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EDITORIAL

Commercial Property Special Edition Guide to Ukrainian Real Estate Market 2020 Founder and Publisher: UCMGroup LLC Project Manager: Tetiana Antoniuk Commercial Director: Yulia Adeyeva, [email protected] Sales Department: Iryna Nasilnyeva, [email protected] Editorial materials: Tetiana Antoniuk, Oksana Babenko, Serhii Horskyi, Tetiana Khomiak, Maryna Paraliush For subscription contact us: [email protected]

Forward your press releases to: [email protected] Dear Readers! Forward your journalistic materials and propositions to: [email protected] Web-site: www.commercialproperty.ua We are glad to present the new edition of the “Guide to Ukrainian Real Estate Market” of the year 2020. It features the analytical part with overviews of Legal support: the commercial sectors and residential segment of the Kyiv real estate Antika Law Firm market, and also of the commercial real estate sectors in the key regional Editorial Address: centers of Ukraine. Traditionally the edition also contains the catalog of 01030 Kyiv-30, Ukraine companies, which conduct activities in the country and can become your p/o box 265 reputable partners in diff erent business areas, and selection of projects that Cover: UNIT.City innovation park (Kyiv) have been commissioned or are developed now and can be of interest for investments and cooperation. We hope that the “Guide” will become your valuable source of information about the opportunities and perspectives of © UCMGroup LLC the Ukrainian real estate market. “Guide to Ukrainian Real Estate Market” is one of the numerous projects © Guide to Ukrainian Real Estate Market by Commercial Property, which is a В2В magazine about commercial real is published yearly by UCMGroup LLC. estate in Ukraine that has been published since 2003. Commercial Property Although the Publisher tries to make an information as accurate as possible, aims to make its contribution as media and event organizer to the country’s he accepts no responsibility for any loss, injury market development, to become an important communication and business or inconvenience sustained by any person platform for this sector and related industries players. Commercial Property’s using this magazine. Views expressed in this magazine do not necessarily reflect the opinion portfolio, besides specialized printed and online media resources, includes of the Editorial Team or Publisher. No part a number of B2B events, among them are International Architecture Forum, of this publication may be reproduced, stored Open Mind Conference on investments in real estate, National Real Estate in a retrieval system or transmitted in any form Award CP AWARDS, and others. In 2019, Commercial Property’s team by any means without written permission of the Publisher. Advertisers are solely responsible launched another project – that is the only in Ukraine integrated certifi cation for all claims based on nonavailability or course “Real Estate Development”, which is conducted in cooperation with nondelivery of merchandise appearing in this one of the leading business schools in the country – International Institute publication. of Business. We express gratitude to all the partners for support and participation in our projects, and invite for further cooperation!

Tetiana Antoniuk, Project Manager CONTENTS

АNALYTICS ...... 6-44 COMPANIES ...... 47-80 PROJECTS ...... 81-93 BUSINESS CARDS ...... 94 ANALYTICS

INFOGRAPHIC Ukraine: Economy and Real Estate ...... 6 REAL ESTATE OF KYIV Offi ce Property Market in Kyiv: Time to Grow ...... 8 Retail Property: Development of the Kyiv Market ...... 10 Kyiv Hotel Real Estate Market: Awaiting the Improvements ...... 14 Warehouse and Logistics Property: Restart of the Market Development ...... 18 Residential Real Estate of Kyiv: Factors of Growth ...... 22 REAL ESTATE OF REGIONAL MARKETS Retail Property in Kharkiv: Awaiting for Large Malls ...... 26 Shopping and Entertainment Centers in Dnipro: the Market is Coming Back to Life ...... 28 Lviv Retail Property Market: Close to Saturation? ...... 30 Lviv Hotel Sector: Unleash the Potential ...... 32 Odesa Hotels: Hopes for Stabilization and Belief in Market Growth ...... 34 INVESTMENTS Investments: Analytics and Forecasts by Colliers International ...... 36 Article by Alexandr Nosachenko, Managing Director of Colliers International (Ukraine) LEGAL City Construction Changes in 2019 ...... 40 Article by Alexander oy, Partner, and Vasyl Sheretko, Senior Associate, Antika Law Firm EVENTS Course “Real Estate Development” ...... 44 6 INFOGRAPHIC AND REAL ESTATE IN2019 UKRAINE: ECONOMY Sources: doingbusiness.org, globalinnovationindex.org, globalinnovationindex.org, weforum.org UKRAINE INWORLDRANKINGS Sources: StateStatisticsCommittee,NationalBankofUkraine UAH1,096.7 billion Position Ranking Position Ranking Position Ranking Position Ranking Position Ranking UAH177 billion $2.5 billion 110.5% 109.8% 107.9% 120% 3.3%

lblCmeiieesIdx21 GlobalCompetitiveness Index 2019 Global Competitiveness Index 2018 orpinPretosIdx21 CorruptionPerceptions Index 2019 Corruption Perceptions Index 2018 eau rseiyIdx21 LegatumProsperity Index 2019 Legatum Prosperity Index 2018 lblInvto ne 08GlobalInnovation Index 2019 Global Innovation Index 2018 Retail turnover index Retail trade turnover Real wage index Consumer priceindex (infl Index ofexecuted constructionworks Volume ofexecuted constructionworks Volume offoreign direct investments Real GDPgrowth rate on uies21 DoingBusiness2020 Doing Business2019 2 126 96 120 111 347 85 64 43 83 71 ation index)

8 OFFICE PROPERTY MARKET IN KYIV: TIME TO GROW The main trend of the last two years on the Kyiv real estate market is the activation of offi ce development. The increase in demand for such premises, a signifi cant decline in vacancy rates, and the rent rates growth give developers confi dence in the commercial success of business centers.

OFFICE STOCK INCREASES The list could go on and on. For example, the offi ce According to the Cushman & Wakefi eld in Ukraine part of the UNIT.City innovation park is being actively built. consulting company, following the results of 2019, the Kyiv In the coming years, two campuses with a total area of

KYIV PROPERTY MARKET offi ce property sector grew by approximately 104,600 sqm. 20,000 sqm are scheduled for commissioning, and in 2020 This fi gure is twice as big as the new market supply in the construction of another 70,000 sqm of new offi ce 2017 and 2018. But, of course, it is not such a big fi gure spaces will start. considering the whole volume of the Kyiv offi ce property The City Capital Group investment and development market, which now exceeds 2 million sqm. company is also widening its offi ce portfolio by developing The Colliers International (Ukraine) consulting company some new projects. In the mid-2020, it intends to open the estimates that the total stock of offi ce buildings under Platforma business center (20,500 sqm GBA). Its portfolio construction in Kyiv amounts to 250,000 sqm (this fi gure of future projects also includes Platforma Innovation Park includes all offi ce buildings of 5,000+ sqm GLA that are under with offi ces and coworking spaces, etc. construction or have been commissioned, but not ready for In addition, as Andrii Todorov, Lease and Advertising lease). The promising supply for 2020 includes business Manager at the Illinskyi business center, noted, a new centers Avenue53 (18,500 sqm GLA), HILLFORT Business project of reconstruction of the existing 3,000 sqm building Mansion (8,550 sqm GLA), RETROVILLE (11,140 sqm). into offi ces was developed in Kyiv. PHOTO: ALIK USIK, SERHII NIKIFOROV PHOTO: In the photo: Europassage business park, Kyiv 9

OCCUPANCY AND RENTAL RATES: The rental rates in office premises demonstrated KYIV PROPERTY MARKET POSITIVE DYNAMICS a moderate growth in 2019, compared to 2018. The gradual decrease in the vacancy rates and the rent According to Colliers International (Ukraine), average growth, that were observed on the Kyiv offi ce property rates amounted to US$22-30/sqm/month in class А, market during the last years, led to the resumption of US$14-21/sqm/month in class В, and US$9-13/sqm/ works on frozen or pending projects and the launch of new month in class С projects (VAT and operating costs ones. But the new stock is not so big to satisfy the existing excluding). In some facilities, the rates reach as high demand. During two years the Kyiv market has experienced as US$33-40/sqm/month. In short-run, rental prices the lack of offi ce premises that would meet the needs of will continue to grow.

The volume of the Kyiv office property market reached 2 million sqm in 2019

potential tenants, including big lots of 1,000 sqm. Thus, FORECASTS as Colliers International (Ukraine) noted, a share of free Experts have diff erent views regarding the promising spaces on the offi ce property market amounted to 6.2% supply on the Kyiv offi ce property market for the coming in 2019 (for comparison, at the end of 2016 this marker years. For example, according to Colliers International exceeded 15.5%, i.e. the vacancy rates dropped 2.5 times (Ukraine), about 250,000 sqm of offi ce spaces are for three years). Сonsultants predict that the vacancy rates scheduled for commissioning in 2020-2021. However, will continue to decline. as the opening of new projects is postponed quite According to Colliers International (Ukraine), in 2019 often, the real fi gure may be lower. “Approximately 90- the take-up of offi ce spaces reached 131,000 sqm, which 110 thousand sqm are highly likely to be commissioned,” exceeds the results of 2018. The limited available supply says Maksym Tkalenko, Offi ce Property Expert at led to a renewal of pre-lease agreements, it refers, fi rst and Colliers International (Ukraine). foremost, to high-quality premises that are conveniently A large volume of new supply may change the market located. “This trend is one of the indicators of higher conditions and balance of powers on the Kyiv market – demand and the formation of a landlord market,” noted believes Olena Vorobiova, Director at the Green Colliers International (Ukraine). According to Cushman Site Management development company. Thus, she & Wakefi eld in Ukraine, about 40% of offi ce premises, that estimates that 110,000 sqm of class A offi ce property may may be commissioned by the end of 2020 (and according be commissioned by 2021. In this context, the existing to the preliminary estimates of the company, the current A-class projects will be attributed to class A- or B and year’s supply reaches 252,000 sqm GLA), have already so on. “The business centers of class B should collect been leased or sold to end consumers. funds for renovation and rebranding, or in 2021 they will For instance, as City Capital Group informed, as of become vacant,” says Olena Vorobiova. Other experts the end of 2019 all the spaces of its Platforma business share this opinion. For example, Kostiantyn Oliinyk, center that was under construction were leased. “Big Head of Strategic Consulting Department at the UTG international IT companies will be the tenants of the consulting company, says that 53% of the Kyiv business business center,” noted the developer. centers had been built before 2010, so they are outdated This is the IT sector that is the main consumer of and worn out now and do not meet the requirements of offi ces – it generates 45-48% of demand. Then energy international operators, IT companies for these facilities. companies and industrial enterprises, as well as business “When new offi ce centers are built, we will see the services companies are coming second. Among services situation similar for the retail property market: good companies, coworking operators take their lead in take-up projects will succeed, their rental rates will grow and of offi ce premises. It is important to note that a large share vacancy rates will go down as tenants will relocate from of demand is related to business expansion. There are also lower-quality buildings, which in their turn will suff er from tenants seeking to improve the quality of their offi ces or a growing vacancy. These premises will be leased at rock- to reduce operating costs by leasing other facilities. New bottom prices to avoid loss of their use and to keep their businesses show the lowest level of take-up. maintenance,” predicts Kostiantyn Oliinyk. 10 RETAIL PROPERTY: DEVELOPMENT OF THE KYIV MARKET

The Kyiv retail property market is developing in two aspects: qualitative and quantitative. On one side, the enormous volume of modern supply is expected, and, on the other side, due to the increasing competition and the change of consumer preferences the existing projects are being modernized and reconcepted.

QUANTITATIVE DEVELOPMENT: What new projects will be completed on the Kyiv

KYIV PROPERTY MARKET MARKET IS WIDENING retail property market? The opening of RETROVILLE SEC On the 20th of November 2019, the partial opening of the (91,860 sqm GLA) was postponed to 2020. In the coming shopping and entertainment center (SEC) Blockbuster Mall 2-3 years, a future supply includes Lukianivka Mall SEC took place. Supermarket Silpo with the total area of (47,000 sqm GLA), second phases of Retail Park Petrivka 9,500 sqm, one of the anchor tenants of the mall, was the (7,100 sqm) and Rive Gauche SEC (56,700 sqm), fi rst to start operation. Stores of the shopping gallery are Respublika SEC (132,500 sqm), Ocean Mall SEC opening as soon as they are ready. The SEC, developed by (100,000 sqm), April City SEC (49,570 sqm), Mandarin Plaza that belongs to Vagif Aliev, must house Lesnaya Mall SEC (220,000 sqm) and Hippodrome about 500 stores, 40 eateries and a covered entertainment Mall SEC (250,000 sqm), etc. park. Currently, Blockbuster Mall with 300,000 sqm GBA and 200,000 sqm GLA (according to NAI Ukraine) is the DYNAMICS OF RENTAL RATES biggest SEC in the country. AND VACANCY Blockbuster Mall is not the only project that was The opening of such a big project like Blockbuster Mall has commissioned in Kyiv in 2019. Thus, the new supply of last adjusted the general vacancy on the retail property market year includes Oasis SC (about 13,200 sqm GLA) and Smart in Kyiv in 2019: the level of vacant space has grown up to Plaza Obolon SC (about 10,000 sqm GLA), River Mall SEC 10-11%. That is 2.5-fold higher in comparison with the end (about 55,000 sqm GLA). Besides, a small shopping center of 2018 when this index was about 4%. with a total area of 2,000 sqm located in Georgiy Kirpa Str. Of course, in each single shopping center in Kyiv was opened. the level of a vacant area may diff er: in obsolete and outdated projects vacancy rates are higher, and they tend towards zero in new facilities and in the centers that are professionally managed and updated. For example, In 2019, the retail property market as GLOBUS SC (about 21,000 sqm GLA) announced, its of Kyiv reached 1,502,000 sqm average vacancy did not exceed 2% during the last few years. The share of available premises has been almost non-existent in Gulliver SEC (45,200 sqm GLA) for about two years. Currently, in the best Kyiv shopping centers tenants According to the data provided by the have to pay about US$83/sqm/month (VAT and operating Colliers International (Ukraine) consulting company costs excluding), which is, according to Colliers and based on the developers’ announcements, over International (Ukraine), the maximum price for 100- 650,000 sqm of retail premises are expected to be 200 sqm sections (it should be noted that at the end of commissioned in Kyiv by 2021. Will it lead to an oversupply 2018 rental rates were lower – US$75/sqm/month (VAT on the market that has reached 1,502,000 sqm after the and operating costs excluding)). opening of Blockbuster Mall? The answer is likely to be According to analytical materials of the UTG consulting negative, which is mainly explained by the rescheduling of company, the average rental rate for the fashion gallery the launch of malls. “The number of new projects scheduled premises (50-200 sqm) in high-level shopping centers for commissioning may reach its peak for the last few years, amounts to US$36/sqm/month (VAT and operating but the opening of some malls, as evidenced in practice, costs excluding). For diff erent tenants price per one may be postponed. Consequently, it will take more time to square meter is US$40-300 for kiosks and small stores bring such a huge number of facilities into the market, and (1-10 sqm), US$15-30 for restaurants and cafes, US$3-7 it may not dramatically aff ect the general market situation for child entertainment centers, US$4-15 for cinemas, after all,” comments Alexandr Nosachenko, Managing US$1.5-20 for big fashion stores (600-1,200 sqm), US$4-12 Director at Colliers International (Ukraine). for electronic supermarkets, US$1.5-15 for supermarkets. PHOTO: RIVER MALL

In thephoto: River MallSEC,Kyiv KYIV PROPERTY MARKET PROPERTY KYIV 11 12 KYIV PROPERTY MARKET and anevent hall was located in theaddedsection. reconstruction allowed toenlarge thearea ofthebuilding, tenant mixofthe shoppingcenterwere renewed. The its namewas changedtoGorodok Gallery. The design and this project, andin2017,themallwas rebranded, sothat changed. In2015,alarge supermarket was openedwithin systematic innovationsthat others. included anicerink.H For example,initially, theconceptofRETROVILLE SEC are beingintroduced intheschemes underconstruction. existing projects are beingtransformed –innovations malls hassignifi cantly grown. Provided thatnotonlythe number ofreconstructions orreconceptions ofshopping However, for clients,theoperating projects willconductrenovation. on customerneedstothefullestextent,andcompeting attention ofclientswillbecaptured by themallsfocused other ones.AsColliers International(Ukraine) notes,the of consumertraffi be negative ones.Oneofthemisapossibleredistribution the fi rst mallsinUkraine tohousesuchatenant. to thefirst phaseof960sqm.Bytheway, GLOBUS isoneof opened in2018,was enlarged, addinganother1,024 sqm food court,thecoworking New Work Labs,whichhadbeen tenants oftheshoppinggalleryandrenovation ofthe 2019, for example, inadditiontotheattraction ofnew condition ofthefacility andupgraded thetenantmix.In ooo Gallery, Ka Gorodok have beenorare renovated now, such as GLOBUS, creative spaces(offi fashion-retail takes 49%,food andentertainment–24%, functions were enlarged. The new conceptprovides that reduced, buttheentertainment,educationalandcreative the conceptofLukianivkaMallSEC:itsretail area was atrium ofthemall.ArricanoRealEstatehasupgraded expand thefood court,toimplementacitysquare inthe of entertainment.Besides,itwas decidedtorelocate and idea asithaddoubtsaboutthepopularityofsuchkind of newones. the development oftheexistingretailers andtheentrance new opportunitiesappearonthemarket, for example,for Due tothegrowth ofhigh-qualityretail real estatesupply THE PRESSURE OFTIMEANDCOMPETITION QUALITATIVE DEVELOPMENT: UNDER Gorodok SC,operating since2003,hasbeensignificantly Since 2014,GLOBUS SChasbeenimplementing There are examplesoftheexistingSCs/SECsthat the Kyiv markethasalr However, ces/coworking spaces)–27%. c from someshoppingcenters to ravan, DreamTo owever, amid positivetr to becommissionedinKyivby 2021 Over 650,000sqmofretail premises are expected the developerg improved eady shownthistrend:a wn, Piramidaand ends, theremight the technical ave up the fall,” says AlexandrNosachenko. stable growth, butsomeotherprojects willshow afree two years somemallsare highlylikely todemonstrate a peculiarities, clients, andcompetitors. “So,inthecoming shopping centers work indiff diversifi ed, asColliers International(Ukraine) forecasts, as in theretail real estatesector. The market willbe the capitalanditssuburbsmay supportthebalance addition, ahugevolume ofresidential constructionin if thepurchasingpower demand andsupplyontheKyiv market willnotchange, assert, itisquiterealistic thatthebalancebetween the redistribution of consumerdemand.But,asitsexperts rates asaconsequence oftheincreasing competitionand the declineinturnover persquare meter andinrental lease new retail properties. and rented area, andotherfactors may make itdiffi of selective development, optimizationoftheirassortment opening ofnew projects. Besides,retail operators’ policy attendance ofmallsdeclinesgradually inlightofthe lack ofgrowth oreven adrop inturnover oftenantsas in Kyiv andUkraine asawhole.Amongthemthere isa some othernegative trends ontheretail real estatemarket of Strategic ConsultingDepartmentatUTG caused by thenew supply, In additiontotheincrease ofcompetitive threats thatare FORECASTS now calledKa reconception willincrease the attendance ofthisproject, were completelychanged,etc. Itisexpectedthatthe exterior andinteriorofgalleriesentertainmentzones premises occupiedby tenants were expanded,the into anoutletcenterwas fi nished. Asaresult, the the reformation ofthefood courtintofood hall,etc. of abookhub,therenovation oftheentertainmentarea, including afi tness clubandsportstores, thearrangement and thecreation ofabigsporthub22,000sqminstead, changes inthisproject are theclosingofaquapark its tenantmixisbeingupgraded. The mostsignifi cant the constructionofsecondphase. upgraded. Inthefuture, themallwillbeexpandeddueto was reconstructed andredesigned, thetenantmixwas built in2004,continued.Inparticular, itsinternalpart Colliers International (Ukraine) alsodoesnotexclude In November2019,thetr Dream Town SECisalsobeingreconcepted, and In 2019,therenovation ofPiramida SEC,whichwas ravan Outlet, atleastby30%in2020. of thepopulationimp Kostiantyn Oliinyk, Director ansformation ofKa erent conditions,have their , mentions ravan SEC ravan SEC roves. In cultto

14 KYIV HOTEL REAL ESTATE MARKET: AWAITING THE IMPROVEMENTS

2019 was diffi cult for the Kyiv hotel real estate market, as it was expected. In particular, this segment was aff ected by the presidential and parliamentary elections. The period of anxiety connected with them has already passed. The market players have positive expectations for the near future.

