Real Estate

Tuesday, October 19

Kyiv-Mohyla Academy (NaUKMA) plans to create a technopark with an investment of UAH 50 mln ($1.88 mln) . NaUKMA together with the Bureau of Investment Programs (BIP) plans to create a technopark with the participation of an investor. After the completion of construction, the area will be able to accomm...

Friday, October 15

Good Wine to build EUR 100-mln food town project in Kyiv. Good Wine (Wine Bureau LLC) purchased a land plot in Kyiv to build an urban area with parks and a retail outlet with specialized shops, cafes, and restaurants under one roof,” said the owner of ...

Nova Poshta invests UAH 1 bln ($38 mln) in the construction of a sorting terminal near Boryspil airport. Speaking with Interfax-Ukraine, Oleksandr Bulba, the company’s CEO, said that “The new terminal will include the most advanced technologies of world postal logistics and will be able to sort up ...

Thursday, October 14

Construction of an industrial park has commenced in Lviv. Sparrow Capital Investment has laid the foundation of the park. “The project, which aims to build 100,000 square meters will be a boost to the local economy, employment in the region, the investors in...

Wednesday, October 13

Kadorr wants to buy the First Kyiv Machine-Building Plant. The Odessa-based group has expressed interest in the acquisition of the 100% stake in First Kyiv Machine-Building Plant JSC (formerly Bilshovyk plant), reported theodessajournal. The plant is being pr...

Tuesday, October 12

“The price of construction has increased by 20%” – said the President of the residential developer “Kyivmiskbud”, Igor Kushnir. If we are to compare the square meter price from August 2020 to August 2021, the average price has in K...

The rental rates of all classifications of business centers in Kyiv have decreased by 7-8%, reported Interfax. A class office space can be leased for $23-28 sqm per month, and B class space for $13-23 sqm. Since the beginning of 2021, the rental rate for prime properties has remained stable ...

Kovalevsky distillery was privatized for UAH 23.2 mln ($880,000). Three participants registered to participate in the auction. The price of the distillery during the auction increased two-fold against the starting price. “The new owner will receive 33 properties wit...

Thursday, October 7

Ukrzaliznytsia sells non-core assets. UZ will sell real estate on October 19 and November 4 on Prozorro.Sales platform. The company plans to sell 9 lots of real estate and another 7 assets which were not sold in the last auction. These as...

Wednesday, October 6

FM Logistic Ukraine will invest $ 25-30 mln in the construction of 20,000 square meters, the fifth phase of their logistics complex in the Kyiv region. “The construction of these buildings, plus their equipment, will require $ 25-30 mln in inve...

Tuesday, October 5

The State Property Fund held more than 1,500 auctions since the beginning of 2021. The State Property Fund of Ukraine (SPFU) earned more than UAH 2.2 billion ($83 mln) from the auctions “Privatization is, first of all, the transformation of unprodu...

Thursday, September 30

Logistics complex valued at $170 mln to be built in the Kyiv region. The US investor, Amstar, plans to build a logistics complex for $170 million in the village of Hurivschyna of the Kyiv region. According to the Kyiv Regional State Administration which is supporting t...

Friday, September 24

The growth of the Construction industry in Ukraine slowed down. According to the State Statistics Service, the volume of construction output in January–July was valued at ₴76.8 bln ($2.88 bln), compared with the same period of the previous year. Illustrating a slo...

The State Property Fund is selling a distillery in the Poltava region. For the fourth time, the State Property Fund has put the Vishnyakovsky distillery up for auction. The asset includes the separate property of the Vishnyakovo place of operation and the storage of alco...

Tuesday, September 21

The ports of Ust-Dunaisk, Belgorod-Dniester, and Skadovsk will be privatized. Local and cross-border investors will be able to participate in online auctions for the privatization of the three ports in the sea harbors of the Odessa region. The privatization was announced by the...

The Deputy Chairman of the Fund, Yuliya Byelova, announced that the new Automatic Real Estate Valuation Service has already issued 380 thousand certificates. The Automatic Real Estate Valuation Service is an innovative product that allows users to quickly and free of charge receive certificates with the appraised value of their real estate. The Valuation S...

Wednesday, September 8

Housing prices continue to grow. The cost of housing in the primary market is expected to grow by 5-10% and in the secondary market by up to 7% by the end of 2021, the President of the Realtors Association Yuriy Pita says. The cost o...

Tuesday, August 31

Privatization of the large-scale titanium plant falls through and serves as a lesson. According to the Kyiv Post, on August 31 the State Property Fund was due to sell United Mining and Chemical Company (UMCC) — the largest titanium ore producer in Europe and the country’s most attracti...

Monday, August 30

LUN housing search service wants to attract foreign investment. It has launched a campaign to attract international investment in residential real estate in Ukraine. According to LUN, the volume of the market for new buildings in Ukraine is about $4 billion per ye...

Thursday, August 19

New foreign investment in construction in Ukraine should add up to $2 billion by 2025, Valeriy Kodetsky, president of City One Development, tells Interfax-Ukraine. “Powerful foreign investors” are interested in building new factories and production facilities, participating in large infrastructure projects, and building commercial and res...

Construction salaries will rise by up 40% over the next two years, as builders more to lure home some of the 1 million Ukrainians working in Central Europe in construction, Kodetsky said. By increasing construction salaries by one third, builders can bring home up to...

Thursday, August 5

With six major state companies scheduled for privatization auctions during the second half of this year, 75% of revenue is to come from “the sale of ‘blue chips,’ the worn-out but potentially competitive industrial giants inherited from Soviet Ukraine,” Dmytro Sennychenko, head of the State Property Fund...

The former Kyiv headquarters of Russia’s VTB Bank goes up for auction next Tuesday with a starting price of $10.4 million , reports the Deposit Guarantee Fund. Located at a prestige address – the corner of Taras Shevchenko and Pushkinska – the 8-story building has 6,000 square meters and an underground garage. Sinc...

Monday, August 2

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...

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.

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 ...

Friday, July 30

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...

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...

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 ...

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...

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...

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...

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...

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...

Thursday, July 22

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...

Tuesday, July 13

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...

Friday, July 9

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...

Tuesday, June 22

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...

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...

Thursday, June 17

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 ...

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.

“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...

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.

Monday, June 14

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.

Thursday, June 10

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.

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...

Wednesday, June 9

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...

Tuesday, June 1

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,...

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.

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.