Kyiv.

Oschadbank put up for sale a margarine factory and a residential building in the center of Kyiv. The auction will be held on December 9 on the OpenMarket site to sell two assets. The first asset for sale is a residential building in Kyiv with a total area of 1,214 square meters, with a starting p...

Friday, November 26

Odessa winery was privatized for UAH 235 mln.

Odessa winery was privatized for UAH 235 mln. The winner of the auction Odesavinprom plant paid UAH 235 mln ($8.7 mln), announced the State Property Fund. Under the terms of privatization, the new owner must ensure the preservation of the core bu...

Tuesday, November 23

State Property Fund of Ukraine (SPFU) sold 30 distilleries for UAH 1.7 bln ($64 mln).

State Property Fund of Ukraine (SPFU) sold 30 distilleries for UAH 1.7 bln ($64 mln). The process was part of the demonopolization of the alcohol production market. UAH 1.05 bln ($39 mln) of the funds raised has already been paid by investors to the state budget, and another UAH 37 mln...

Monday, November 22

Confectionary producer, Roshen, received permission to build a concert hall

Confectionary producer, Roshen, received permission to build a concert hall on the site of the Korolev palace (Culture Palace). In September 2020, Roshen which is owned by the former Ukrainian President, Petro Poroshenko, purchased the Palace of Culture. In May 2021, Roshen h...

Friday, November 19

The Kovel Educational Colony will be auctioned on December 7 with a starting price of UAH 41 mln. The State Property Fund (SPFU) will privatize the Kovel educational colony, which is located in the Volyn region. The asset includes 26 real estate assets, buildings with a total of 19,476 square mete...

Wednesday, November 17

Mortgage rates in Ukraine fell this year by 1.5%. In September 2021, banks issued 943 mortgage loans worth UAH 812 mln ($31 mln). In total, in the first nine months of the year, banks issued more than 7500 mortgage loans totaling almost UAH 6.1 bln (...

Vuzliv distillery will be privatized with a starting price of UAH 21 mln ($0.8 mln). The State Property Fund (SPFU) has announced an auction for the privatization of the Vuzlivsky complex which includes manufacturing facilities and alcohol storage, located in the Lviv region. The auct...

Monday, November 15

The worsening COVID-19 pandemic may hit Ukraine’s real estate market. “Demand may decline by about 20% on the primary housing market in the largest cities of Ukraine”, said President of Real Estate Association, Yuriy Pita. “From the second half of September to Oct...

One of the largest shopping malls in Europe has opened in Kyiv. On November 12, the Respublika Park shopping mall opened with a total area of 300,000 square meters in Teremky. With a net usable space of 135,000 square meters, the mall is considered to be one of th...

All domestic building materials will move to European standards – announced the Ministry of Regional Development. From January 2023, all building materials manufactured in Ukraine will have to comply with European standards. It is noted that the requirements of th...

The Electronmash plant was sold at auction for UAH 970 mln, according to Prozorro.sales. The winner of the Auction paid UAH 970 mln ($37 mln) with a starting price of UAH 66.7 mln ($2.5 mln). According to the results of the third round, the participant who offered UAH 970 mln for the prop...

Friday, November 12

Dragon Capital plans to complete the construction of a dry warehouse complex. The first stage of M10 Lviv Industrial Park in Lviv will be completed in the third quarter of 2022, reported the company’s press office The total area of the warehouse complex on a 2.7-hectare s...

Tuesday, November 9

The new phase of Ocean Mall is being prepared for commissioning in early 2022. The opening scheduled to be in the second quarter of 2022, announced the developer, the Director of the Mandarin Plaza group, Oleksandr Chernytsky, (Interfax). The new phase of Ocean Mall has the them...

Wednesday, November 3

Trostyanets distillery privatized for ₴44 mln ($1.67 mln) , announced the State Property Fund (SPFU). The auction had a starting price of ₴44,012,959. The asset included 49 hectares of land with 67 buildings, including industrial stock for production and war...

Tuesday, November 2

Demand for the purchase of new apartments in Kyiv has grown by 15 %, with a focus on the buy for rent market reported Interfax. The average yield is 10%, and the period of return for the purchase of residential property is 8-12 years, depending on the quality of the pr...

Monday, November 1

The State Property Fund (SPFU) again canceled the auction for the privatization of JSC United Mining and Chemical Company (OGHC), which was to take place on October 29. The cancellation was due to the fact that it only received two bids. One of them did not meet the requirements of current legislation, and it is impossible to ho...

Friday, October 29

Borshchiv distillery to be privatized and sold for a starting price of ₴21 mln ($795,000) . The State Property Fund (SPFU) will put the Lipnytsia distillery in the Zhytomyr region up for an online auction to take place on November 19, 2021. The asset is being sold along with real estate in...

Thursday, October 28

The Bolshevik plant was sold at auction for ₴1.4 bln ($53 mln). The State Property Fund (SPFU) sold the Kyiv plant “Bolshevik” to the company “General Commerce” at an auction of “large-scale privatization” for ₴1.429 bln. The st...

Other enterprises to be auctioned in the large-scale privatization in the remainder of 2021 include: the United Mining and Chemical Company (OGHC), the President Hotel in Kyiv, Electronmash, and the port of Ust-Dunaisk. The Head of the SPF, Dmitry Sennichenko, announced that on November 12 Electronma...

Tuesday, October 26

Trostyanets distillery to be privatized. The state-owned enterprise in the Vinnytsia region has been put up for privatization with a starting price of ₴ 44 million UAH 44 mln ($1.67 mln). The distillery lists its assets as 67 plots of land a...

Thursday, October 21

The State Property Fund has sold the Vinnytsia distillery for 17 mln ($646,000) . According to the results of an online auction for the privatization in the ProZorro system, the successful bid was Invar LLC, reported Interfax.

Wednesday, October 20

Privatization of the Kyiv “Electronmash” plant was announced by the State Property Fund. “Electronmash”, is up for an auction with a starting price is UAH 66.7 million ($2.54 mln). The auction is scheduled for November 12. Along with t...

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