OCCUPANCY elections that took place in the spring and summer of The Kyiv hotel sector still maintains the position of the 2019. For a little while, these factors slowed tourist and commercial market with the longest payback period. business activity. Besides, as Elizaveta Yurusheva, Such projects are considered attractive to investors if the General Manager of Fairmont Grand Hotel Kyiv and occupancy rates are higher than 50-60%. In the capital, Riviera House, informed, there is one more trend that only 3- and 4-star hotels demonstrate such indicators. In makes a negative impact on the high segment hotels: particular, according to the Colliers International (Ukraine) more and more often, clients vote for the middle segment, consulting company, their occupancy rates were 55-65% preferring 3- and 4-star business facilities. “Clients try in 2019, and this indicator did not change compared to to fi nd inexpensive hotels with good cost/quality ratio,” 2018. “At the end of 2019, the hospitality market did Elizaveta Yurusheva explains the market trends. “But not show any spurt of development compared to 2018,” I would like to mention the rise of business activity of indicated Irantha Duwage, Chief Operating Offi cer Ukrainians that, in turn, increased the number of diff erent at DBI Hotel Management, which runs two hotels in business events. For example, in 2019, the occupancy rates Kyiv: Ramada Encore by Wyndham and Number 21. For of Fairmont Grand Hotel Kyiv, in terms of the event activity, instance, in 2019 the company maintained the occupancy were higher than the previous year. The growth in demand rates of the 4-star Ramada Encore by Wyndham at the for accommodation during major industry exhibitions, level of 2018. As Irantha Duwage explained, the reason for forums, and conferences is considered signifi cant.” this was that earlier this facility demonstrated a signifi cant increase in occupancy rates that were not easy to be beaten. ACCOMMODATION RATES Iryna Sidletska, General Director at Vertex Hotel Group, The requested price for a hotel room and its real sale price which runs the 4-star President Hotel Kyiv, stated that are considerably diff erent. The reason for this is some since the second half of 2019 business activity in Kyiv discounts and special off ers made by Kyiv hoteliers to

In 2019, occupancy rates of 3- and 4-star Kyiv hotels reached 55-65%, and of 5-star hotels – 44-46%

was growing, especially since last September. “As it was improve their occupancy rates, especially at weekends. expected, when political clarity emerged and business Besides, revenues of the market players are aff ected by activity grew, as a consequence of the formation of the currency fl uctuations. new government and new Verkhovna Rada, companies According to Colliers International (Ukraine), in 2019 restarted to carry out events and resumed business trips to the average daily rate (ADR) for high-quality hotels in Kyiv Ukraine. As a result, the annual average occupancy rates managed by professional operators amounted to about for hotels of our price segment compared to the previous 150 euros for 5-star hotels, 90 euros – for 4-star hotels year grew up by 7%,” Iryna Sidletska shared the data. and 50 euros – for 3-star hotels. These fi gures remained As Colliers International (Ukraine) noted, occupancy at the level of 2018. But in some hotels, the situation may rates of 5-star hotels dropped slightly and demonstrated be more positive, and in other facilities – negative: some 44-46% in 2019 compared to 45-50% in 2018. A great part of them registered the growth of ADR in 2019, while others of the demand for the hotels of this category comes from did not manage to meet the fi nancial plans. foreign business tourists, the number of which declined a bit. The reasons were the martial law introduced in Ukraine MARKET SIZE for one month at the end of 2018, but its negative eff ects “The presidential and parliamentary elections did not continued in 2019, and the presidential and parliamentary considerably aff ect the hospitality market, but at that

In thephoto:Riviera Houseboutique hotel,Kyiv PHOTO: RIVIERA HOUSE MARKET PROPERTY KYIV 15 16

period many investors and developers reduced their of Ukraine as a travel brand, potential growth of tourist activity and adopted a wait and see approach,” mentioned fl ows, entry of new foreign companies, which will lead Irantha Duwage. In 2019, the Kyiv hotel market grew up to an increase in the number of corporate travelers and insignifi cantly compared to 2018, when 800 rooms were growth of demand for event space in hotels, have given commissioned. Thus, last year Riviera House boutique rise to the optimism of hotel operators. hotel was reopened after the reconstruction (this project Also, the legalization of gambling in Ukraine may be was opened in 2007 under the Riviera brand, during the another market driver – a respective draft law “On State last years it was being rebranded). This project with a Regulation of Activities in the Organization and Conduct capacity of 65 rooms increased the supply of high-segment of Gambling” was registered in the Verkhovna Rada last hotels. Besides, in 2019 Metro Hostel with 32 beds, and October*. In particular, the document enables opening capsule hotels Monotel with 28 beds and Monohub with casinos in 5-star hotels in Ukraine. However, according to 32 mono capsules were opened in Kyiv. the analysis performed by Colliers International (Ukraine),

KYIV PROPERTY MARKET Based on the openings scheduled for 2020, the Kyiv not all of such hotels fall within the provisions of the hotel market growth will be more considerable. “The current draft law, only seven of 22 nationwide, fi ve of these promising supply includes ibis (3-star hotel with 150 rooms) seven hotels are located in Kyiv. So, it is highly likely that and Adagio (apart hotel with 100 rooms) projects, both the adoption of the law would inspire hoteliers to improve operated by Accor,” stated Maryna Krestinina, Head the categories of their properties so that they could comply of Real Estate Advisory Services at EY in Ukraine. “It with the requirements of the bill. “We hope that the is also expected that Sheraton Kiev Olimpiyskiy (5-star adoption of this draft law will make high-price segment hotel with 208 rooms) will be commissioned. According hotels more profi table. Casinos may increase the average to the developer of this project, Construction Investment occupancy rates of high-price segment hotels that, in turn, Company TM, the management agreement with Marriott will aff ect the profi tability of such facilities. The legalization International has been signed.” It should be noted that this of the gambling industry will increase budget revenues,” hotel was designed as back as in 2011 and was scheduled noted the experts of Colliers International (Ukraine). for opening before the European Football Championship The hospitality industry players also have optimistic 2012 that took place in Ukraine, but the project was frozen. expectations, in general, they support this legislative Besides, this year a hotel with 133 rooms is scheduled initiative. Iryna Sidletska is certain that the adoption of for opening in Kyiv; the project is being developed by the law on gambling business will drive the development Vasyl Grogol, Founder of BURSA hotel (opened in 2018) of specifi c regions and attract new inbound tourist fl ows. and Chief Operating Offi cer at Kooperativ Coworking “Thus, 2020, subject to the competent and eff ective & Community. management policy regarding tourism as an industry, can The promising supply for 2021-2022 includes the apart be crucial for the entire industry, regions and the country hotel under the Swissotel Living brand (58 rooms) operated as a whole,” she said. “The legalization of the gambling by Accor, and the 3-star Slavutych hotel (300 rooms) industry in Ukraine, fi rst of all, means a big impulse for managed by Premier. The opening of the former 4-star the hotel sector at the moment. We would attract more St. Petersburg hotel (146 rooms) is also expected. This clients to stay for weekends; the law will also ensure the facility that was closed for reconstruction about six years infl ows of foreign tourists,” Elizaveta Yurusheva assessed ago was acquired by the Intergal-Bud development the situation. “In general, I believe this initiative is quite company. The new owner intends to complete the important and relevant, the legalization of casinos will reconstruction of the hotel. positively aff ect the hotel industry.”

FORECASTS FOR 2020 In general, the forecasts of the Kyiv hospitality market players for the near future are optimistic, but on condition that the political situation remains stable, as they have repeatedly mentioned for several years already. “Speaking about the prospects for 2020, subject to the political stability and the growing trust of businessmen and investors in the President of Ukraine and country’s new development policy, we expect positive dynamics of the hotel market indicators,” Iryna Sidletska shared her forecasts. As she said, no spike in revenues is expected, but a gradual 5-6% growth in turnover of hotels is quite possible. *This draft law was elaborated and confi rmed by the And Irantha Duwage predicts that indicators of the Kyiv Verkhovna Rada of Ukraine in the fi rst re-reading hotel market will grow by 10-20% in 2020. The promotion in January 2020.

18 WAREHOUSE AND LOGISTICS PROPERTY: RESTART OF THE MARKET DEVELOPMENT

The warehouse and logistics property market of the Kyiv region remains favorable for landlords. The new supply cannot satisfy the current demand for such premises, so the vacancy of the existing projects continues to decline, and their rental rates keep rising.

DYNAMIC OF THE MARKET the investment attractiveness of this segment. According Until recently, rental rates for warehouse and logistics to the ZAMMLER group of logistics companies, in 2018- complexes in Kyiv and the Kyiv region prevented this 2019 the construction cost of such facilities increased to

KYIV PROPERTY MARKET real estate market from being assessed as attractive for US$400-450/sqm (land value excluding) in comparison investments in new construction. Even though the demand with US$350/sqm in 2016-2017. As Viktor Shevchenko, for such premises remains high, and vacancy rates of the Co-owner and CEO of ZAMMLER, notes, investments existing properties have been declining year on year, it has in new warehouse and logistics projects are reasonable not resulted in the active development of new projects. on condition that rental rates are not lower than US$5.5- As Amtel Properties notes, this segment is the last one 6/sqm/month. In this case, we may say that the line has that “catches up with” the commercial property market in the context of new construction. “But its development has already started, however, we will not see results till 2022,” comments Oleksandr Kholodkov, Head of Commercial Department at Amtel Properties (a developer and owner of the Amtel offi ce and warehouse complex in the Kyiv region). “If the country’s economic growth continues, the investment attractiveness of the warehouse sector will become more evident. We have already recognized it and begun to expand our portfolio.” Thus, in 2019, the developer started to build the 53,000 sqm (GBA) second phase of the Amtel complex, which is scheduled for completion in 2020. However, so far the warehouse and logistics property market in Kyiv and the Kyiv region has been demonstrating a relatively small growth: since 2016 it has been increasing by about 25-35 thousand sqm year on year, and in 2019 the new supply amounted to approximately 40,000 sqm. Among the new facilities, the biggest one was the 25,000 sqm (GBA) third phase of the Unilogic Park logistics complex in the Kyiv region, developed by MERX. According to the CBRE Ukraine consulting company, the market volume amounted to 1.26 million sqm by the end of 2019. As CBRE Ukraine estimates, the potential supply of warehouse and logistics real estate in the Kyiv region will reach 84,000 sqm in 2020-2021. In particular, as it was noted, this year the second phase of the Amtel offi ce and warehouse complex will be commissioned. Among other promising projects, there are the 9,000 sqm Mirazh-3 warehouse complex in the Kyiv region and the 23,000 sqm SAN Factory 2 warehouse complex in Kyiv. In addition, in the coming years, MERX intends to develop the fourth phase of Unilogic Park, however, the company gives no additional data on the project.

RENTAL RATES: THE LINE HAS BEEN CROSSED? The construction costs of warehouse and logistics projects,

rental rates and payback periods are the main indicators of MERX PHOTO: 19 KYIV PROPERTY MARKET been crossed. According to CBRE Ukraine, rental rates in Of course, some existing facilities boast 0% vacancy, Kyiv and the Kyiv region reached US$6/sqm/month (VAT, and we have witnessed such a situation for years. maintenance and utility payments excluding) by the end For instance, the fi rst phase of Amtel has been fully of 2019. occupied since 2013, and as for its second phase that is But this is not a price limit on the market. For instance, under construction, by the end of 2019 preliminary lease the average rental rates in the MLP-Chaika warehouse agreements for 18,000 sqm had been signed, and the lease complex (Kyiv region) amount to US$6.5/sqm/month (VAT, of another 32,000 sqm was under negotiation. MLP-Chaika maintenance and utility payments excluding), and this is at is 100% leased, and this indicator has been unchanged for least 10% higher than in 2018. 1.5 years. The occupancy of Unilogic Park (its total area is more than 50,000 sqm) amounts to about 95%, while its VACANCY: TENDS TOWARDS ZERO new 25,000 sqm phase, opened in 2019, is 100% leased. A low volume of new supply, high demand and the reduction in the number of vacant premises led to the NEW MARKET PLAYERS increase in rental rates for warehouse and logistics In light of the low growth of speculative supply, some properties in the Kyiv region. According to CBRE Ukraine, tenants of warehouse and logistics complexes are following the results of 2019, the vacancy rates dropped developing such projects for their needs by themselves. to 2.5%. For example, the Nova Poshta logistics company has

In the photo: the third phase of the Unilogic Park logistics complex, Kyiv region 20

built three innovative terminals in Ukraine – in Kyiv to the fact that the acquisition of a fi nished facility is (15,000 sqm), Khmelnytskyi (7,700 sqm), and Lviv still more cost-effi cient than building from scratch.” But (15,000 sqm). The fi rst of them was opened in Kyiv in the number of high-quality projects off ered for sale is 2018, the remaining terminals were commissioned in limited, and every new agreement reduces their number. Khmelnytskyi and Lviv in 2019. In the next fi ve years, Among the main transactions in 2019, the acquisition of Nova Poshta is going to build innovative terminals in Arсtiсa, the warehouse complex in the Kyiv region, by the Kharkiv, Dnipro, Odesa and increase capacities in Kyiv Dragon Capital group of companies should be mentioned. by constructing a new terminal and expanding the And before that, the group purchased other projects in operating one. In addition, the company is a big tenant the Kyiv region – East Gate Logistic, West Gate Logistic, of warehouse and logistics premises, as it rents over Omeha I and Omeha II, etc., expanding its warehouse 200,000 sqm all around Ukraine. property portfolio to 300,000 sqm. In 2018, ZAMMLER announced its intention to build a

KYIV PROPERTY MARKET 60,000 sqm logistics complex in the Kyiv region. According FORECASTS to Viktor Shevchenko, the group has been working on this In 2020, the warehouse and logistics property market project for about 1.5 years. “I can say that our strategic in the Kyiv region is not expected to experience any plans include the construction of our own warehouse considerable changes. The segment remains favorable for as a top priority, but this is a long and diffi cult process,” landlords. We will see a high demand for such premises, he says. “Of course, diff erent options were on the table, the vacancy rates will continue to fall and rental rates will but we preferred the construction as the most promising. keep growing. “We also predict the increase in warehouse However, we continue to monitor the market, and I assume property’s value in the coming days due to the rent growth that we can change our plans and buy a fi nished facility in and relatively low development activity in this segment,” case of a good pricing proposal.” forecasts CBRE Ukraine. Currently, ZAMMLER is leasing 55,000 sqm of A-class In addition, an interest in built-to-suit projects will grow, warehouses in the Kyiv region and 5,000 sqm of B-class and the increasing demand for small warehouses in the premises in the other three cities – Odesa, Lviv, and city area will be a new trend. According to CBRE Ukraine, Dnipro. Notwithstanding a possible construction of its online retailers and omnichannel stores, the number own project, so far, the company is not going to reduce of which is growing, will generate a demand for such the volume of leased facilities. “When we plan to rent facilities. To get a competitive advantage of delivery time,

The volume of the warehouse and logistics property market in Kyiv and the Kyiv region amounted to 1.26 million sqm as of the end of 2019

additional warehouse premises, fi rst of all, we take into they need premises located in the city center. “This trend consideration the projected turnover of our current clients. is highly likely to become the number one for determining So far, we do not see any desperate need for a signifi cant demand in the segment. Small facilities, high rental rates, expansion of the fl oor space. We are highly likely to expand and well-developed infrastructure make this segment our facilities in Lviv, depending on our clients’ request, and quite attractive,” says CBRE Ukraine. our presence in the southern region, but currently, it deals The country’s economic instability, the lack of with insignifi cant numbers – about 1-1.5 thousand sqm,” banking fi nancing, and other factors are restricting the said Viktor Shevchenko. development of the warehouse and logistics market in Kyiv and nationwide. “I think that almost every sector in Ukraine INVESTMENTS has the potential to grow. If there are any improvements For some time, quite a great interest in acquiring the existing in the country, the factors that stimulate the warehouse facilities for further renting and for own needs of buyers market will come into action,” says Vitalii Kaschenko, was characteristic of the warehouse and logistics property CEO at MLP (a developer and owner of MLP-Chaika). As market of Kyiv and the Kyiv region, and other regions of he notes, funds bought up all the facilities that could be Ukraine as well. “Considering the minimum vacancy level acquired at low cost, the market is frozen, awaiting new on the market and a low volume of new supply in the projects. “Companies that need warehouses for their near future, more and more companies that are in need businesses will be the fi rst to start and have already of warehouse space are thinking about the acquisition of started to invest. These are big distributors and logistics their own facilities,” says Yaroslav Gorbushko, Director companies. Then a speculative developer will come to the of Capital Markets at CBRE Ukraine. “It is also attributed market,” forecasts Vitalii Kaschenko. 21 22 RESIDENTIAL REAL ESTATE OF KYIV: FACTORS OF GROWTH

The factors that have fed the housing demand in Kyiv in recent years have almost exhausted themselves. This segment can be revived by a change in mortgage conditions: lower lending rates will make such real estate available to more people, and it will increase demand for housing and, as a result, increase developers' activity.

Last year, in just three quarters, Kyiv real estate market And, of course, the residential market will continue to replenished with 14,046 apartments – this is 934,546 sqm depend on many other well-known factors – the political and

KYIV PROPERTY MARKET of commissioned housing*. This fi gure, according to economic situation in the country, legislative regulation and the Main Statistics Department in Kyiv, is 51.7% higher innovations in the fi eld of building standards and taxation, compared to the same period of 2018 (for comparison: etc. For example, the creation of the unifi ed state electronic for the three quarters of 2018, 616,200 sqm of new system in the fi eld of construction received a positive housing construction was commissioned, for the whole assessment. “It will make the procedure for obtaining permits, 2018 year – 1,255,854 sqm). Roman Gerasymchuk, licences, and approvals more transparent, which will allow a Director of the City Development Solutions consulting potential buyer to assure oneself of the trustworthiness of the company, notes that the factors creating an increased developer,” comments Oleksii Poletukha, General Director demand for housing (withdrawal of funds from bank of the NEST development company. deposits and internal migration), have practically exhausted themselves, therefore, without additional incentives, the market may experience a decrease in its activity. And last year, according to the data of the State Statistics Committee of Ukraine, the index of residential real estate construction in Kyiv slightly diminished – it was 92.2% (for comparison: in 2018, this fi gure reached 106.6%). An instrument that can “revive” this segment is the improvement of the mortgage lending conditions – all the market players emphasize this. In 2020, mortgage rates can drop to 10-12% against 20-24% per annum, provided that the National Bank of Ukraine reduces the discount rate to 7% by the end of 2020 (in February 2020 it was 11%, and in February 2019 – 18%). “The launch of the mortgage lending at 10-12% per annum, proclaimed by the government, will signifi cantly revive the residential real estate market. It will make housing aff ordable for the general population, signifi cantly increase demand. Which, in turn, will stimulate fi nancing for development projects and will increase supply,” predicts Andrii Vavrysh, CEO of the SAGA Development company. Among the predicted events of 2020, which will also positively aff ect the sector, is the expected adoption of the Kyiv General Plan. “Indeed, according to its project, the conversion of nearly 1,700 hectares of territories (mainly industrial) to public multifunctional, residential multi-unit buildings, landscaping and engineering and transport infrastructure is envisaged,” explains Serhii Korol, Development Director at the ENSO development company.

*As of February 2020, the results of the commissioning of residential real estate in Kyiv for the entire 2019 were not made public. In the photo: Respublika residential complex, Kyiv PHOTO: KAN DEVELOPMENT PHOTO: 23

elections had almost no eff ect on demand. “If they are KYIV PROPERTY MARKET THREE MAJOR TRENDS not accompanied by economic disasters, then for most However, all of the above are potential prospects for 2020. buyers, the elections do not change anything,” states And how did the year 2019 result for the Kyiv residential Andrii Vavrysh. real estate market? In general, it was infl uenced by the three main factors: elections (presidential and Currency movements. At 2019 year-end, the Ukrainian parliamentary), the strengthening of the national currency, national currency strengthened against the American and the scandal surrounding the Ukrbud Development one: the offi cial exchange rate of the hryvnia to the dollar company. revalued by 14.5% for the year – these are the data of the National Bank of Ukraine. It aff ected the demand for Elections. If we speak about the impact of the presidential housing even more than the uncertainty that accompanied and parliamentary elections held in Ukraine in 2019, then, the election period. according to analysts of the UTG consulting company, they As Andrii Vavrysh explains, there is a particular seasonal made most categories of the population take a wait-and- pattern of currency movements on the market that aff ects see attitude towards the expensive purchases such as the real estate demand: “Amid the hryvnia appreciation in housing. It prompted a decline in interest for this type of summer, some buyers postponed the purchase, hoping that real estate in the second and third quarters of the year in September the dollar will rise in price again. When it did 2019. The deferred demand was partially realized in the not happen, owners of dollar savings began to actively buy fourth quarter of the year (which, however, may be due to real estate, fearing further appreciation of the hryvnia and another factor related to the currency fl uctuations). the devaluation of savings. As a result, by November, the At the same time, some developers say that the demand had risen to the level of previous years.” 24

Under such conditions, as UTG explains, the residential real estate market in Kyiv. Also, thanks to residential complexes with prices denominated in investors who intended, but did not have time to buy national currency rose in dollar terms, which, in turn, an apartment in this company, other developers can provoked an increase of the value of projects that linked increase their market share and improve their results. the prices to foreign currency. According to the State Statistics Committee, the housing price in hryvnia in DEVELOPMENT WILL CONTINUE 2019 rose by 6.6%, while in dollar terms, according to According to City Development Solutions, in 2019, the the City Development Solutions, the value of such real residential real estate supply available for purchase estate increased by 15-25%, depending on its class. decreased by 8%; at the beginning of 2020, 258 complexes “The pricing process on the Ukrainian real estate market, were on sale. According to the analysis provided by and in particular, on the Kyiv market, corresponds to a the company, today the structure of this segment is as somewhat simple scheme: the prices are fi xed in the follows: 10% of residential real estate belongs to the

KYIV PROPERTY MARKET more growing currency from the pair the hryvnia/the economy class, 50% – to the comfort class, 32% – to dollar. In past years, it was mainly in the dollar. But in the business class and 8% – to the premium class. The 2019, there was the appreciation of the hryvnia against decrease in the supply available for purchase is partly the dollar, and the developers tried to fi x prices in the due to the temporary suspension of the construction of national currency,” explains Roman Gerasymchuk. the Ukrbud Development's projects. In contrast, the last City Development Solutions provides detailed statistics year was quite successful for other capital developers, on the cost of 1 sqm of residential real estate: the economy and they were building up the real estate portfolio. class – UAH14,300; the comfort class – UAH20,100; the For example, SAGA Development commissioned business class – UAH28,200; and the premium class – more than 1,030 apartments with a total area of more UAH67,300. In dollar terms, the situation is as follows: than 76,350 sqm. Today SAGA Development's portfolio the economy segment – USD$610; the comfort class – contains ten residential complexes under construction USD$870; the business class – USD$1,210, and the in Kyiv, some are being built together with partners. In premium class – USD$2,880. H1 2020, the company plans to launch six more new However, it is necessary to note that price increases projects, two of them in the residential real estate were triggered by other factors. Among them were an segment. In general, in 2020, SAGA Development intends increase in the cost of construction and the life cycle of to commission 170,000 sqm of housing. projects (the closer they are to their completion – the Last year, KAN Development commissioned higher the price). 1,416 apartments on 121,000 sqm. The construction of 124,500 sqm and 1,565 apartments in the new stages of Сonfl ict of the year. The situation in the Ukrbud its three residential complexes – these are the developer’s Development company attracted the most attention plans for the current year. Besides, KAN Development last year: due to several internal and external together with UDP carries out the UNIT.Home project; it factors, including the confl ict of its management and is a residential part of the Kyiv UNIT.City innovative park. fi nancial miscalculations, the construction of more At the beginning of this year, three residential than 20 residential facilities was suspended, and projects of ENSO were under construction. The 13,000 investors – buyers of apartments – were at risk. developer intends to commission the first projects at The worst-case scenario was avoided: one of the largest the end of 2020. In particular, it is planned to open two developers in the city, Kyivmiskbud, declared that it sections for more than 300 apartments with a total area would complete the buildings of the Ukrbud Development of about 22,000 sqm. company. As of February 2020, 23 residential complexes And these are just a few examples of the developers' were being transferred from Ukrbud Development to plans. The market of the primary residential real estate Kyivmiskbud; fi nancial analysis and inventorying were in Kyiv will continue to develop; the competition will carried out, and the construction and commissioning increase due to the launch of new projects. “Clients will dates were agreed. According to Ihor Kushnir, Chairman have a great choice. Many projects and their phases of the Board, President of Kyivmiskbud, the completion are expected to be commissioned, and new residential of the projects will be fi nanced, in particular, from the complexes, including small one-stage projects and company's resources and borrowings from the state large-scale quarterly development, will be launched,” banks. Also, Kyivmiskbud will accumulate funds through says KAN Development. The company also forecasts a the implementation of new phases of the launched possible price rise in 2020, which will be caused by a projects. general increase in prices on the market, in construction The situation with Ukrbud Development led to the and installation work prices, and also by the increase of redistribution of shares held by developers on the construction readiness of new projects.

26 RETAIL PROPERTY IN KHARKIV: AWAITING FOR LARGE MALLS After the onset of hostilities in Eastern Ukraine, the real estate development in Kharkiv ceased almost completely. For the last few years, the city experienced a lack of a new supply of big shopping malls. However, the market balance may dramatically change in the coming years.

OBVIOUS DEFICIT during the last 2-3 years. The same trend was observed According to Maksym Gavryushyn, Operational Director in AVE Plaza: there were no vacant premises in this at the Budhouse Group development company and 11,500 sqm shopping and offi ce center by the end of Head of the Ukrainian Department of the International 2019. DCH Infrastructure & Real Estate (that manages a Council of Shopping Centers (ICSC), by the end of chain of Karavan malls in Kyiv, Kharkiv, and Dnipro) noted 2019 Kharkiv retail real estate market supply amounted that the average annual vacancy rates in the company’s to 327,000 sqm GLA in 19 shopping centers. The biggest regional centers were less than 1% and of rotary nature. of them are Karavan SEC (85,000 sqm GBA, 59,000 sqm A local chain of shopping centers Klass has no vacant REGIONAL PROPERTY MARKETS GLA), Dafi SEC (80,000 sqm GBA, 54,500 sqm GLA), premises: the occupancy rates in these facilities totaling Frantsuzkyi bulvar SEC (69,000 sqm GBA, 40,350 sqm GLA), 13 are absolute. Magelan SEC (40,000 sqm GBA, 35,800 sqm GLA). The Kharkiv market players also note the increase “Compared to other Ukrainian cities with 1 million in the footfall of shopping centers, the tenants’ sales population, Kharkiv falls behind them in terms of retail real growth and the increase of the average purchase amount. estate market saturation. Thus, in Kharkiv this indicator For instance, in 2019 the traffi c in AVE Plaza grew by 5% is 220 sqm/1,000 inhabitants, while in Lviv and Dnipro – compared to 2018 and the average purchase amount 310-320 sqm/1,000 inhabitants, and Odesa – over increased by 30%. 400 sqm/1,000 inhabitants,” says Maksym Gavryushyn. The current market condition allowed management He also draws attention to the fact that most of the companies to increase rental rates. For instance, retail spaces in Kharkiv are represented by small or old DCH Infrastructure & Real Estate increased its rates reconstructed projects, and there are only four big and by 20% in USD equivalent amid the growth of tenants’ relatively modern centers in the city, all of them were built turnover and high demand for retail premises. in 2006-2010. According to the Pro-Consulting company’s data, as As for the factors hindering the development of the of the end of 2019, the average rental rates in Kharkiv retail property market, the major of them is the lack shopping malls ranged from US$10 to US$65/sqm/month of funding tools, according to Maksym Gavryushyn. while operating costs ranged from US$1 to US$13/sqm/ Ihor Skliarenko, General Director at Dafi SEC (two month (about 10-20% of the level of the rental rates). same-name facilities in Kharkiv and Dnipro), shares this opinion. “With no appropriate loan programs, investors EXPANSION OF AREA AND INCREASE do not risk investing their funds in long-term projects. IN THE NUMBER OF TENANTS The internal political situation and the proximity to the In the context of the higher demand for high-quality hostilities area do not inspire much optimism. Therefore, premises, developers boosted the renovation and expansion nobody has started to build new large malls in Dnipro and of their projects. Thus, last autumn Frantsuzkyi bulvar SEC Kharkiv for a long period,” explained Ihor Skliarenko in his commissioned two new fl oors, increasing its GLA by interview for the RAU portal. According to the expert, the almost 2,500 sqm. current situation caused the shortage on the Kharkiv retail Last year Klass renovated its facilities too. The property market. company changed the concept of two shopping centers by optimizing the retail spaces and extending functionality. VACANCY RATES DOWN – RENTAL RATES UP It also started to build the 14th project that would become As there have been no openings of new large-scale the biggest one in this chain. professional retail projects in the last few years, Kharkiv During the last few years, Dafi focused on the market players have all the opportunities not only to keep renovation of its shopping center in Dnipro. At the same vacancy under control but also reduce it. According to the time, the developer did not rule out the possibility of UTG consulting company, in 2019 the average vacancy expanding its project in Kharkiv. “In this city, we have a rates in the city dropped to 3.77%. quite large and convenient location that allows us to The volume of free spaces in the most successful reconstruct and expand the mall. Even now we understand malls was even lower in 2019. For example, the that it is highly likely that the Kharkiv SEC will be renovated occupancy rates in Dafi mall were almost absolute and expanded,” said Ihor Skliarenko. 27 REGIONAL PROPERTY MARKETS RENDER PROVIDED BY UTG In the photo: Planeta Mall SEC, Kharkiv

As of the 2019 year-end, the Kharkiv retail property market supply amounted to 327,000 sqm GLA in 19 shopping centers

REVIVAL OF DEVELOPMENT this SEC, then in future, after the opening of Nikolskyi, it The high demand for retail premises and the growth of will defi nitely aff ect the market. In such an event the level rental revenues led to a revival of development activity. of saturation in the city will become quite high,” assures Last year, the construction of Nikolskyi SEC was sped up. Maksym Gavryushyn. This project with 104,000 sqm GBA and 52,000 sqm GLA is According to UTG, in Kharkiv Magelan SEC is really the biggest regional shopping mall in Ukraine scheduled scheduled for expanding in 2020-2021, the construction for commissioning in 2020. of its second phase will increase the mall’s GBA to Though Kharkiv may get a signifi cant new supply of 110,000 sqm and GLA to 70,000 sqm. Also, the shopping retail premises after the opening of Nikolskyi SEC, the center will change its name to Planeta Mall. Besides, market players do not consider that this will change the seven small malls with 1,000-2,500 sqm GLA are scheduled situation dramatically. Maksym Gavryushyn shares this in Kharkiv in the next two years. According to UTG, the GLA opinion. “It is evident that the opening of Nikolskyi SEC of the announced projects amounts to 100,300 sqm. will not aff ect the performance of the operating malls, The commissioning of the said projects will ease which means that the city will remain an interesting place shortages of retail premises on the local market, but if the to develop new projects,” says Maksym Gavryushyn. high demand for high-quality premises remains, there will As Maksym Gavryushyn noted, the situation may be no signifi cant decrease in rental rates. In this context, change after the reconception and commissioning of developers will maintain their interest in the retail real the second phase of Magelan SEC that was acquired by estate sector, which means that new projects of shopping Zolota Nyva 1. “If the new owner intends to reconstruct malls can be launched. 28 SHOPPING AND ENTERTAINMENT CENTERS IN DNIPRO: THE MARKET IS COMING BACK TO LIFE

New retail projects in Dnipro were almost completely frozen for several years. But the economic growth of the city and retailers’ demand brought the attention of investors. 2019 was a starting point for a new post-crisis development of retail real estate in Dnipro.

PRECONDITIONS FOR REVIVAL SATURATION AND VACANCY “After the temporary standstill, the Dnipro real estate Dnipro takes a moderate position in Ukraine in market is coming back to life. New formats of shopping terms of retail real estate supply. According to and residential complexes emerged. Many residential Colliers International (Ukraine), the total market saturation buildings under construction will have shopping spaces is 304 sqm/1,000 inhabitants. For comparison: in Kyiv, this in their substructure. The existing malls are being index is 520 sqm/1,000 inhabitants. The total supply of reconstructed, some of them got new owners, and are leasable retail premises in Dnipro is about 304,500 sqm REGIONAL PROPERTY MARKETS being reconcepted,” Iryna Goryslavska, Director of Lease (including 5,000+ sqm shopping malls of traditional Department at the managing company of Dafi SEC, formats). And the supply of professional retail schemes describes the market conditions. makes up 64% of the total market and amounts to Such trends are due to the economic growth of both 194,500 sqm (5,000+ sqm shopping centers characterized the city and the region. For instance, after the negative by optimal concepts and good tenants). results of 2014-2015, the retail turnover growth in Ukraine According to the UTG consulting company, the average and in the Dnipropetrovska region is gradually recovering. vacancy rates on the city market amount to 6.2%, and In 2019, it rated 7th according to the retail trade index. this index is almost zero in the best projects. For instance, Besides, Dnipro is one of the 4 top cities where both a share of free spaces in the biggest Karavan SEC domestic and international retail operators intend to (77,870 sqm GLA) in Dnipro is less than 1%, the occupancy expand, according to the Colliers International (Ukraine) rates in Dafi SEC (15,000 sqm GLA) are absolute. The consulting company. projects of the local development company Alef Estate PHOTO: NEOPLAZA.COM.UA PHOTO: In the photo: NEO PLAZA SEC, Dnipro 29 REGIONAL PROPERTY MARKETS PHOTO: IS PHOTO: In the photo: APPOLO SEC, Dnipro demonstrate positive dynamics too, and its portfolio unchanged (24,500 sqm). The reconception of Dafi and includes fi ve shopping centers and two complexes with APPOLO malls also continues. For example, APPOLO’s retail premises in Dnipro. Thus, its share of free spaces second phase of 15,000 sqm GBA and around 12,920 sqm varies from 3% to 5%. GLA is scheduled for opening. As a result, the GBA of the The Dnipro retail property market is projected to SEC will reach 50,000 sqm, and its GLA – 30,000 sqm. experience a further increase in occupancy rates due to the scheduled entry of new national and international NEW PLAYERS ON THE HORIZON retail operators. “The situation on the Dnipro retail In the coming years, new supply in Dnipro will largely property market will maintain the trends of 2019, so we include the extension of the existing malls. According to expect a relatively stable purchasing activity and the UTG, in 2020 about 30,000 sqm will be commissioned in increase in demand for high-quality spaces coming from the city, including 12,920 sqm (GLA) in APPOLO, 5,000 sqm retail operators,” predicts Iryna Goryslavska. (GLA) in Dafi , 1,220 sqm (GLA) in Vavilon, etc. According to Rental rates are also growing. According to UTG, by the the company’s estimates, the current potential demand for end of 2019, the average rental prices in Dnipro amounted retail premises in Dnipro amounts to around 93,000 sqm. to US$20/sqm/month, and the maximum – US$30-33/ It is worth mentioning that Dnipro will become the fi rst sqm/month (VAT and operating costs excluding). city, where UTG will act as a co-investor and managing company. The company together with DC Evolution is PERIOD OF CHANGE planning to build Alfa Mall, a shopping and entertainment The main preconditions for the development of the existing center with 105,000 sqm GBA and 52,000 sqm GLA, which shopping centers in Dnipro are low vacancy rates in will be located in the substructure of fi ve residential professional projects, the expected increase of competition, buildings with 500 apartments. The SEC will become one and the growth in turnover. The market players continue to of the third biggest shopping schemes in the city. Over reconcept and expand the eff ective area of their facilities. US$100 million will be invested into Alfa Mall. Thus, according to Colliers International (Ukraine), in Alef Estate, a local market player, is also planning to 2019 fi ve malls were reconcepted. And NEO PLAZA was implement a new project, but so far it has not provided any one of them. Before that, this property was known as detailed information. “Alef Estate has enough plans for Materyk SEC that was commissioned in 2006. In 2017, the building new facilities in Dnipro in the coming years. Soon project was acquired by Joint Industrial Park that began we will announce the beginning of construction,” noted to reconstruct it in 2018. As a result, the GLA of the SEC Angela Borysova, General Manager of Commercial was expanded (to 14,430 sqm), while the GBA remained Center at Alef Estate. 30 LVIV RETAIL PROPERTY MARKET: CLOSE TO SATURATION?

In 2019, the Lviv retail property market demonstrated the stability of rental rates, the lowest vacancy level, and a slight growth of supply due to the opening of new projects. Some experts predict an eventual net surplus of retail space in this city.

VACANCY RATES AT THE LOWEST LEVEL in the projects that were successful in the past but are According to the UTG consulting company, at the end of outdated at present, and in new complexes that are 2019, there were 2 regional, 6 district, 16 microdistrict, growing in popularity. As UTG informs, the lowest market 12 specialized shopping centers operating in Lviv. The prices, up to US$12/sqm/month, are fi xed for the facilities new supply of the last year includes such facilities as with signifi cant conceptual failures that are located far the Spartak shopping, entertainment and sports complex away from the city center. (23,000 sqm GLA), Vernissage Lviv Mall (1,000 sqm GLA), REGIONAL PROPERTY MARKETS shopping and offi ce center located in 11, Hospitalna Str. TOO MUCH OF RETAIL? (over 3,000 sqm GBA, around 1,300 sqm retail area). According to UTG, two shopping centers with a total According to the Cushman & Wakefi eld in Ukraine leasable area of 33,300 sqm are scheduled for opening in consulting company, the supply of modern retail space in the city by the end of 2021. However, even this supply may Lviv amounts to 400,000 sqm or 527 sqm/1000 inhabitants (the fi gure covers all the retail properties with 5,000+ sqm GLA, including supermarkets and hypermarkets). According to UTG, the city takes the leading positions in Ukraine in terms of retail real estate supply. And the Colliers International (Ukraine) consulting company estimates the index of retail premises saturation in Lviv as 269 sqm/1,000 inhabitants (high-quality 5,000+ sqm shopping centers leased by famous retailers were taken into account). The amount of new shopping centers on the market is limited, and there are no great projects under construction at all. The defi cit of new supply along with the growing demand of tenants resulted in a situation where the vacancy rates of the best shopping malls in Lviv reached zero. According to UTG, the average level of vacant spaces at the end of 2019 amounted to 2.9%. Colliers International (Ukraine) predicts that considering the lack of the promising retail real estate supply in the short-run and quite high interest coming from retailers, we can expect that the vacancy rates will continue to decrease. In addition, it is highly likely that big international brands that were not introduced in the market before will enter this city. For example, as Tetiana Markovska, Associate Director of Retail Department at Colliers International (Ukraine), noted, Lviv is of meaningful interest to big retailers, such as H&M, De Facto and others.

NO RENT CHANGES In 2019, the average rental rate on the Lviv retail property market did not change compared to 2018. According to Cushman & Wakefi eld in Ukraine, rental rates in the best shopping centers of the city range from US$30 to US$60/ sqm/month (VAT and operating costs excluding). The In the photo: Spartak shopping, entertainment and sports complex, Lviv

average rates (up to US$30/sqm/month) are observed IS PHOTO: 31 REGIONAL PROPERTY MARKETS lead to a surplus in the market. As UTG noted, by the end noted, there is one more trend on the market: the of 2019, the lack of retail spaces amounted to 20,735 sqm. development of so-called convenience shopping malls “If the announced promising projects are launched, the that are located in residential complexes and cater to the market may see an excess supply that will lead tenants needs of their inhabitants and inhabitants of neighboring to relocate from the outdated projects that are losing their houses. “Avalon Inc. is the main player that succeeds in popularity. This will also make the vacancy rates grow and developing this format in Lviv. Developers of residential rental rates fall,” predicts Oksana Gavrylevych, Leading properties in this city pay more attention to ground fl oors Analyst at UTG. and choose tenants carefully, therefore, they develop retail In addition, other retail projects are expected to be spaces as a part of residential houses,” Anna Marsova developed in the city. Thus, Lvivbudmaks-Invest is building the described the trend. second phase of the Spartak complex. Also, in 2019 the city And Lvivbudmaks-Invest is even more optimistic and authorities approved a number of detailed plans of territories certain that: even if a shopping center is launched in that include retail premises. For example, the Lviv City each district, it will be in demand among consumers. But Council agreed on a detailed plan of territory that includes a new project must satisfy diff erent kinds of demands. the development on the land of the former Almazinstrument “Year after year Lviv is becoming a real big urban center, factory, where residential houses and a shopping and so people have less and less free time and more and entertainment center with a recreational area will be built. more work. Therefore, shopping centers providing many Besides, as Anna Marsova, Head of Retail Agency services and opportunities are in growing demand,” and Consultancy at Cushman & Wakefi eld in Ukraine, Lvivbudmaks-Invest notes. 32 REGIONAL PROPERTY MARKETS PHOTO: IS PHOTO: In the photo: !FEST Hotel, Lviv

LVIV HOTEL SECTOR: UNLEASH THE POTENTIAL

The Lviv hotel market shows a relatively high development activity based on a stable interest in the city coming from tourists. However, 2019 “reversed” the trend of growing hotel occupancy rates that had been observed during the previous years. The market players can experience an oversupply, but they are still convinced that the potential of the sector remains high.

KEY TRENDS often, and note that international brands express their For the last years, Lviv has made a signifi cant breakthrough interest in Lviv,” says Valeria Sekisova, Head of Sales in developing its tourism and business potential, stimulating and Marketing Department at the Premier hotel chain. the development of new hotel projects. Currently, Lviv is But the market players also believe that Lviv has competing for tourists not only with other cities of Ukraine already reached its saturation point. Valeria Sekisova but with some cities in Eastern Europe as well. The number emphasizes that the supply in the middle and high price of future hotel projects is increasing, investments into this hotel segments exceeds the current demand, and the sector are coming from both local and capital investors competition between the hoteliers sometimes turns into a and foreign ones as well. “We observe that sales of city real price war. “According to PKF’s analysis, Lviv is among land plots for new hotel projects are announced quite the ten top cities of Ukraine which features the growth 33 of hotel supply and the decrease in demand at the same and 5-star hotels, their payback period is quite short, and REGIONAL PROPERTY MARKETS time. Now, we can admit that the market is oversupplied,” they can fi ll a niche of the high-quality, but not expensive says Valeria Sekisova. hotel product,” she explains. According to EY in Ukraine, as of December 2019, the supply of the Lviv hotel market included 49 facilities SCHEDULED OPENINGS with 2,800 rooms. However, though international brands Daniel Mlcousek predicts the positive dynamics of the Lviv announced their intentions to come to the city, so far only hotel sector in 2020. The further increase in the number of one such project has been operating there – that is ibis hotel projects and the improvement of their services are Styles Lviv Center with 77 rooms, which is a part of the expected. ibis Styles Lviv Center, for instance, is planning international operator Accor’s portfolio. to increase its room capacity. In 2020, several hotels were launched in Lviv, all of them In Lviv, the construction of BW Plus Market Square are managed by the local companies. Among them, there that will be located in three historical buildings is at the are Ferenc Hotel & Restaurant with 35 rooms and Masoch fi nal stage. Its developer is a capital company ArtBuild with 14 rooms. The last one was built by a local restaurant Hotel Group that decided to invest in the project in Lviv leader, !FEST Holding of Emotions, which therefore started under the prominent brand of the American operator Best a new business. In addition, at the beginning of 2020, the Western Hotels & Resorts. The hotel will feature 70 rooms. company opened its second project – !FEST Hotel with The launch of BW Plus Market Square is scheduled for the 69 rooms. mid-2020.

As of December 2019, the supply of the Lviv hotel market included 49 projects with 2,800 rooms

OCCUPANCY RATES ARE FALLING DOWN In 2019, the Lviv City Council took some decisions According to EY in Ukraine, during the last few years, the regarding the implementation of hotel projects in the city, occupancy rates in the Lviv hotel sector demonstrated a and also approved the resolution to found a joint venture positive dynamics: 50% in 2015, 63% in 2016, 65% in 2017, Synergy Alliance between Lviv City Council Resources and 67% in 2018. However, the average occupancy rates Agency and Onur Construction International. It was in 2019 amounted to approximately 65%. granted a 4.8 ha land plot near the Lviv airport, where In particular, this fall was caused by the decline in Onur intends to build a multifunctional complex with event domestic tourism. In 2019, 36% of all city guests came areas, offi ces, and a 200-300 room hotel. from other regions of Ukraine, which is an all-time low since 2016. There are few reasons for this: the “opening” of UNLEASH THE POTENTIAL the EU borders, the lack of high-speed train lines, running According to Valeria Sekisova, several years ago, Lviv from Lviv to the cities with over 1 million people, such as became the fi rst city in Ukraine that launched an Dnipro, Kharkiv, Odesa, and the price competition with the integrated and consistent strategy for its development nearest European cities. “In addition, the launch of new as a tourism destination. The city is involved in foreign international low-cost lines off ered domestic tourists more exhibitions and forums, organizes information and opportunities to fl y abroad, though it attracted the fl ow of promotional tours for foreign agencies, cooperates with foreign guests into the city,” believes Daniel Mlcousek, travel bloggers, and improves its positions due to new General Manager at ibis Styles Lviv Center. international routes. “It hould be also noted that Lviv And in 2019 the number of tourists coming from became the fi rst in Ukraine to launch a convention bureau abroad, especially from Poland and Turkey, increased. In for conference tourism development, also a program that general, 2.5 million persons visited Lviv last year, while builds knowledge about the city as a new business tourism in 2018 there were 2.2 million guests. However, not all of destination has been developed and is implemented now. them stayed at hotels during their visit. For example, about An event tourism program has also produced results,” 30% of city guests preferred apartments, and 31% of them noted Valeria Sekisova. Daniel Mlcousek added that the chose hostels. These facilities and also capsule hotels, reconstruction of tourist sites and the development of in Valeria Sekisova’s opinion, are quite attractive for 1-day tours to the Lviv region may enhance the potential investing. “Such projects require fewer funds than 3-, 4- of Lviv and extend a stay period. 34 ODESA HOTELS: HOPES FOR STABILIZATION AND BELIEF IN MARKET GROWTH Odesa hoteliers remembered summer 2018 by the sharp increase in occupancy. The following early autumn was no less successful. However, the infl ow of tourists sharply decreased after the military situation was announced in Ukraine in late 2018. Such a change caught the hoteliers unawares and forced them to doubt the season 2019.

KNOW A HOTEL BY ITS TOURISTS 40-45%, and downtown business hotels could even boast The hotel industry of Odesa, which experienced higher numbers. However, in late 2018, this segment a successful 2018 by a range of parameters, brought the was negatively infl uenced by the military situation in the city UAH7.3 million of tourist tax which is by 30% higher country, which made numerous foreign tourists, who were than in 2017, and by 61% higher than in 2016. In 2019, the planning to visit Ukraine, cancel their trips in December. local budget received UAH11.6 million of this tax. The start of the summer season 2019 in Odesa was not According to Odesa City Council, the infl ow of tourists very successful as well. This was caused by non-typical REGIONAL PROPERTY MARKETS to Odesa in 2018 increased vs. 2017 by 28% – up to weather conditions with warm June followed by cold July. 3.2 million people (in 2017 – 2.5 million). Despite the “With regard to the city guests’ portrait, most probably positive trends, the results of 2018 and the fi rst months that the eff ect of such non-typical summer weather of 2019 worsened due to the political events in Ukraine, infl uenced, in the fi rst turn, the middle- and low-budget namely, the military situation that was valid for one month segment of hotels,” says Maryna Krestinina. H1 2019 in ten regions of the country, including Odesa region. This was not simple, and on the whole, according to year-end caused a sharp decrease in the infl ow of tourists in 2019. results, the general occupancy of Odesa hotels amounted The experts include the introduction of the visa-free system to 44%*. and the atypically cold weather in mid-summer 2019 into the list of factors that also aff ected the outfl ow of guests. UNCHANGED MARKET STRUCTURE However, according to the results of the year, the infl ow Around 300 accommodation places were operating in of tourists demonstrated slight positive dynamics: the city 2019 in Odesa. The current market structure is mostly was visited by 3.3 million people. The majority of them represented by small hotels; the apartment segment were Ukrainians. Foreign tourists were mostly represented develops rather actively. Moreover, new real estate by guests from Turkey and Israel. projects provide for possibilities for the opening of mini-hotels. PRICES ARE STILL Discussing the Odesa hotel market supply**, according According to EY in Ukraine, in 2019, the ADR in Odesa to EY in Ukraine, as of the end of 2019, it included around 5-star hotels varied from US$80 to US$120, and in 65 projects with a total capacity of almost 3,800 rooms. At 4-star projects – from US$40 to US$60, in the middle this, the considerable part of this supply is concentrated in hotel segment – from US$30 to US$40. As EY in Ukraine the high price segment. informed, these indicators mostly maintained the 2018 It should be mentioned that in recent years, the level. “It should be noted that the diff erence between hotel real estate segment in Odesa has demonstrated the high and the low season ADRs was more signifi cant the relative stability of the supply. There were no large in previous years. Throughout 2019, we observed certain openings in the city in 2018 and 2019. Local players are graduation of the seasonal factor. At this, the average traditionally the most active. For example, in 2019 this room rate dynamics diff ered from hotel to hotel. Some hotel market was widened with several small projects, hoteliers increased the cost of accommodation in the including Redling Hotel (30 rooms) and Wine & Pillow low season, while others decreased prices in the high Hotel by Frapolli (16 rooms) managed by the local Frapolli season. Meanwhile, some hotels increased rack rates Hotels Group. in 2019 vs. 2018, both in the low and high season,” told Maryna Krestinina, Head of Real Estate Advisory CREDIT TO THE SECTOR PROSPECTS Services at EY in Ukraine. The competition on the Odesa hotel market is quite

OCCUPANCY: INFLUENCED BY POLITICAL FACTORS *Previous data. AND WEATHER CONDITIONS **Excluding mini-hotels with the capacity of less than According to EY in Ukraine, the occupancy of Odesa 20 rooms, guest houses, sanatoriums and recreation camps, hotels has been rather stable for the last several years. apartments and small apart-hotels located in residential For example, the average annual occupancy was around complexes, and other similar means of accommodation. 35 REGIONAL PROPERTY MARKETS PHOTO: MOZART HOTEL GROUP HOTEL MOZART PHOTO: In the photo: Mozart hotel, Odesa

tangible. First, the market players are tied to seasonality: development, the compound activities both of its in summer they compete for holiday tourists, and in winter, players and the authorities in forming and promoting for corporate clients. Second, according to some hoteliers, the city image, improving its infrastructure, and holding the supply in some niches exceeds demand. For example, large-scale international events is important. However, according to Arthur Lupashko, CEO of Ribas Hotels Group according to hoteliers, Odesa lacks locations for large- (the company manages or has under the exclusive booking scale events. 25 real estate projects in Odesa and the region), the excess The hotel market players set hopes on new opportunities of hostels is observed on the market. due to the expansion of the city airport, where the airstrip Despite the questionable matter, experts still see and the new terminal construction was completed in 2019. prospects for the Odesa hotel sector increase. For example, Moreover, last August, the Odesa Seaport administration according to EY in Ukraine, with regard to the current initiated the creation of a coordination authority, joint demand structure, the city lacks modern middle- and with Odesa City Hall, with the purpose to build the cruise low-budget hotels. Ribas Hotels Group, which manages tourism development strategy. 3-4 star hotels and hostels, considers enhancing its “As long as there are no upheavals, it is possible to operations in Odesa. Vertex Hotel Group sees prospects for forecast the increase of the infl ow of tourists in 2020 vs. the development of two of its existing hotels, Londonskaya 2019,” says Iryna Sidletska. “Moreover, due to the market 4-star and Bristol 5-star, but the company does not aim players’ consolidation, it is possible to change the city at expanding its portfolio through new projects so far. perception and to transfer the share of large-scale events to “We plan to regularly update and, possibly, increase the Odesa. The important positive factor is the opening of the new room supply and conference areas of our existing hotels. airport terminal and the launch of both local and international These are the prospects for 2020. Although, the decisive low-cost airline fl ights.” Iryna Sidletska is sure: in the long factor will be the market dynamics,” shared the plans run, the city has a high level of attraction, favored by the Iryna Sidletska, CEO of Vertex Hotel Group. international fl ight connection and the active development of Although, for the Odesa hotel market successful its gastronomic and commercial infrastructure. 36 INVESTMENTS Managing Director atColliers International(Ukraine) Alexandr Nosachenko, but are stillcautiousregardingourmarket. share ofinvestment islocalequity. Foreigncompaniesshow theirinterestinUkraine, of transactions andinterestedcompaniesisthemainindicator. Therefore, thesignifi Investments intherealestatemarket ofUkrainearegrowing –theincreaseinvolume FORECASTS BYCOLLIERSINTERNATIONAL INVESTMENTS: ANALYTICS AND to US$250billion in2009,2019itreached US$1.7 if in2007thefigure was US$930billion, dropping investment exceeded thepre-crisis period.Namely, to research by Colliers International,thevolume of of uninterruptedgrowth. Nevertheless, according of 2019slowed down by 7%,afteralmost6years investment growth duringthefirst three quarters played adeterrent role. Asaresult, globalreal estate and theexpectationofaglobalrecession. They all Brexit, thetrade war between theUSandChina, significantly influencedby anumberofevents, mainly In 2019,investor sentiment worldwide was INVESTMENT INTHEWORLD 6 YEARSOFUNINTERRUPTED GROWTH SLOWED DOWNBY7%,AFTER ALMOST DURING THEFIRSTTHREEQUARTERS OF2019 GLOBAL REALESTATEINVESTMENTGROWTH

PHOTO: COLLIERS INTERNATIONAL (UKRAINE) on thepathtofull transparency. Based onopendata, figures andnew owners –theUkrainian market isstill no consolidatedinformation covering alltransactions, structure during thepastyear. Unfortunately, there is about 12%ofthecountry'sforeign direct investment In Ukraine, real estatetransactions accounted for INVESTMENT INUKRAINE and 8%(€24billion)went intohotels. warehouses with11%(€35billion)oftotalinvestment, billion), followed by retail with15%(€40billion), apartments tooksecondplacewithabout19%(€58 of totalinvestment went intoofficereal estate, financial centerfrom LondontoParis. to theprevious year, indicatingagradual shiftofthe real estatesegmentthere increased by 7%compared markets inEurope isFrance. In2019,investment inthe the USandChina.Today, oneofthemostpromising oriented onforeign market, was thetrade war between factor influencingtheslowdown ofGermany's economy a meager3%increase ininvestment volume. The main largest commercial real estatemarket, where there was year. Germany stillholdsthetopspotinEurope asthe volume compared tothesame periodintheprevious Brexit uncertaintyhasledtoa16%drop inUKsales in Europe’s largest commercial real estatemarkets, the amounted toabout€308billion.Analysingthesituation Real estateinvestment inEurope attheendof2019 INVESTMENT INEUROPE the lackofcapital. lack ofsuitablepricedqualityassets,asopposedto commercial real estateistosomeextentrelated tothe trillion. Atthesametime,declineininvestment in In termsofbreakdown, about 41%(€128.3billion) cant 37 INVESTMENTS PHOTO: FLICKR PHOTO:

the first place of the investment breakdown in Ukraine, conflict in the East of Ukraine, corruption, and non- as in the world, goes to the office segment. Retail was transparent schemes of interaction between business in second place, followed by warehouses and industrial sector and the state. real estate. Based on the statistics, we can conclude that the market is definitely growing. The increase in PRIME YIELDS the volume of transactions and interested companies Yield is the inverse measure of the payback level. is the main indicator. Currently, the market favours The higher it is, the riskier the market is considered landlords. Facilities already rented by tenants and to be. For example, according to research by Colliers therefore already generating a certain level of income, International, office rental rates in Poland are equal as well as other liquid projects, are in strong demand. to the Ukrainian ones, but the value of the asset is The most common requests are for office real estate of twice as high, because the yield is halved. Prime yield about 10,000 sqm, but there are very few of those on for the top assets in the office and retail real estate the market. In terms of investment, we are witnessing in Kyiv in 2019 decreased by 1 point compared with the emergence of international funds willing to invest 2018 and amounted to 11%. However, it is still one of US$50 million and US$100 million. Although large the highest rates in Europe. When choosing between US$10-20 million facilities are the most sought-after office and retail real estate based on the same level of by international companies interested in the country’s return and asset value, investors often prefer the office assets at large discounts. However, the market can no segment. This is due to the fact that we are witnessing, longer offer such facilities. Therefore, the significant both globally and locally, a decreasing interest in the share of investment is local equity. Foreign investors are retail sector amid the rise in e-commerce. Retail is still cautious regarding the Ukrainian market, as they do more sensitive to fluctuations in the economy and in not see guarantees for their investments. Indeed, the currency exchange rates. Each stress factor contributes main factors that prevent from entering the commercial to a decline in turnover, so tenants are unable to pay real estate segment are unstable economy, the military the previously agreed rental rates. 38

WAREHOUSES banks. The company Martin, which is developing the In the warehouse segment, demand from tenants RETROVILLE shopping, entertainment and business continues to grow. Up until 2019, the cost per square center in Kyiv, has announced a loan of €41.1 million meter of warehouses was lower than their actual from the Polish state bank BGK (Bank Gospodarstwa construction. This was due to the level of rental rates. Krajowego S. A.). To date, the company has already

INTERVIEW If current rental rates for high-quality facilities are received €12.2 million. about US$5/sqm/month excluding VAT, the cost of The same bank BGK will provide a loan of €53.6 million construction, including the cost of land, exceeds US to Budhouse Group to continue the construction of $500/sqm. Therefore, it is not economically feasible to Nikolsky shopping and entertainment center. However, invest in their construction yet. As a result, over the under the terms of cooperation, the contractor should past few years there has been a small supply of new be a Polish company, and 40% of all services and goods

IN 2019, REAL ESTATE TRANSACTIONS ACCOUNTED FOR ABOUT 12% OF UKRAINE'S FOREIGN DIRECT INVESTMENT STRUCTURE

facilities, and the projects which have been under for the completion of the SEC should come from Poland. construction for over two years are just at the stage of Also, there is now the likelihood of more affordable completion. All this leads to a lower vacancy rate in the credit from local banks: the National Bank of Ukraine warehouse market. (NBU) has declared a reduction in interest rates for 2020. In January 2020, the NBU Board decided to lower HOTELS the interest rate by 2.5 percentage points to 11%. Since Regarding investment in hotel property, most of the beginning of 2019, the interest rate has decreased the interest is for middle-priced hotels, quality-built by 7 points. According to Yakiv Smoliy, Head of the properties in interesting locations. The most liquid are NBU, the interest rate could reach 8% in 2020. But 3-star hotels. The average annual hotel occupancy rate lowering the interest rates is not enough to encourage in Kyiv is now about 50%. There are a few examples of commercial lending. Banks need to feel more secure, hotels with over 60% occupancy rates. It is very difficult knowing that the money will be spent properly. So far, to get an occupancy rate of 65% or above in Kyiv, in Ukraine, the rules and responsibilities of all parties because the busiest days are during the business week involved in a project are not sufficiently formulated. while weekend occupancy rates are somewhat lower. According to market experts, insurance companies are However, if you look globally, real estate investment expected to revitalize, while the insurance itself should is shifting towards the hotel and residential segments. become real and not nominal. Such a global trend is affected by the manifestation of the economy of impressions. The growth of tourism FORECAST 2020 around the world is one of the consequences, which With the ongoing stabilization of the economic situation, sooner or later will affect Ukraine as well. the Ukrainian real estate investment is projected to grow. In 2020, major transactions are expected to THE SOURCES OF FUNDING take place on the Ukrainian market, including the The paradox of the Ukrainian market is that most of the sale of bank assets, non-core assets of state-owned projects are fi nanced by private capital. This scheme works enterprises, and the privatization of state property. in the residential sector, where small investors invest their Office transactions will retain their leading position, own personal funds into projects, but in commercial real because the office market is now in a phase where it estate the effi ciency and speed of construction is much is profitable both to buy ready objects and to invest in lower without debt capital. However, given the unfavorable new projects. The construction of large retail facilities loan terms off ered by local banks, the fi nancial feasibility requires more investment, so new shareholders are of the project often does not work. expected to enter these projects. An increase in levels But lately the market has seen examples of of demand in niche markets such as co-working spaces lending to commercial real estate projects by foreign and apartments is also expected.

40 CITY CONSTRUCTION CHANGES IN 2019 Last year, the number of changes in the urban development area apparently led the LEGAL way. Despite the fact that many of them will come into force in the next three years, with due implementation, novelties adopted in 2019 are able to determine a further vector in the development of the industry. PHOTO: ANTIKA LAW FIRM ANTIKA LAW PHOTO: FIRM ANTIKA LAW PHOTO: Vasyl Sheretko, Alexander Burtovoy, Senior Lawyer of Antika Law Firm Partner of Antika Law Firm

Recently, only lazy would not talk about reforming in the smaller size is not established by the decision of the direction of simplifying and increasing the transparency of local self-government body being in force on the day permitting procedures in the fi eld of urban development. this Law enters into force): The problem is that the existing processes and procedures • for non-residential buildings and structures – 4% of the are hardly in line with the concept of an attractive total estimated cost of construction of the object; investment model of relations, and the specifi city of the • for residential buildings – 2% of the cost of the object industry is such that the imperfection of the existing construction, calculated in accordance with the main regulation is quickly becoming apparent. indicators of indirect cost of housing construction Many of the changes adopted in the recent years in the regions of Ukraine, approved by the central can be described as "rolling back and going round in a executive body, which provides for the formation and circle." However, new rules 2019 are something new and, implementation of the state housing and construction provided the further hard and correct works, can be a new policy, architecture, construction, urban development; step in the development of the city construction industry. 2) share contribution is not paid in case of construction of: • objects of any purpose ordered by the state or local SHARE CONTRIBUTION ABOLISHMENT self-government bodies at the expense of the state or On September 20, 2019, the Parliament of Ukraine local budgets; adopted the Law "On Amendments to Certain Legislative • buildings of educational, cultural institutions, Acts of Ukraine on Encouraging Investment Activity in institutions of physical culture and sports, of medical Ukraine" #132-IX. It amends the Law of Ukraine "On and health purposes; Regulation of Urban Planning Activity". In particular, since • social housing and aff ordable housing buildings; January 01, 2020 it changes the procedure and the size of • individual (manor) domestic houses, gardening, the share contribution of the construction project owners country houses with a total area of up to 300 sqm, in the development of the infrastructure of settlements, outbuildings located on the respective land plots; and cancels the share participation from January 01, 2021. • objects of complex development of territories, carried Thus, the Final Provisions of Law #132-IX stipulate out as a result of investment tenders or auctions; that the share contribution agreements concluded before • objects of construction provided the construction of January 01, 2020, are valid and continue to be in force social infrastructure facilities on the land plot; until they are fully implemented. During 2020, construction • objects constructed instead of damaged or destroyed project owners shall transfer funds to the respective local by an emergency of man-caused or natural character; budget for the establishment and development of the • objects of engineering, transport infrastructure, objects settlement infrastructure in the following size and order: of energy, communication and road industry (except for 1) the size of the share contribution shall amount to (if the objects of road service); 41

5) the funds received as a share contribution may be used LEGAL exclusively for the establishment and development of the engineering and transport, and social infrastructure of the respective settlement; 6) the information on payment of the share contribution is indicated in the declaration of availability of an object for operation or in the certifi cate of availability of an object for operation. Undoubtedly, the reduction in the size of the share contribution, and in the future, its complete abolition, should contribute to the improvement of the investment climate in the fi eld of urban development. And in the ideal case, which is not particularly believed, it should lead to lower prices in the primary real estate market. In addition, enshrining in law the prohibition of the use of funds paid as a share contribution for purposes other than the development of the infrastructure of the respective settlement can be considered as the fi rst steps on this correct and diffi cult way.

CHANGING APPROACHES IN SETTING STANDARDS Another major change for the construction market was made on the eve of World Architecture Day. Thus, on October 04, 2019, the Law of Ukraine "On Amendments to the Law of Ukraine "On Construction Standards" On Improvement of Setting of Standards" was adopted. KAN DEVELOPMENT So far in Ukraine, the setting of the standards in PHOTO: PHOTO: construction has been carried out according to the In the photo: Fayna Town residential complex, Kyiv regulatory principle. Excessive regulation of construction standards often did not meet the urgent needs of the construction market. This created obstacles to the • facilities within the industrial parks at the request of implementation of innovative and advanced technologies the initiators of creating industrial parks, managing in the fi eld of urban development. companies of industrial parks, participants of industrial The adopted Law aims to overcome these problems parks; and off ers a completely new approach to the standards- • objects that according to the state classifi cation setting process in construction, which has already proven of buildings and structures belong to buildings its eff ectiveness in the world. Thus, the Law introduces of agricultural purpose, forestry and fi sheries; three diff erent ways of standards-setting: regulatory, • objects that according to the state classifi cation parametric, and targeted. The preference is given to the of buildings and structures belong to industrial buildings; two latter methods of standards-setting. • facilities that according to the state classifi cation The essence of the regulatory method is confi ned to an of buildings and structures belong to grain silos and element by element description of the object of standards- warehouses (for storage of agricultural products); setting in construction, according to which the appropriate 3) the construction project owner shall, within 10 working solutions, structures, materials, performance, etc. are days after the start of the object construction, apply off ered. No alternatives are provided. to the relevant local government with a statement on The parametric method involves setting certain determining the size of the share contribution in the parameters that determine the safety, functionality, construction object, to which documents confi rming the and quality of the standards-setting object. Purposes, value of the object are attached. The local government functional requirements and criteria that the object of within 15 working days from the date of the receipt of standards-setting must meet are used as the parameters. the said documents provides the construction project The targeted standards-setting is intermediate and owner with the calculation of the share contribution in embodies elements of both regulatory and parametric methods. the construction object; In addition to introducing diff erent methods of setting 4) the share contribution is paid solely in cash before the standards in construction, the Law expanded the list of relevant construction object is commissioned; developers of construction standards and changed the 42

approach to the promulgation of the approved construction Starting from June 01, 2020: standards and amendments to them. If previously the 1) bodies of architectural and construction control exclusive powers for the development of construction will lose the right to independently cancel urban

LEGAL standards belonged to the Ministry for Communities planning conditions and restrictions of land development, and Territories Development of Ukraine (Minregion) and documents confi rming the right to perform pre- other ministries, whose powers included issues of setting construction/construction works (notifi cation, permit), as standards in construction, when the Law entered into well as documents certifying the commissioning of objects, force such powers were vested to the basic organizations construction of which has ended (declaration, certifi cate); in construction, the list of which must be determined 2) amendments to urban planning conditions and by the Minregion of Ukraine. restrictions of land development and their cancellation As for the promulgation of the approved construction are possible only at the request of a construction project standards and amendments thereto, the Law supersedes owner or by a court order. the way of publishing such documents – from the In addition, Law #199-IX establishes general rules for obligatory publication in the offi cial printed edition of the the interaction and exchange of information in determining relevant entity of the standardization to their publication the construction conditions in the aerodrome environs. on the offi cial site of the developers. The Law obliges And also the following concepts have been introduced: the developers of construction standards to provide free • construction object identifi er – a unique set of data access to such rules and changes to them to all users. that is automatically assigned to a construction object or completed construction object by the software of ESTABLISHING OF A UNIFIED ELECTRONIC SYSTEM the Construction Registry; IN THE FIELD OF CONSTRUCTION, CHANGES • general scheme of planning of the territory OF AUTHORITY OF STATE ARCHITECTURAL of Ukraine – urban development documentation that AND CONSTRUCTION INSPECTORATE (DABI) defi nes conceptual decisions of planning and use of On October 17, 2019, the Law "On Amendments to Certain the territory of Ukraine. Legislative Acts on Improving the Procedure of Provision The Law #199-IX came into force on December 01, 2019, of Administrative Services in the Construction Sector and except for some of its provisions, including the ones we the Establishment of a Unifi ed State Electronic System in mentioned above. The Regulations on the implementation of the Construction Sector" was adopted (hereinafter referred the electronic cabinet came into force on January 01, 2020, to as "Law #199-IX"). This Law amends 37 legislative acts. and the Electronic System will be implemented in stages – In particular, the Law of Ukraine "On Urban Development from December 01, 2020 through December 12, 2022. Activities", the Law of Ukraine "On the Licensing of Economic Activities", the Law of Ukraine "On the Energy Effi ciency of OTHER NOVELTIES Buildings", the Law of Ukraine "On the Environmental Impact It is also worth mentioning some important documents Assessment", the Law of Ukraine "On Administrative Services", that came into force in 2019. Thus, since January 15, and the Law of Ukraine "On the State Land Cadastre", the Law 2019 (the day when the Order of the Minregion #186 as of Ukraine "On Construction Standards", the Law of Ukraine of July 16, 2018 entered into force), a new Instruction "On the Basic Principles of State Supervision (Control) in the on a technical inventory of real estate objects subsists Field of Economic Activities", the Law of Ukraine "On the Land in Ukraine. In particular, it introduced new and specifi c Planning", the Law of Ukraine "On the State Registration of Real concepts that are already used in the construction market, Property Rights and Their Encumbrances", the Law of Ukraine defi ned new procedures and approaches in the technical "On Local Self-Government in Ukraine", the Law of Ukraine "On inventory of real estate, design and storage of its results. Advertising", Law of Ukraine "On Responsibility for Off enses Since October 01, 2019, the new DBN* B.2.2-12:2019 in the Field of Urban Development Activities", the Air Code of "Territory Planning and Construction", which is intended Ukraine, the Code of Ukraine on Administrative Off enses, etc. to substitute DBN B.2.2-12:2018, has been in force. In addition, Law #199-IX provides for the creation of a However, given that DBN B.2.2-12:2018 had not come into single state electronic system in the area of construction force, it can be argued that from a formal point of view, within the urban cadastre (hereinafter referred to as the starting from October 01, 2019, there are several DBNs "Electronic System"). Its components will be the Construction operating simultaneously in Ukraine that regulate the Activities Registry, the electronic cabinet of the electronic same issues. Namely, DBN B.2.2-12:2019, as well as those system user, and the electronic system portal. With the help DBNs (in part that does not contradict DBN B.2.2-12:2019), of the Electronic System, it will be able (and in the cases which were to substitute the non-eff ective DBN 2018. stipulated by the Law will be obliged) to carry out practically Namely, DBN 360-92**, DBN B.2.4-1-94, DBN B.2.4-3-95, all processes for creating documents and exchanging DBN B.2.4-4-97, DBN B.1-2-95. information in the process of creating construction objects and their subsequent operation. *State building standard 10-13 MARCH 2020 PALAIS DES FESTIVALS - CANNES, FRANCE

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COMPANIES

“A. Pashenko” Architecture Workshop ...... 48 Activitis ...... 49 Advansys ...... 50 Ajax Systems ...... 51 Alef Estate ...... 52 Antika Law Firm ...... 53 City One Development ...... 54 Colliers International ...... 55 Commercial Construction...... 56 Corcel ...... 57 CP COMMUNICATION AGENCY ...... 58 DEOL Partners ...... 59 Design Hub International ...... 60 ENSO ...... 61 Expomedia ...... 62 FORUM ...... 63 Hardkea ...... 64 KYB Architects ...... 65 Leater Integration ...... 66 Levantin design ...... 67 MANEZH ...... 68 MCL ...... 69 MG Management ...... 70 Moss Decor ...... 71 OSNOVA ...... 72 Pro-Consulting ...... 73 Schüco ...... 74 Seven Hills ...... 75 TVERDO ...... 76 UBI Conference Hall ...... 77 Vertex Hotel Group ...... 78 Voropay Construction ...... 79 ZIKZAK architects ...... 80 48 COMPANIES IQBusinessCenter, Toronto Business • Offi OceanPlaza,Magelan,HARTZ (allin Shoppingmallsandentertainment • The mainprojects ofthecompany are: of Ukraine. masterplans etc.inKyiv andothercities commercial, residential, civicbuildings, large numberofalready builthighprofi le a widerange ofprograms includinga developments; theirportfolio covers in large-scale private andpublic Today “A.Pashenko” teamspecializes Kyiv, Ukraine Offi Lviv, Ukraine Innovation DistrictITPark, and requires acreative individualstrategy. workshop designapproach. The architectsbelieve thateachschemeisunique of the city, sustainabilityandrationalityaretheessentialcomponentsof“A. Pashenko” Innovative integrateddesignsolutions,sensitivitytoculturalandphysical context “A. PASHENKO” ARCHITECTURALWORKSHOP ce Center, Kyiv), Nikolskiy (Kharkiv), etc. centers: ces andbusinesscenters: Novopecherski Lypky, CrystalPark, • Residential developments: Holiday InnKyiv, Leipzig,Radisson • Hotels: Kyiv, Ukraine Arsenalna ShoppingCenter, MG, etc. Varshavskyi, Montreal, Kvartal-Aley, Hoff Riviera Riverside, Tetris Hall,Zarichnyi, Blu HotelKyiv (Kyiv), Campanile,etc. etc. (Kyiv), Innovation DistrictIT Park (Lviv), Hill, Inkom offi Center, Innovation technoparkBIONIC mann Haus,Frantsuzkyi kvartal 2, ce andretail center Kyiv, Ukraine Tetris HallResidential Complex, Kyiv, Ukraine Hoff mann HausResidential Complex, www.pashenko.com.ua offi +380 (44)2336098 +380 (44)2497115 +380 (44)2497121 Kyiv 01135,Ukraine offi 34, Zlatovustivska Str. [email protected] ce 276 49 COMPANIES [email protected] 13-15, Bolsunovska Str. 13-15, Bolsunovska 01014 Kyiv Ukraine +380 (44) 465 66 01 +380 (67) 937 47 04 offi ukactivitis.com www.facebook.com/Activitis.Group Ukrainian businesses since 2013. Ukrainian meter that has been each square from our company. managed by and logistic hub, Kyiv ce center Business center Prestige, Kyiv Prestige, Business center Offi by 2-3 times in the short term thanks to 2-3 times in the short term thanks to by management.” the professional in 3 facts: Activitis • to assist been working have We • income of 60,000 sqm receive Owners • in the team. than 30 professionals More nancial services. “Our “Our and manage and manage rove cient utilization of each square organization. effi estate. real meter of commercial infrastructure. managed properties' estate management strategy real ective Alena Galuta, Director Our top priorities for development: Our top priorities for development: • to space approach innovative An • the most consulting for Professional • friendly usage of Environmentally at Activitis: Alena Galuta, Director Activitis manages individual property Activitis manages individual property shopping objects such as business centers, service stations, warehouses centers, complexes. property as integral as well manages In addition, the company complexes of business and residential combination of classes. The premium legal, accounting, engineering, marketing expertise and business security services the most Activitis to develop allow eff there In our portfolio each facility. for which due to our estate projects real are their management services increased 2.5 times in 1 year. capitalization by mission is to create, imp to be. people want where environments it is the Sounds simple, but actually, strategy of a well-coordinated result actions. coupled with highly professional a good example of are Activitis' projects the capitalization of an object grows how ACTIVITIS Since 2013, Activitis has been helping Ukrainian mid-sized and large Ukrainian mid-sized Activitis has been helping Since 2013, main areas: in two operates company The scale and grow. businesses management and fi real estate 50 COMPANIES • • • • • • • • • spaces. centers, sportingcomplexes,andoffi commercial facilities, includingauto standards. are certifi ed tonumerous qualifi cation standards, whileAdvansys specialists company meetsinternationalquality activity area. essential partofAdvansys’ servicesand effi Energy consultingwithmodernenergy- carrying outwarranty serviceofbuildings. into new andexistingfacilities, also implementation ofengineeringsystems concept development, designand performs project surveying, auditing, Advansys isafull-cyclecompany that plants, withmorethan10industrialplantsimplemented. than 100offi systems for over 50facilities, aswell asintegratedcomprehensive engineeringsolutionsfor more market. Forover 10years ofexistence, thecompany hasdesignedandimplementedengineering Advansys isaleadingexpert ontheintroduction ofengineeringsystemsintheUkrainianrealestate ADVANSYS cient solutionsandtechnologiesisan technologies that save signifi cant into accountmodern energy-effi developing concepts,Advansys takes technical solutions,designingor Energy effi system. an internationalqualitymanagement Thus, thecompany hasimplemented to thequalityofservicesprovided. Quality. receive. requirements for theservicesthey customers withindividualwishesand and unlike theothers –sameasthe assigned tothecompany isspecial Customer-focused. Approach benchmarks: Alternative energy. ІТ, multimediaandsecurity systems. Lighting systems. Cabling systems(ЕТР+SCS). Automation anddispatching. conditioning. Heating, engineeringandair Core competencies: Advansys works withindustrialand The technologicalcycleofthe Advansys takes specialcare ce spaces.Moreover, thecompany possessmany years ofexperience inbuildingsolar ciency. When selecting Eachtask cient ce Lenovo andothercompanies. Electronics, Mondelez,Kinstellar, LG and Procter &Gamblewarehouses; Zhytomyr ArmorVehicle Factory KWS, Dnipro Mineral Fertilizer Plant, Jaguar, andLandRover autocenters; Sport Life,McDonald’s;Bentley, BMW, Centre, Silver Breeze; PlanetaKino, Business Centre, SenatorBusiness Organic BusinessCentre, Parus SEC River Mall,OceanPlaza;Astarta • • • The clients ofAdvansys comprise functioning engineeringinfrastructure. to receive high-qualityandwell- services enablesthecustomer a range ofengineeringintegration Complexity. demonstrate signifi cantcostsavings. in thecompany's assetsthat exclusive energy-effi Innovation. employees onaregular basis. training onmoderntechnologiesto Competence. energy auditors. The staff costs duringtheoperation offacilities. ofthefi rm comprises certifi ed There are anumberof The abilitytoprovide Company provides the in concepts cient advansys.ua [email protected] +380 (44)5400334 Ukraine Kyiv 02125 1, Starosilska Str. 51 COMPANIES +380 (44) 538 13 10 +380 (66) 022 44 32 +380 (68) 597 36 07 [email protected] https://ajax.systems The Ajax's product line includes 27 devices for protection of protection for line includes 27 devices Ajax's product The ood protection, and fl safety, re and adjacent territories, fi premises the as home automation. Ajax Systems has developed as well the and Cargo, Jeweler communication protocols unique wireless alarms protection false system OS Malevich, operating real-time detection as smoke algorithms SmartDetect, Lisa and Zoe, as well has 5 patents. company The algorithm HazeFlow. Oleksandr Konotopskyi, Co-founder and CEO AJAX SYSTEMS AJAX Ajax Systems is a Europe's leading professional security systems manufacturer, founded in 2011. founded manufacturer, security systems leading professional is a Europe's Ajax Systems 850 people. employs company The in 93 countries. are represented company of the products Today, the 52 COMPANIES of the Commercial Center General Manager Angela Borisova, Complex are inprogress as well. Also,the reconstruction ofTroitskyi Residential The works ontheconstruction and Katerynoslavskyi IResidentialComplex. This year, AlefEstateiscommissioning 3 residential complexes The projects underconstruction The development ofashopping • Multi-dwelling development ofthe • Multi-dwelling development of • for Dnipro andthewholecounty. projects are unique,allbecominglandmarks 3 residential complexes.These accomplished 11 shopping centers, 5businesscenters, and To date,thecompany hasimplemented Accomplished projects 19 years, thecompany hasacquiredthetitleof#1developer intheDnipro regionofUkraine. among theleadingcompaniesinfi Alef EstatehasbeensuccessfullyoperatingontheUkrainianmarket since2001andisnow ALEF ESTATE shopping complexes. and Vasylia Chaplenka/Pastera Str. Terra (KryvyiRih),NashaPravda, of Dnipro cityanditssuburbs: complex inheavily populatedareas Complex, PrismBusinessCenter. Center ShoppingandLeisure and EntertainmentComplex,New city centerarea: MOST-city Shopping Complex. Katerynoslavskyi IResidential Enigma MultifunctionalComplex, Shopping andBusinessCenter, Multifunctional Complex,Bosporus Boulevard, CASCADE PLAZA a luxuryzone: Katerynoslavskyi U t4,Secek t. npoMUCat43,Shevchenka Str., Dnipro MUC at43,Shevchenka Str., Dnipro Katerynoslavskyi Boulevard, Dnipro Entertainment Complex. the GLAofMOST-city Shoppingand the new shoppingareas willincrease the offi business centerwillsignifi cantly expand means ofaskyway. Anew shoppingand Shopping andEntertainmentComplexby and willbeconnectedwiththeMOST-city composition ofthemulti-dwelling units will perfectly suitthearchitectural shopping andbusinesscenter, which commencing theconstructionofanew Estateis In pursuit ofthisgoal,Alef is theexpansionofabusinesscityzone. estate, oneofthecompany's focus areas This year, apartfrom residential real and BusinessCenter Perekrestok Shopping have aseparate entrance. Kotsiubynskoho Str. Eachbuildingwill intersection ofLamanaandMykhaila construction. The siteislocatedatthe are currently attheinitialstageof The new shoppingareas, Street Retail, Street Retail been initiated. Port City, locatedalongtheriver shore, has construction ofanew apartmentcomplex, eldofresidentialandcommercialrealestate.Through ce real estatearea inDnipro, while more projects todevelop in2021. Apart from that,thecompany hasmany respectively. and 3buildingsof4,13,19fl oors The complexwillcompriseaplinth prepared for launchat43,Shevchenka Str. multifunctional complexisnow being Another impressive project ofa in amulti-dwelling unitarea Multifunctional complex Dmytra Yavornytskoho Av. andPastera Str. entertainment centerattheintersection of is theconstructionofanew shoppingand Another importantevent for thewholecity in therailway stationarea Shopping andentertainmentcenter www.alef-estate.com [email protected] +380 (562)388 Ukraine Dnipro 49000 7, HlinkyStr. Alef Estate 53 COMPANIES fl oor fl nd [email protected] Antika is a member of the Ukrainian Antika is a member of the Ukrainian 12, Khreschatyk Str., 2 Str., 12, Khreschatyk Kyiv 01001 Kyiv Ukraine +380 (44) 390 09 20/21 offi www.antikalaw.com.ua Vasyl Sheretko, Vasyl Senior Associate European Bank for Reconstruction and Bank for European TACIS. Development, the and Industry, Chamber of Commerce and Industry, Chamber of Commerce Kyiv the American Chamber of Commerce Business the European in Ukraine, Chamber Association, the Canada-Ukraine of lawyers Club. The Energy of Commerce, of the Ukrainian the members are the Firm National Bar Association, the Ukrainian Bar Association, the International Bar Association. Antika's main principles are high Antika's main principles are Ukrainian are Clients of the Firm The 20 years’ experience in providing legal experience in providing 20 years’ consulting. quality and timely legal services, strict to approach and a bespoke dentiality, confi client's project. every and international companies doing and and abroad, business in Ukraine industries including in various working chemical, telecommunications, heavy, industries, subsoil and automotive food, estate and real use, complex development, media construction, wholesale and retail, services nancial and sports, banks and fi the Clients are representative The market. Ibis Group, ViDi Bavaria, AWT following: Nadra of Companies, MF Telecom, Group Association of International Ukrayny, (AsMAP), of Ukraine Carriers Automobile Henkel Ukraine, IC PERSHA, Henkel Chornomornaftogaz, Bautechnik Ukraine, Energobank, Ukrnafta, NPC Ukrenergo, Fund Deposit Guarantee The FC Dnipro, Shell, Cargill, (DGF), Cadogan Petroleum, Industrial s., Esan Eczacibasi Enesa a. Materials, Ghelamco, Heitman, Raw International Resources Imperial Tobacco, Lantmannen Axa, Imperial Group, Group International Resources Tobacco, Reform USAID Municipal Energy (The The (USAID Project). in Ukraine Project Bank, the also advises the World Firm Sergii Korniienko, Partner ovoy was ciency, ciency, and ovoy, The Firm received Legal Award Legal Award received Firm The Alexander Burt Partner Antika's team includes 15 highly- energy-saving. energy-saving. – a Firm 2012 in the nomination "Law is the Firm The of the Year". Breakthrough eld 2013 in the fi of the Legal Award Finalist of Antitrust, Litigation and Real Estate, in eld of Energy. 2014-2019 – in the fi The domestic and international professional domestic and international professional The Antika in the areas community recommends corporate of antitrust, dispute resolution, nance fi project banking law, law/M&A, estate, land law, real and capital markets, effi subsoil use, energy energy, ANTIKA LAW FIRM LAW ANTIKA named as the best lawyer in Ukraine in the in Ukraine named as the best lawyer to the International eld according fi Energy Legal 500 assessment The EMEA – 2019 Edition. of Antika Managing Partner got Kot Alexey Doctor of Law Firm, Law eld the fi in of the Year” the title “Lawyer The to the results of litigation according 2020. He was in Ukraine Best Lawyers Best Lawyer as The also recognized Legal Awards by in Competition Law and The Praktika) 2015 (Yuridicheskaya of the Best Scientist in the framework – 2017” of the Year Competition “Lawyer Association. Advocates' Ukrainian by cant signifi who have ed lawyers, qualifi elds of legal fi experience in various are of the Firm partners The practice. over have they on the market: well-known Antika Law Firm provides legal services to corporate and private clients since 2010. During this time, During this time, clients since 2010. to corporate and private legal services Firm provides Antika Law reputable by has been recognized market, in a legal advantage a competitive achieved the Firm has Europe, Global, Chambers Chambers Legal 500 EMEA, such as The and Ukrainian guides international Ukrainian Law Lawyers, and Corporate, Best IFLR1000 Financial and Infrastructure, IFLR1000 Energy in Ukraine. 100 Best Lawyers Top Choice. The Firms of Ukraine, Client Law Firms, 50 Top Alexander Burt Partner 54 COMPANIES GYMMAXX –sportsandrecreation • Sviatobor–acomfort classresidential • Boulevard ofFountains –apremium • Novopecherski Lypky –abusiness • Company’s projects today: complexity andclass. it tocreate conceptsfor aproject ofany company haslarge landassetsthat allow meters currently underconstruction.The meters already built,and550,000square ofmore than750,000square a portfolio growing development business,with City OneDevelopment isasteadily that have becomethestandardofcapitalUkraine. A pioneerintherealestatemarket inthecreationoflarge-scaleinfrastructureresidentialcomplexes implementation, construction,andmanagementofresidentialrealestateprojects for over 10years. City OneDevelopment isaninvestment anddevelopment company thathasbeenspecializinginthe CITY ONEDEVELOPMENT 20,000 square meters, off of Kyiv. The complexcovers anarea of for sportsandrecreation in thecenter complex; it’saproject ofthefuture a uniqueconnectionwithnature. buildings oftheproject andprovides is aparkarea, whichsurrounds the that more thanathird ofitsterritory concept. The complexisdesignedso building materials,servicesandgreen competitors by thehigh-level qualityof quarter, whichstandsoutfrom the Kyiv. avenue oflight-music fountains in only major150-meterlongcascade project, thecompany hascreated the living inthecitycenter. Within this benefi ts ofpeacefulcountrylife while estate clientsandprovides allthe expectations ofthepremium real model meetstherequirements and model for living–CityResort.This off class residential complex,which quarter are underconstruction. successfully. Phases6and7ofthe commissioned andare operating and UTA Tennis Academy have been Academy ofHappinessLeapKids, two schools,afi tness club,the 5 phasesofthequarter(17 buildings), heart ofthecityKyiv. Already today, the area of24hectares, locatedinthe class residential quarter, whichcovers ered themarket acompletelynew es several ers Novopecherski Lypky residential quarter, Kyiv, Ukraine THELIGHTCityResortislocatedinthe • Lipki Islandisaninnovative project • Academy ofHappinessLeapKids–an • all theimportantinfrastructure units, the project allows quicklyreaching on businessactivities. The locationof This isaproject for thepeoplefocused several business centerofKyiv, surrounded by project inKyiv. become thelargest redevelopment plant inthecapitalofUkraine andwill the territoryofformer shipbuilding area of40hectares willbebuilton modern mixed-usecomplexwithan functionally fullyself-suffi consisting ofmany quarters and Kyiv. This isareal residential island the historicalandbusinesscenterof in theCityResortformat, locatedin standards. certifi cation andecologicalconstruction meets internationalstandards ofgreen art energy-effi meter buildingfeatures state-of-the- kind inUkraine, asthis3,500square for Ukraine. This isthefi rst project ofits 2-6 years oldofacompletelynew concept innovative kindergarten for children of for peopleofallages. zones, andcreates asportsecosystem important hig cient technologies and and technologies cient hways of in. The cient. the city. multifunctional project, Kyiv, Ukraine Lipki IslandCityResort www.facebook.com/CityOneDevelopment city1development.com.ua [email protected] Fax: +380 (44)2200022 Tel.: +380(44)5280394 Ukraine Kyiv 01103 5, Drahomy and commercial areas. The project includesbothresidential hotels, conference halls,andmore. such asairports,businesscenters, rova Str. rova 55 COMPANIES an, ce Toronto, Toronto, oup, Karav eisen Bank Aval, eisen Bank Aval, Retroville, Blockbuster Retroville, South Gallery; Global UA; 1A, Sportyvna Sq. Business Center Gulliver 01001, Ukraine Kyiv +380 (44) 499 00 00 Tel.: +380 (44) 499 00 09 Fax: [email protected] www.colliers.com ce (business centers, Kyiv): ce (business centers, METRO, VARUS, Good Wine, EBRD, Good Wine, METRO, VARUS, Ceetrus Holding, Capital, ESTA Dragon Immochan), Arricano Group, (former Amtel Properties, Stolitsa Gr Ukrtelecom. DCH, ArcellorMittal, Bank, PUMB, Raiff Toronto- Ukreximbank, UniCreditBank, etc. Kyiv, Zhytomyr: Simferopol: Projects in 2020: Projects Mall. IQ Business Center, 101 Tower, Senator, Senator, 101 Tower, IQ Business Center, MERX, SP Hall, Horizon DYNASTY, Gulliver, (phases I and II), Eurasia, Leonardo Park, Premium Plaza, Ihorivskyi, Prime, Podol Offi Horizon Faringeit, Protasov, Center, Park Forum Business City, Forum Towers, Side, West Satellit, Forum Plaza, Forum Capital, Mikom Park, Victoria Forum Breeze, Plaza, Silver Europe Palace, Podil Eleven, Astarta, IRVA, Illynsky, Heritage, Rialto, OB at 3/5 Desyatinny lane, OB at 22-24 Gogolivska Str. AND OUR CLIENTS IN VALUATION SERVICES: ADVISORY ATB, Coca-Cola, ОSCЕ, UN, VS Energy, • Alfa- Oschadbank, NBU, PrivatBank, • of service excellence, a culture Through have we sense of initiative, and a shared estate of real the resources integrated your to accelerate specialists worldwide success in Ukraine! • • • Offi Mandarin Plaza, ravan, City Mall; Sun Gallery, Victory Plaza; Victory Sun Gallery, City Center; Luhansk City Center; Dafi , Frantsuzskyi Boulevard, Boulevard, , Frantsuzskyi Dafi Passage, Babylon, Dafi ; Dafi Babylon, Passage, Fontan Sky, Panorama, Riviera Riviera Panorama, Sky, Fontan River Mall, Gulliver, Globus, Mall, Gulliver, River Forum Lviv, King Cross Leopolis, King Cross Lviv, Forum ce Agency – over 240 deals of total ce Agency – over area above 455,000 sqm above area 530,000 sqm above area 238,000 sqm above total area assets valued about 16 million sqm about $310 million volume 2010-2016 Real Estate Brands, Professionals): Outsourcing 100: Тop Leaders References Customer 100: Top Innovation 100: Top Kyiv: SKY MALL, Ka AVE Plaza; AVE Mykolayiv: Kryvyi Rih: Piramida, Magelan, Livoberezhnyi, Magelan, Livoberezhnyi, Piramida, Blockbuster, Alta Center, 4Room, RayON, Gorodok, Aladdin, Ukraina, Prospekt, Art Mall; Shopping City; Dnipro: Kharkiv: Victoria Gardens; Victoria Odesa: Luhansk: Zaporizhzhya: Lviv: • Retail Agency – over 1,200 deals of total 1,200 deals of • Retail Agency – over Agency – completed deals of Industrial • Services – $11 billion of Valuation • • of projects Advisory Services – total area Services – transaction Investment • AND RECOGNITION: AWARDS Commercial • in TOP-25 Company: Lipsey The (International Association of IAOP • Global Outsourcing Best of The – 2019 The Global Outsourcing Best of The – 2019 The Global Outsourcing Best of The – 2019 The 100: Global Outsourcing – 2006-2017 The Advisors Best Outsourcing World’s COMPLETED PROJECTS: SUCCESSFULLY Retail: • • • • • • Industrial/Logistics • Mixed-Use 12 YEARS: THE PAST OVER RESULTS • Offi • • • • enue $3.5B liates Established in 68 countries Comprised of 18,000+ Managing 186 million sqm professionals 70,000 Lease/sale transactions Annual rev ce – Landlord Representation – Landlord Representation – Tenant and includes affi • Corporate • Corporate Solutions Services • Investment Services • Valuation • Advisory Services Building Advisory Green • OF COMMERCIAL CORE SECTORS REAL ESTATE: • Offi • Retail • Hotel CORE SERVICES: and Agency: Brokerage • Colliers International provides a full range of a full range International provides Colliers developers estate occupiers, services to real on a local, national and and investors international basis. Colliers International since 1997 and Ukraine in Kyiv, operates holds a leading position on the market. All statistics are for 2019, are in U.S. dollars Alexandr Nosachenko, Alexandr Nosachenko, Managing Director Colliers International is among TOP-3 leading commercial real estate services commercial real leading is among TOP-3 International Colliers in 68 countries. working 18,000 professionals with over in the world companies COLLIERS INTERNATIONAL COLLIERS 56 COMPANIES Vadym Petrochenko, Founder 300,000+ м 650+ $5,000,000+ • innovative approach tofi fullpackage ofservices; • nding • operative approach; • experienced trustandreputation; team; • providing betterservice. to businessdevelopment ofaclientby commercial properties thatcontribute production capacities. great experience,stableteamandown within thetermsestablishedduetoour of any complexityinagoodmannerand over 16years. We implementprojects Group, operating atthemarket Partner Ukraine, Europe andtheCIScountries. HoReCa andentertainmentservicesin and furthermaintenance.Itrenders retail, works andendingwithcommissioning starting from designingandbuilding range ofbuildingandrenovation works, Commercial Constructionprovides afull contractor! Successful businessstartswithareliable COMMERCIAL CONSTRUCTION solutions; Our advantages: Our mission.We work tocreate better The company isamemberof successfulprojects 2 ofspacesbuilt saved for ourclients SMKi eatetSoe yvMcDonald’sfast food restaurant, Kyiv TSUM Kyiv Department Store, Kyiv Vapiano restaurant, Kyiv raise ourstandards responsibility for allitswords andactions. in goodfaith. Ourcompany bears skills for future success. specialists; ouremployees • post-warranty guarantee ofquality; support. • installation ofengineering systems; • • total renovation; • restoration works; • reconstruction; • construction; • engineering supervision; • designer supervision; • engineering; • architecture; • design; managers ofyour project. we understand therole thatwe play as of services. performance, focusing onthehighquality Perfection. We always continueto Integrity. We conductourbusiness People. We employ thebest Our core values: Our services: Strategic management.Eachday and imp improve rove their our Miele ExperienceCenter, Kyiv Cyprus, UKRGASBANK andmany others. institutions Alfa BankUkraine, Bankof KREDENS CAFE, etc.,andreliable banking restaurants McDonald's,Vapiano, Mango, Guess,Bebe,Dior, etc.,famous Systems, etc.,populartrade brands Samsung, Colgate,Danone,JLL,EPAM international companiessuchas • approval. • permission documentation; • post-warranty support; assemblageoffurniture, equipment • installationofglassandaluminum • commercial-construction.in.ua offi +380 (44)3336263 +380 (67)9042791 Ukraine Kyiv 03124 7, Mykoly Vasylenka Str. Among ourclients and salefacilities; structures, sunprotection systems; [email protected] there are 57 COMPANIES Any transportation is like an equation: an equation: is like transportation Any +380 (44) 333 32 28 +380 (95) 099 59 55 [email protected] www.corcelgroup.com tronko.pl www. for which you need a truck with side which you for Or of racks. loading with the removal the Netherlands, from high-quality paints of dangerous under the category which fall a truck with a permit goods, which require driver. and a specially trained know solution, and we has its own to come to it! how well perfectly erences erences er among Most often we are talking about are Most often we for building materials are so signifi cant cant so signifi are building materials for rules for no uniform are there that or storage warehouse transportation, customs clearance. us, the And for road. by transportation of a cargo of the transportation features Italian tiles Be it expensive obvious. are or transportation, need careful that the Czech Republic, sandwich panels from work at any site where construction is site where any at work the ideal to achieve carried out. In order a smooth and uninterrupted of supply, level logistic a reliable of materials, delivery partner is needed. An experienced approaches competently specialist always After the solution of a logistical problem. cannot be attributed all, building materials of goods, since to one certain category diff cantly can signifi they dimensions, and in weight, themselves diff The technical characteristics. ces in three countries. ectively ectively become not just a carrier, become not just a carrier, Each request or project has a special or project Each request are we that know Our customers exibility speed and fl In our work, Flexible logistics solutions are Flexible logistics solutions are From the very fi rst day of foundation, of foundation, day rst fi the very From we strove to our – to provide but a logistics operator with the most complete range customers is Group Corcel of logistics services. Today customs agency and company, a transport and Spain. Poland in Ukraine, warehouses both with large work us. We for value of 15-25 trucks with volumes customers, and with small ones – 1-2 palletsper week, to them. equal attention paying per month, a are we cargo, not just delivering and builds partner who goes forward on honesty and openness. relationships quality important how understand We is service is. Each client and comfortable in who is always assigned an employee issue. any touch and will help resolve situations unforeseen in solving any All our employees important. very are who are experienced professionals are with the focus selected in accordance us to cope eff allows This area. Hanna Khaustova, CEO Hanna Khaustova, tasks. with diverse construction The industry. in any important delivered is no exception. Untimely sphere building materials – and equipment cargo, in most often it leads to loss or decrease as to the suspension of ts, as well profi Corcel is one of the leading freight transport companies. Corcel began working Corcel began working transport companies. of the leading freight Corcel is one one truck into with a company from grown since that time it has in 2008, and with offi of companies a group CORCEL 58 CP COMMUNICATION AGENCY CP COMMUNICATION AGENCY is a part of the Commercial Property media holding that has over 10-year history. The media holding includes leading printed and online media, numerous signifi cant B2B events. COMPANIES

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+380 (96) 394 17 42 [email protected] [email protected] 59 COMPANIES ce 16 ce ravelers' hub, ravelers' Kyiv 01030 Kyiv Ukraine 00 +380 (44) 200 77 Tel.: 01 +380 (44) 200 77 Fax: www.deol-partners.com 4, Lypynskoho Str., offi Str., 4, Lypynskoho Globe Runner t Ukraine Kyiv, Maidan apart-hotel, Senator Ukraine Kyiv, Ukraine Design Hotel, Kyiv, 11 Mirrors er our er ravel Awards ravel community and review community and review ravel At DEOL Partners, we are open are we At DEOL Partners, Since its launch, 11 Mirrors Design Since its launch, 11 Mirrors T In 2015-2019, World Maryna Leo, at DEOL Partners, Partner Design Hotel CEO of 11 Mirrors and Senator Hotels and Apartments honored 11 honored with the title of Mirrors Leading Boutique Hotel and Ukraine's as Square Victory Senator recognized Leading Service Apartments. Ukraine’s with projects ideas and joint to new – within and business owners investors and As a developer Ukraine. and beyond off of successful hotels, we operator in background expertise, vast operational as well table niche products building profi services to management as professional and maximize guest satisfaction generate property. for on investment return DEOL the Eastern Europe won Partners as Property Award Project Real Estate of the Year, Company Management and to EuropaProperty.com according URE Club. among Kyiv’s first Hotel has been ranking hotels on TripAdvisor.com, and Ukraine’s the global t Maidan occupies while Senator website, Also, the second position in its segment. Maidan entered and Senator 11 Mirrors since both Hall of Fame TripAdvisor’s cate had been earning the Certifi properties in a row. years ve fi of Excellence for

The Company’s investment and investment Company’s The chain of fully furnished first Ukraine’s and serviced apart-hotels; and Eastern European in Ukraine part of Design Hotels™ countries, collection; unites hotel hub that central trendiest and dorms apartments, family rooms, heart of Kyiv; in the very complex (a long-term development in Boryspil International project Airport). along with the projects DEOL Partners DEOL Partners is a leading Ukrainian hotel developer and operator committed to providing investors, investors, providing committed to and operator hotel developer is a leading Ukrainian DEOL Partners on the solutions based tenants with straightforward and landowners partners, co-development of experience. decades than two and more knowledge, market in-depth local and global Company's Ruslan Oleksenko, Partner and Managing Founder at DEOL Partners DEOL Partners’ core businesses are businesses are core DEOL Partners’ management, investment estate real and construction, operation development estate real of hotels and other commercial experience coupled services. Our extensive and with our unique business approach technologies helps us deliver know-how who we solutions to our clients, the right work we Together as our partners. regard results. excellent achieving towards include: projects development • – Hotels and Apartments Senator • design hotel – the first 11 Mirrors • Globe Runner – the biggest and • Airport City – a multifunctional Kiev real by is highly recognized it develops In 2018 and 2019, professionals. estate DEOL PARTNERS DEOL 60 COMPANIES right vector ofdevelopment at thevery early fi nancial analysis. We helptochoosethe and uptoarchitectural conceptdesignand projects startingwithmarketing analysis services for theconceptdevelopment ofretail general contractor. a core designdevelopment teamandasa a partneroftheproject onfurtherstagesas result ofourwork. We are ready toactas services, we take responsibility for the Eff the work produced by ourlocalteam. final costoftheproject by delivering partof with European architects, we reduce the Project CostReduction. architectural companiestoourprojects. the opportunitytoattract leadingglobal the foreign partnernetwork, we have International Experience. of the project anditsreal needs. according tothescaleandcomplexity by inviting onlythenecessaryspecialists, Smart Management. sqm orasashare inthebusiness. and receive upto50%ofthepayment in share therisksandbecomeco-investors Flexible Partnership. The mainadvantages ofworking withus and theendconsumerdonotcompetewitheachotherbutcomplementstrengthenoneanother. and residential realestatedesign.We develop projects in which theinterestsofbusiness We arearchitects,engineers, urbanistsanddesigners withinternationalexperience incommercial Design HubInternationalisateamofexperts increatingeffi DESIGN HUBINTERNATIONAL Founder, ChiefArchitect Andrey Yatsentuk, ective Consulting. Our company provides consulting Our company provides consulting We are willingto We reduce ourcosts Providing consulting When working Thanks to Adaptation andconceptdevelopment • Architectural conceptsandvisualization • includes andnotlimitedto: The scopeofservicesthecompany Park InnHotelredevelopment. as SKYMALLnew extension,Retroville and portfolio includessuchlandmarkprojects Plaza, ArmadaPlazaandmany others. DHI’s Blockbuster Mall,OceanAlexander Kyiv Central DepartmentStore, Lavina Mall, various scaleandprogrammatic conditions. Ukrainian, CISandinternationalmarkets of 10 years hehasbeenworking onprojects in University (Australia). For over Deakin Yatsentuk, graduated from Andrey receive maximumprofit. our clientstoreduce costsinthefuture and stage ofadevelopment project, whichallows EXPOBEL shoppingcentre, 2 Minsk, Belarus Kyiv, Ukraine Retroville shoppingcentre, market requirements. consultants according tothelocal in collaboration withinternational of theprojects. Among thefounder's personal portfolio: The founder ofthecompany, nd cient architectural solutions. phase, • Building consultancy at all stages of Building consultancyatallstagesof • Acquisition, procurement support,and • Interior designofresidential and • Construction works asageneral • Landscapingandurbandesign. • Best-use analysisandmasterplanning, • Master • Engineeringconceptdevelopment. planning. • Dubai, UAE AL MaktoumInternational Airport, Kyiv, Ukraine Multifunctional residential complex, www.dhi-architecture.com [email protected] +380 (44)3794895 Ukraine Kyiv 01001 18V, Mykhailivska Str. the project development. design supervision. commercial facilities. contractor. development feasibility studies. 61 COMPANIES eld ective, ective, fl . th ering eff ering 3, Sportyvna Sq., 4 01023, Ukraine Kyiv +380 (44) 339 90 09 [email protected] enso.ua in the center of the capital. A business- busy people who for class project Inside the their time and privacy. value is buildings there perimeter of residential internal a special space with developed to the project, According infrastructure. beautiful views will have most terraces space of the territory and all available will be landscaped. Also within walking National Botanical distance is the Gryshko Garden. erent, it is a erent, lls the space with meaning, off lls the space is a project for those who for is a project is a cascade of apartments eld. ENSO fi eld. ENSO DIADANS FJØRD Alexander Pushkin next to the complex, source which will become a natural Unusual architectural of inspiration. with solutions of the quarter harmonize the landscape, emphasizing its natural those who are is for POETICA beauty. a harmonious combination of looking for and closeness to nature. comfort its feel in the heart of a big city, to live want It is and be at the center of events. rhythm of connoisseurs a business class house for and coziness, with a closed guardedcomfort the security of the inhabitants. for courtyard of the object is created architecture The to the principles of philosophy, according which is based on elegance and natural harmonious balance with the environment. no one indiff that will leave and coziness kind of "oasis" of comfort er to the is a large-scale residential residential is a large-scale ojects underway in 2020 ojects underway creates fundamentally new, fundamentally new, creates ENSO pr POETICA The company fi lls each project with lls each project fi company The The company philosophy company The ENSO balanced solutions that take care of the customer and the look of the capital. and the look care of the customer that take balanced solutions client, as well as thoughtful integration client, as well of and infrastructure into the appearance the city. a sense and an idea that will inspire people to come back to their home again with there work relax, and again, to live, pleasure. located on Dehtiarivska in Kyiv, project project The along Pushkin Park. Street, of the territory, the revitalization envisages to meet of the infrastructure arrangement name The the needs of the residents. is a chance: there chosen not by was park named after the poet picturesque FJØRD residential complex, Kyiv, Ukraine complex, Kyiv, residential FJØRD estate real in the Ukrainian niche projects based on an equally are They market. off technological and rational Ukraine Kyiv, complex, residential POETICA DIADANS residential complex, Kyiv, Ukraine complex, Kyiv, residential DIADANS Ukraine complex, Kyiv, residential POETICA ENSO ENSO is a holding focusing on development, construction and management of projects in the fi of projects and management construction on development, holding focusing ENSO is a company development Ukrainian real estate estate. ENSO is a and commercial real of residential people with of like-minded group a by created was company The in August 2017. Kyiv in founded fi in the construction experience extensive 62 COMPANIES suitable for TVfi lming. on television, becausethey are perfectly Moreover, ourscreens are actively used festivals, andsmallcorporate events. and thePalace ofSports, large openair large sites,like theKyiv’s Palace Ukraine complexity. We regularly work bothon provide screens toevents ofany level and installation andsetupperfectly. We and know allthedetailsofequipment of work experienceinourcompany and technicianshave more than10 years experience andteam.Professional VJs can beexpressed in2words only: in ourwork? The answer tothisquestion the excellent value price-qualitytrade-off will beonthehighestlevel. complexity, besure: technical support Independently ontheevent nature and involving theapp light, audio,videoandstageequipment, will provide you withalltherequired to theright placeaswell. Expomedia maintenance oftheevent, you came you needthecomprehensive technical will give you thispossibility. H to rent ascreen, ofcourse, ourcompany and saleofLEDscreens. done. be sure that ourteamwillgetthethings small company partyofalarge festival – providing screens for various events. A accumulated theinvaluable experiencein Over thelongtimeofitswork, Expomedia accumulated thetremendousexperience bothinUkraineandforeign countries. Being presentontheLEDscreenmarket for over 16years, Expomedia EXPOMEDIA Yurii Trofymov, Director So how didwe managetoachieve The company has2directions: rent roved partners. Ifyou justwant owever, if owever, if in onedirection, that is,screens. Every contact us.We specialize anddevelop your reliable partner. probably that ourcompany willbecome store orashoppingcenter, it’shighly screens aswell. Soifyou own asalon, billboards, andLEDsigns.We off order mediafacades, advertising stands, to thistask.InExpomedia,you caneasily screens, andwe are maximallycommitted is sale,installation andmaintenance of viewing level ofcomfort. distance to1-2meters. This increases the which allow reducing theobservation customers specialscreens withfi ne bits, stands andconferences we off attention to.For example,for exhibition has certainfeatures that shouldbepaid Every enterprise is welcome to The seconddirection ofourcompany Every order isuniquefor us,andit er indoor e our er of LEDscreens. conditions toany customerinthefield We offer individualpartnership field, withoutscattering theattentions. day, we doourbesttodevelop inthis expomedia.com.ua [email protected] +380 (44)5023987 Ukraine Kyiv 03190 84А, Peremohy Av. LED screens are Expomedia. 63 COMPANIES is the company that is the company ce; there is enough places there ce; FORUM routine. deadlines and work 7, Okhtyrskyi lane Okhtyrskyi 7, 03022 Kyiv Ukraine +380 (44) 500 00 05 [email protected] www.forumgroup.ua I don`t know how Forum does it, but Forum how I don`t know In short, FORUM – IT`S ABOUT PEOPLE, ABOUT SERVICE, PRODUCTIVITY AND COMFORT. and open-minded. They are ready to help to help ready are They and open-minded. 450 super are need it. There time you any about care who there, working heroes round-the- and coziness order security, team Forum The day. clock and every meetings with provides also regularly companies top management of tenant arranges Talks, Forum and HRs, organizes events educational and entertainment There and joins charity initiatives. a friend or family are you like feel you member. all necessary services. There have they to can use Shuttle Busses which you are get to the offi don`t bicycles. If you for parking, even for winter tires your at home for room have them at the a space to leave even there`s event It`s cool that Forum business center. of and festivals fairs arrange managers can take You Forum. Foodie food street mind off your necessary is close: In addition, everything shops. tire cafes, mini marts, banks, ATMs, Awesome! business any an opportunity for gives comfortable and provides to develop it. In its business centers for environment and create to work want always you overtime! It`s easy to work something new. to free so feel and safe, It`s comfortable up all night. stay ce ces business ee points FORUM Видубичі aisen Bank Aval, Alfa- aisen Bank Aval, ee and cafes where you you where ee and cafes M вул.Пирогівський шлях, 34 вул.Пирогівський Forum Lagerhaus Кловська Forum Terminal Forum Terminal вул. Столичне шосе, 100 Столичне вул. is not just a network of business of business is not just a network M Університет Тараса Шевченка Тараса Forum employees are always friendly friendly always are employees Forum You can trust Forum. In 18 years of In 18 years can trust Forum. You Лук'янівська Почайна ce. On the business center site there center site there ce. On the business M M вул. Пимоненка, 13 Пимоненка, вул. Business City Business of more than 500 companies. Forum than 500 companies. Forum of more Ericsson, UBER, Xerox, chosen by: was Puma, Raiff Acer, SHERP, TRC «Ukraina», Bank, Panasonic, LAB, Hegelmann, FRAG Ukraine, Farmasi ІЛТА, Arista LifeScience, ZTE, ControlPay, Admitad, Astellas Pharma, Gorenje, Chumak, Regus. centers. And I want to tell you why Forum Forum why to tell you And I want centers. is cool. FORUM bigger. It`s something in Kyiv. centers work comfortable nd a can fi you There you. nothing will disturb space, where it`s a classic offi it seems like rst At fi will you enter, building, but as soon as you interior in It has a modern be impressed. coff a lot of plants, nice colors, coff with perfect is near the lunch. Everything can have offi a can have you where barbeque zones, are BBQ party with colleagues. It`s a nice idea are teambuilding. It`s cool that there for classes and sport clubs, sometimes it yoga stress. can help to overcome really has built 14 business this company work and successfully lead them. In centers offi are there business centers Forum Hi, my name is Oleksandra! name is Hi, my the in one of I work M Park Plaza Park M M пр. Степана Бандери, 9 пр. Степана Бандери, Forum Infinity Forum Infinity вул. Саксаганського, 53/80 53/80 Саксаганського, вул. Forum Kinetic пр. Куренівський, 12 пр. Куренівський, вул. Амурська, 6 Амурська, вул. City Garden пр. Охтирський, 7 Victoria Park Victoria Park Forum B7 7 Брюллова, вул. Васильківська вул. Олени Теліги, 6 Теліги, Олени вул. West Side Side West Дорогожичі M Park Tower Tower Park вул. Парково-Сирецька, 7А Парково-Сирецька, вул. вул. Героїв Космосу, 4 Космосу, Героїв вул. Forum Satellite M Житомирська Iryna Shkolnyk – Idea Leader Iryna Shkolnyk – Leader of FORUM Olena Mushchenko Map of FORUM`s business centers Infi nity business center Infi 10 minutes Str., (53/80, Saksahanskoho station) Sq. metro to Lva Tolstoho walk City Garden business center (6, Amurska Str., Str., business center (6, Amurska City Garden station) metro to Vasylkivska 5 minutes walk FORUM 64 COMPANIES enable us to bring all kinds of clients’ ideas enable ustobringall kindsofclients’ ideas professional teamand vast experience A perfectly balancedwork system,a services, products, benefi Batch andcustomized manufacturing: aesthetics. honest philosophy andcomprehensible –thisiswhat makes Hardkea’s lity geometry anduncompromising qua- more andmore relevant lately. friendliness, whichhasbeengetting privilege oftheproduct isitseco- effi containing thecomponents withhighly Hardkea concrete isaconglomerate more solidmanufacturing position. ideas andmaterial whilstestablishinga prevalence andsometimetotesthis Consequently itgave himcompetition concrete insuchanextraordinary way. furniture whenanyone would hardly use with theideaofmakingconcrete brand Ikea. most famous andwidespread furniture and thesecondoneisareference tothe English “hard” meaningtoughandfi rm, two parts.The fi rst onecomesfrom the The nameofthecompany consistsof BRAND HISTORY ANDPHILOSOPHY with metalandwood elements.Foundedin2017by Kyrylo Kupin inKyiv. Hardkea isacompany, manufacturing furnitureandinteriordesignitemsmadeofconcrete HARDKEA cient technicalproperties. Another Organic materials, minimalistic At themoment it'ssafe tosay that The company founder cameup ts Our designs for co-workings, banks,hotels,etc. arranging private andcommercial interior possible timeframes. facilities, whichinitsturnprovides shortest concrete withinourown manufacturing a chancetoproduce bothmetalwork and and aspray boothat ourdisposalgives us to life. Moreover, having awelding shop Moscow. Nevertheless, itisabsolutely sites are openintwo cities:Kyiv and at 2tons. 5-meter longreception deskweighing in and serious molds andfi nishing withwalls, ceilings unexpected orders, startingfrom minor do. We’re ready toperform themost manufacturing isnottheonlythingwe furniture andinterior designitems • • • • • • • in thefollowing categories: Our • • • batch products We have profound experiencein At themoment ourmanufacturing It’s important tomention that batch equipment. smart furniture withbuilt-in electrical cladding panels; coff desks anddiningtables; sinks; tabletops; cachepots; private housesandapartment owners. commercial real estate owners; architects andinterior designers; clients ee tables; are: wow-solutions, such asa are currently introduced paradigms topeople. aesthetic andfunctionalimplementation side ofconcrete by demonstrating itsnew a biggerrange ofcountries. possible todeliver afi nished product to Kyrylo Kupin, Founder [email protected] +380 (50)9260074 Ukraine Kyiv 02152 15A, Berezniakivska Str. Our missionisto reveal adiff erent 65 COMPANIES erent scale and erent [email protected] 5/1A, Triohsviatytelska Str. 5/1A, Triohsviatytelska 01001 Kyiv Ukraine +380 (44) 38 44 000 +380 (94) 92 91 000 +380 (63) 143 13 16 offi kybua.com Any project can be realized on can be realized project Any centers, recreational camps, business recreational centers, hotels, and diff centers, a full provide We complexity projects. design engineer services of general range ideas. to implement your one condition: if it is implemented by with By cooperating professionals. dence in KYB Architects, choose confi you the high-quality result. TASHKENT CITY elite residential district, CITY elite residential TASHKENT Uzbekistan Tashkent, a wonderful wish: on an ers architectural architectural ers owever, owever, er solutions that go rever you cient fulfi llment and on- cient fulfi er you a project that meets all a project er you Any idea deserves to be implemented – to be implemented – idea deserves Any cient ways. Our projects inspire and inspire Our projects cient ways. GREAT residential complex, residential GREAT Ukraine Kyiv, Dibrova Park residential complex, residential Park Dibrova Ukraine Kyiv, for the subsequent work of architects and of architects the subsequent work for Our principal goal is the creation designers. the idea to object from of an architectural its implementation. H idea without effi site supervision is meaningless and vain. of KYB Architects’ the formula is why That component is a creative successful work Due to such professionalism. multiplied by off we an approach, design criteria. the standard beyond to be implemented Ideas deserve ideas, us with various address Customers including challenging and those which sight. We rst at fi impossible to realize, are of the a reality to make nd ways fi always customer’s vision, selecting maximally effi opinion. Are in our customers’ motivate, level the world to develop dreaming you complex? Whe in a countryside – island, in a metropolis, will off we ambitions. your to the development entrust the project deals with KYB Architects professionals. and mixed-use the design of residential complexes, shopping and entertainment We start every project from from project start every We One step from a thought to an action One step from one just need to take Sometimes you In future. dream your step towards be contacting case, this step may your KYB because our specialists Architects, principles in work: with three governed are approach, customer’s wish, innovative believe and individuality of solutions. We architectural of creative in the power issues of any thought – it helps to solve of complexity. level a basis a concept that forms developing Design as confi dent access Design as confi to a perfect future that each building is knows KYB Architects ooring, fl framework, not just about walls, turn, it is the history rst and design. In the fi and tell someone. through to live want you which you, for a project will develop We sharing your like feel you might make of it. Otherwise, what is the impressions without point of building besides yourself, an architectural will create We inspiration? life that will enrich your you solution for sides of comfort. with new Our specialists are creative personalities personalities creative Our specialists are an to provide the desire united by team has ingenious and unique space. The design experience. than a 10-year more study constantly: develop Besides, we and needs on the architectural trends new us implementing It allows market. apace with time and solutions that keep run ahead of it. even Oleksii Kutsalo and Oleksandr Bilotskyi, Oleksii Kutsalo and Founders Directors KYB ARCHITECTS KYB Any ideas appear in the right place. KYB Architects off in the right place. ideas appear Any you. special for design that will become solutions and 66 COMPANIES staff Our project offi More aboutuswww.liter-integration.com. • dispatch centerfor DTEK the BoryspilInternationalairport • project ofanintelligent system • thevideosurveillance andanalytics • conference hallUNIT.Verse incampus • theintegrated securitysystemfor the • Our projects are thebestway tolearnus: customer requirements andexpectations. needs, flexiblyandproactively respond to studying andunderstanding alltheir uniqueness andimportanceofeachclient, are partnership, understanding the unique andcomplexprojects. Ourvalues modern technologyallow ustoimplement systems, solutionsfor educationandsolutionsfor managingcomplex infrastructure. surveillance, systemsfor analysisofvideoinformation, dispatchcenters, collective interaction have an uniqueexperience inprojects ofimplementationintegratedsecuritysystems,video Leater Integrationboasts28years ofsuccessfulwork inthesystemintegrationfield.We LEATER INTEGRATION Mykola Zhandorov, CEO , professional management,and others. Dniprooblenergo (Dnipro), andmany region); public address system(Boryspil,Kyiv Mariupil city; for infrastructure managementfor Ukraine; system for theArmedForces of (Kyiv); B12 atUNIT.City innovation park National BankofUkraine (Kyiv); ce, experienced engineering (UNIT.City innovation park),Kyiv, Ukraine UNIT.Verse conference hallinB12businesscampus Ukraine Dispatch center for Kyivdorservis, Kyiv, the National BankofUkraine, Kyiv Integrated securitysystemfor Kyiv, Ukraine Dispatch center for Ukrtransgaz, international airport,Kyiv region, Ukraine Public address systemat Boryspil [email protected] +380 (44)5021019 Ukraine Kyiv 03680 7, M.Vasylenka Str. Helios BC 67 COMPANIES the YUDIN Design studio ee by Interior of ONE LOVE coff of ONE LOVE Interior houses as in private ces, as well Every new project, drawing and as-built drawing enables and as-built drawing drawing project, new Every design the French exhibited at were design products Levantin The Studio has already implemented 2,000 units of its own 2,000 units of its own implemented Studio has already The with other in association as designed 20 projects as well range, Studio's developments period. The within its operation brands hotels, restaurants, of modern cafes, can be met in the interiors offi spaces, company coworking furniture, wooden can include handicraft This and apartments. components, metal decorative high-tech luminaries, accent and the Italian brand door handles for collections of mirrors, other examples of industrial design. applied skills and aesthetic and more more us to accumulate with new acquaintances excellent experience, and make us the opportunity to provides workers, and handicraft customers year. every something new and create and upward onward move exhibitions, in furniture participants frequent are in Paris, week publications published in core are design competitions, they as in almost all parts of Ukraine, gained their owners and have Britain, Italy, Great Hungary, as of Belarus, Russia, Poland, well Switzerland, USA, Canada, Germany, Spain, Belgium, France, and Singapore. Australia, Serhii Lvov and Oleksandr Lvov, and Oleksandr Lvov, Serhii Lvov Founders Levantin design studio was established by brothers Serhii Lvov and Oleksandr Lvov in 2012 in 2012 Lvov and Oleksandr Serhii Lvov brothers by established studio was design Levantin as well brand furnishing, of the author's own the manufacture cover activities Their in Kharkiv. international manufacturers. Ukrainian and for of object design as the elaboration LEVANTIN DESIGN DESIGN LEVANTIN 68 COMPANIES Maryna Diachenko, CEO as indoor sunprotection systemsandtextiles. position intheUkrainianmarket for theproduction ofterraceandfacade systems,aswell market. The company was founded inAugust1995.Nowadays, MANEZHholdstheleading MANEZH isthemanufacturer anddeveloper ofsunprotection systemsintheUkrainian Banks:Oschadbank, BankVostok, • Gasstationnetworks: WOG,OKKO, • Our key customers are: we conducttrainings for ourpartners • we are inthetrend ofenvironmental • we work allover Ukraine andabroad; • • safety licensefor therighttoperform • calculationofenergy effi • work in3Dprograms; • • visualization; • post-warranty service; • installation supervision; • installation; • consultations, measurements; • service lineoftypicalterrace solutionsLITE; team: • lineofM-Oceanpergolas; • developer oftheown solutions: • we have beenimplementingKAIZEN • Ukrainian manufacturer (ISO9001- • MANEZH today is: MANEZH PrivatBank. Bank Credit Dnipro, Universal Bank, Glusko, SOCAR. corporate culture. personnel management,sales, about product, KAIZEN principles, turquoise organizations; friendliness, energy effi outdoor andhigh-altitudework; system for 12years; 2015; CE); approvals; ciency, and ciency; And we are ready toopenitfor you... We create ourown world −it'sspecial... We are more than ourproduct... We love whatwe create. Architectural studios:JKLab • ITcompanies:Сiklum,SoftServe, • • Restaurants: Citronelle, Cardealerships: BMW, Volkswagen, • • Development companies: MANEZH offi M.Ocean Linepergola Architects, SBMStudio. Lab, balbekbureau, Sergey Makhno Architects, YoDezeen, YOD Design MacPaw, Wargaming. MAMAN, M1ClubHotel. Veranda ontheriver, Mr. ZUMA, Argentina Grill, JZL,This isPivbar, Mercedes-Benz, Renault. KADORR Group. SAGA Development, AlefEstate, KAN Development, UDP, eMANEZH production facility ce +380 (50)4144071 Ukraine Cherkasy 18028 146, ZalizniakaStr. +380 (50)4475099 Ukraine Kyiv 03031 101, Stolychne Highway Domosfera ShoppingMall 69 COMPANIES ce 511 ce 77, Sichovyh Striltsiv Str., offi Str., Striltsiv Sichovyh 77, 04053 Kyiv Ukraine +380 (44) 290 43 59 +380 (67) 329 85 29 [email protected] www.mcl.kiev.ua language of professionals, weightings were were weightings language of professionals, the assessment categories of for approved to BREEAM. buildings according residential toed according buildings certifi rst fi The Construction 2016 will be inBREEAM New half of 2020! rst in the fi Ukraine The main purpose of the certifi cation main purpose of the certifi The group In 2019, the MCL working of 6 projects: two residential buildings, a residential two of 6 projects: industrial plants, andshopping mall, two business park. an innovative internationaland obtaining a prestigious on the is to position the project cate certifi as an object of high estate market real and quality of implementation,standard of the the reduction which represents impact of buildings on thenegative and optimization of their environment costs. operating with BRE Global,in close collaboration of the BREEAMthe author and operator ed identifi ecological building standard, the Ukrainian and priorities for areas construction industry in the context of Speaking in the sustainable development. Auchan Rive Gauche shopping mall, Rive Auchan Ukraine Kyiv, UNIT.Home residential building, Kyiv, Ukraine building, Kyiv, residential UNIT.Home the quality of a rove cient lighting and equipment, MCL is a licensed assessor of green square meter, comply with the European meter, square green including through requirements, cation. construction certifi building construction and “healthy with BREEAM,buildings” in accordance company The LEED and WELL standards. of with 15 years licensed assessors has two cation of commercial experience in the certifi of presence estate. The real and residential the simultaneous allows assessors two the objects. