Real Estate

Monday, November 29

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. 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). 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 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...

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...