The state-owned, ‘Bolshevik’ machine building plant will go up for auction in October with a starting price of $52 million , Dmitry Sennychenko, head of the State Property Fund, writes on Facebook. Given its location on Kyiv’s Peremohy Avenue and next to Shuliavska Metro station, the 35-hectare site is could attract as mu... #BolshevikforSale #BolshevikKyiv #Bolshevikprivatization
Conditions include paying $19 million in debts and back wages and investing $2 million in “preservation of basic activities.” ” Founded 140 years ago, the most modern machinery dates from 1983. With 315 employees, the state company only generated $3 million in revenue last year. KPMG Ukraine is the privatization advisor. #Bolshevikforauction #BolshevikforSale
As part of a drive to privatize all state bakeries, the Radyvyliv Bakery in Rivne region will be auctioned off Aug. 30, the State Property Fund reports on Facebook. The starting price is $5.3 million for a complex that includes 414 hectares and 65,000 ... #AuctionUkraine #BakeriesforAuction #PrivatizationUkraine
The Lease of new office space in Kyiv in the first half of this year was 60,000 square meters, 66% higher than in the first half of 2020 , reported Colliers International Ukraine. Of this new takeup, 64% went to IT companies, Oleksandr Nosachenko, the Managing Director of Colliers (Interfax-Ukraine). So far this year, five business cen... #Officerentukraine #RealEstateUkraine
The average prices for a new apartment in Kyiv rose 16.2% during the first half of this year, compared to January-June 2020, Halyna Martynenko, spokeswoman for City Communications, tells Interfax-Ukraine. The market fell 2014-2017, rose by 10% in 2018 and by 22% in 2019, then stayed flat in 2020, she said. According to City One Development, t... #HousepricesUkraine #newapartmentsprices #NewConstructionPrices #RealestateUkraine2021
Houses in suburbs within 20 km of Kyiv City have increased in price by 10-15% this year, says Yuriy Pitu, the President of the Realtors Association of Ukraine. Over the two-year construction cycle, prices can increase by 40-50%, he tells UNIAN. He adds: “The popularity of private estates ... #HousemarketUkraine #HousessalesUkraine #HousingMarketUkraine #RealEstateUkraine #SuburbsHousingUkraine
Construction costs are increasing twice as fast as inflation, up by 19.5% in June, compared to June 2020, reports the State Statistics Service. Since the start of the year, prices for construction and installation are up by 15%. The biggest increase is for engineering – up 25.5%. La... #ConstructionCostsukraine #ConstructionUkraine #ResidentialConstruction
Demand for apartments across Ukraine has returned to pre-pandemic levels, reports Viktoria Volkovska, Director General of the Finance and Investment Association, a group of 41 construction finance funds. A poll by the group found that 77% want to buy a new apartment to impr... #DemandforApartmentsUkraine #HousingDemandUkraine #RealEstateUkraine
The governments heavily promoted “Mortgage at 7%” program is not having an impact on housing sales, Volkovska said of the Association’s online survey of 41 construction finance managers. Of the group, 54% said they have not noticed any impact. Looking ahead, 38% said they hoped it will spark more sa... #HousingsalesUkraine #MortgageProgram #RealEstateUkraine
The government will issue $750 million worth of housing bonds after completion of an ongoing merger of the State Mortgage Institution and the Ukrainian Financial Housing Company, reports the Cabinet of Ministers. Priority recipients will be veterans, young famil... #HousingBonds #UkraineRealestate
To speed up demolition of the 1950s-era Khrushchovky, the five-story concrete panel apartment buildings, the government plans to lower the barrier of consent of residents to demolition to 75%, from 100% today. A renovation program adopted 15 years ago ha... #DemolitionofBuildingsUkraine #RealEstateUkraine #RebuildingUkraine
Of the 50 existing industrial parks, only 10 are working, said Chernyshov. This year, the government is investing $3 million to build infrastructure in four industrial parks. To jump start the rest, the Rada recently passed on first reading a bill that would... #IndustrialParksUkraine #RebuildingUkraine #TaxbrakeforIndustrialParks
Ukrzaliznytsia is auctioning 22 ‘non-core’ real estate properties in six cities this week , Ivan Yuryk, the Acting CEO of the state railroad, said yesterday. Through the Prozorro.Sales electronic platform, UZ is selling properties in Kyiv, Dnipro, Kryvyi Rih, Sinelnikovo, Smela and Chop. J... #UkrzaliznytsiaRealEstate #UkrzaliznytsiaSellsRealEstate #UZpropertiesforsale
