The co-founder of one of Ukraine’s largest supermarket chains is investing over $21M in a cottage town near Kyiv and will open shopping centers in small towns.

BGV Development, a real estate development company from co-owner of the ATB supermarket chain, Gennady Butkevych, is investing in a premium cottage town near Kyiv, Equides Villas, that will be built next to the Equides Club (a 160,000 square meter park and hotel complex). A total of 51 villas is planned to be built at $4,000-5,000 per square meter. Buyers can purchase villas for themselves or put them under management and rent them out, which will be handled by the Equides Club team. The villas cover a total area of 5,312 square meters, and Butkevych’s personal investment alone could amount to $21-26M.

In addition, BGV plans to develop a network of district and suburban small shopping complexes. The first project is a 3,800 square meter shopping center in Zhytomyr, which BGV wants to launch in the first quarter of 2025. The strategic goal is to bring a new format of a well-known brand to small towns and regional centers.