Postal operators – Nova Poshta, Ukrposhta and Meest Express – account for almost half of the 364,000 square meters of warehouse and logistics space to be commissioned this year

Postal operators – Nova Poshta, Ukrposhta and Meest Express – account for almost half of the 364,000 square meters of warehouse and logistics space to be commissioned this year, according to a study by Alterra Group.  In terms of geography, 55% of the new space – or 200,000 square meters — is to open in Lviv. This includes four projects of about 40,000 square meters: expansion of the Protec warehouse in Zymova Voda; Lvivsilmash; Galileo Logistic and Port Lviv Logistic Center. New supply in Kyiv will be 71,400 square meters, largely projects delayed from 2020, reported Alterra, a commercial real estate development and consulting company.

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Ukraine’s economic activity in the fourth quarter of last year was only down 1% yoy, far better than the forecast drop of 3%