Prices of new apartments in Ukraine could increase by 25% this year, as predicted by the National Association of Realtors. During the first half of this year, hryvnia prices increased by 15-18%. In the resale market, apartments may increase by 12% this year. Yuriy Pita... #Pricesforsquaremeetergoup #RealEstatePrices2021 #RealEstateUkraine
Ukrainian housing prices increased by 10% during the first half of this year, reports 1+1 TV’s Tyzhden. In Dnipro prices rose 21% and in Khmelnytsky by 22%. Analysts cite several factors for the buying pressure: low supply, low interest rates, the hryvnia’s 5% appreciation agai... #RealEstateUkraine #UkraineRealEstatePrices
Next week, Ukreximbank puts up for electronic auction an 1895 building at Mala Zhytomyrska 3 – 150 meters from Kyiv’s Maidan. The starting price is $10 million for the 3,347 square meter building. The auction will be held next Tuesday on SETAM, the Justice Ministry’s electronic auction, reports the Ministry’s press office. T... #UkrEximbanksellsAssets #Ukreximbankukraine
Privatization receipts will increase fourfold this, reaching $450 million, said Kyrylo Tymoshenko, the Deputy Chief of Presidential staff, predicted yesterday at a government forum “Ukraine 30. Economy Without Oligarchs.” Starting prices for three big government corporation ... #StatePropertiesForSale #ZelenskiyBigPrivatization
The Defense Ministry is transferring three hotels to the State Property Fund for privatization , Tymoshenko said yesterday. They are: the Kozatsky on Kyiv’s Maidan, the Vlasta in Lviv and the Bratislava in Kryvy Rih. #BigPrivatizationUkraine #HotelsForPrivatization #HotelsgotoStatePropertyFund
“There are hundreds of such non-core facilities in various government agencies, ministries,” Tymoshenko said . He cited a ski area in Lviv region and a health complex in Vorzel, Kyiv region, which are owned by the State Fiscal Service. He vowed: “Such non-core facilities will be transferred to State Property... #BigPrivatization #UkraineSellsAssets
The Bolshevik site, located on Peremoha Avenue with adjacent parks and the Shuliavska Red line metro station, could attract an estimated $500 million in residential and office construction, according to Serhiy Tsivkach, the Executive Director of UkraineInvest. #SerhiyTsivkach #UkraineInvest
SoftServe, the IT company based in Lviv and Austin, Texas, will build a high tech ‘campus’ on an extensive 13-hectare site of a former prison in a southern part of Lviv city . SoftServe, a global outsourcing giant with 9,000 employees, outbid six other companies last week, paying $14 million – almost triple the starting auction price. #LvivPrisonintoITcenter #SoftServeBuysLvivPrison #SoftServeUkraine
Commissioning of housing increased by 20.5% during the first quarter, compared to January-March 2020, the State Statistics Service reports. Of the 2.3 million square meters, 70% was in urban areas. Kyiv city accounted for 6%, or 145,000 square meters. #RealEstateUkraine #UkrainenewHousing
16 business centers will open in Kyiv, with a total area of 376,000 square meters by the end of next year , Radomyr Tsurkan, managing partner of CBRE Ukraine, predicted last week in an interview with Interfax-Ukraine. “The collapse of the offices that scared everyone at the start of the pandemic did not t... #Newofficebuildingstoopen #NewOfficespaceConstruction #OfficespaceinUkraine
Radisson opened its fourth hotel in Ukraine yesterday – Radisson Hotel Odesa City Centre on Derybasivska Street. Radisson has rebranded the existing Milano, rebuilding it ‘in a soft Scandinavian style.” The hotel offers 90 rooms, a conference space for 8... #RadissonHotelOdesa #RadissonHotelUkraine
UDP developers are moving ahead with three ‘IT cities’ – in Lviv, Kharkiv and Kyiv, said the company vice president, Vitaliy Melnyk. In September, the company will open its 18,000 square meter ‘business campus’ at LvivTech.City. With a total planned buildout of 110,000 square meters,... #UDP #UDPbuildsUnitCities #UDPdeveloperUkraine #UkraineUDPconstructioncompany
UNIT.City Kharkiv is to be twice as big, with 250,000 square meters of space, Melnyk told the press office of UFuture, the parent company. On this 9-hectare site, 3,000 square meters of school and office premises have opened. #TechnologyCenterKharkiv #UnitCityKharkiv
At Kyiv’s UNIT.City, 100,000 square meters of office and residential space are under construction or completed . In coming weeks, Japanese-Dutch architect Hiroki Matsuura plans to open his Main Plaza, a 5,500 square meter central square for UNIT.City. #KyivUnitCity #UnitCityOfficeSpace
Apartment prices in Kyiv could nearly double – to $2,000 per square meter — by the end of 2023, predicts Serhiy Pylypenko, general director of Kovalska construction and construction materials company. Driving prices up 15-20% this year will be the rising cost of building materials, he told the C... #ApartmentUkraine #HousingMarketUkraine #KovalskaGroup #RealEstateUkraine
Budhouse Group, one of Ukraine’s largest developers, plans to invest €314 million in three projects over the next three years, Anatoliy Shkribliak, company founder and shareholder, tells Interfax-Ukraine. In Odesa, the group is spending €12 million to complete work on Yessa shopping and entertainment center, aiming for openin... #BudHouseGroupUkraine #BuildingUkraineToday #ConstructionprojectinUkraine
Dragon increased its Kyiv warehouse holdings by 50% last week by buying a 100,208 square meter office and logistics complex in Bilogorogoda, six km from the Kyiv ring road, between the Odesa and Zhytomyr highways. With the purchase of Amtel Logistics Complex, Dr... #LogisticsKyiv #RealEstateInvesting #WarehousesKyiv
The privatization drive is “irreversible, ” Kyrylo Tymoshenko, Deputy Presidential Chief of Staff, wrote on Facebook after President Zelenskiy chaired an inter-agency Zoom call Monday on the campaign. Over the next six weeks, there are to be ... #BigPrivatization #PrivatizatoninUkraine #StatePropertiesForSale #UkraineSellsProperties
Ukrposhta’s iconic Stalin-era headquarters on Kyiv’s Independence Square could find a second life as a casino, Smelyansky told the Kyiv Post. He said: “We are converting old infrastructure to a new, modern use. You cannot constantly live in the past. #HeadQatersUkrposhtaforSale #Ukrposhta #Ukrposhtaheadqaters
Construction companies reported positive expectations for the first time since September 2019 on the back of a seasonal rebound in activity and rising investment demand for housing construction. The sector’s index finally moved above its equilibrium level in April, to 51.5, up from 40.6 in Mar... #ConstructioninUkraine2021 #ConstructionUkraine
Estonian shareholders of Arricano Real Estate Plc registered in Cyprus, the management company and developer of a number of shopping and entertainment in Ukraine, have demanded $750 million in compensation for what they say is the illegal seizure of Sky Mall in Kyiv. “According to the press service of Arricano, after filing the notification, the parties have six months to settle the dispute before arbitration. If the parties fail to agree within the specified peri... #ArricanoRealEstate #RealEstateUkraine #SkyMallKyiv
President Zelenskiy yesterday signed a law allowing resumption of sales of large state companies, a privatization process that was suspended one year ago due to the coronavirus pandemic. All sales are to go through electronic auctions. Zelenskiy said: ““Despite the coronavirus crisis, our goal of ... #BigPrivatization #StatePropertyforSale
Ukroboronprom, the defense industry conglomerate, has reorganized its structure to eliminate Mustafa Nayem, the reformer who worked for two years as Deputy General Director for Asset Management. “Today is my last day at Ukroboronprom,” Nayem wrote yesterday on Facebook. Of his work, he wrote: “Our tea... #ukroboronprom
On Thursday, Odesa’s 12-story Victoria Hotel will be put up for auction by the Deposit Guarantee Fund. Located a 10-minute walk from Arcadia beach, this Black Sea hotel has 229 rooms. The starting price is $7 million. The hotel is one of 862 assets that the Fund will be s... #BigPrivatization #privatization #VictoriaHotel
Ukraine’s goal of quadrupling revenues from the sale of state companies this year “is entirely realistic,” wrote Dmytro Sennychenko, the Head of the State Property Fund, in an Atlantic Council blog: “Ukraine moves closer to large-scale privatization breakthrough.” The $430 million goal will be met through the sa... #BigPrivatization #PrivatizationUkraine #StateCompaniesPrivatization
The 17 state defense enterprises transferred to the State Property Fund 10 days ago are “the remnants of property that has been torn apart, plundered, ” said Yuriy Husev, Director General of Ukroboronprom, the defense production conglomerate, in an online forum last week. With names like the Ivano-Frankivsk Boiler and Welding Plant, the Transcarpath... #StatePropertyFund #ukroboronprom
Bolshevik, the oldest machine building plant in Kyiv, will probably be sold for the value of its 35 hectares of prime real estate, predicts Dmytro Sennychenko, head of the State Property Fund. Founded 140 years ago by a Swiss engineer, the state-owned factory has fallen on hard times, with production dwindling and bushes growing ... #Bolshevik #BolshevikforSale #KyivBolshevik
By this time next year, work should start on Ukraine’s first highway built by a private construction company as a concession, Alexander Kubrakov, head of Ukravtodor, told the Transport Infrastructure Forum. There will be two types of concession: road repair and building a road from scratch. The head of the highway agency sai...
Poland’s BGK Bank has agreed to fund 60% of the first phase of Lviv’s Innovation District IT Park, the technology park has reported. The State-owned Bank, Gospodarstwa Krajowego, will loan €81.5 million for the €136 million first phase of development. With a first phase expected to be completed by ... #BGK #LvivDevelopment #LvivPark #RealEstateInvestments
In Lviv, the continuing investment in property development includes the construction of a business and city administrative center on a prime 7-hectare lot which had previously been a military base, the Lviv City Council has announced. The triangular lot which is located 1.7 kilometerss west of Rynok Square, is to become a mixed use area. The project will include a park, a business center, a cong... #LvivProperty #LvivRealestate #propertyDevelopment
While shopping malls close in the US, they have a future in Ukraine, said Sergiy Sergiyenko, Managing Partner of CBRE Ukraine, (Kyiv Post). “Living in Kyiv and Ukraine, in general, there are no quality public spaces in winter…So, people go out and go to a mall,” he said add... #CBRE #CBREukraine
During the pandemic year, online shopping increased by 26% and shopping mall rents softened. Despite these conditions 20 new malls are expected to open across Ukraine by the end of next year. This will add a total of 1.8 million square meters of leasable area, reported the Kyiv Post. This year, Kyiv is to see the openings of Ocean Mall with 100,000 square meters and Blockbuster Phase 3, wi... #CommercialRealEstate #VaccancyrateUkraine
The e-commerce boom pushed Kyiv warehouse vacancy rates down from 30% to 2%, according to a new report by Cushman & Wakefield, the real estate consultancy. Although 85,000 square meters of new space were commissioned last year, rates have increased to $5.5 per square meter. “It is not enough to sat... #ecommerceboom #RealEstateUkraine
Retailers from neighboring Poland and Turkey aggressively court Ukrainian consumers , introducing their brands and opening stores, said Konstantin Oliynyk, UTG (Interfax-Ukraine). Brands from Poland include: LPP, Sinsay, CROPP, House, MOHITO, Reserved. Turkish retail brands include: ... #RealEstate #RealEstateUkraine #UTG #UTGrealestate #UTGukraine
Remote working will cause a 25% shrinkage of Kyiv’s ‘office footprint’ by 2024, predicted Sergiyenko of CBRE, (Kyiv Post). “In other words, if there are 2 million square meters in total supply — 400,000 to 500,000 square meters will be vacated,” he says. However, he cautions: “Offices are ... #OfficeVacancy #RealEstateVacancy #RemoteWorking
Kyiv’s office vacancy rate doubled last year, to 11%, the highest level since 2014. In turn, rents fell by 10 to 20%, reported the Kyiv Post. Faced with uncertainty in the pandemic year, CBRE Ukraine said that developers offered only 125,000 square meter... #RealEstateUkraine #RealEstateVacancy
Rents are softening during the April lockdown, with discounts up to 30% expected, said Yuri Pita, President of the Association of Realtors of Ukraine, (Interfax-Ukraine). Assuming the coronavirus pandemic ebbs in May, rents will stabilize. However, he adds: “In the face of accelera... #RealEstateUkraine #RentRatesUkraine
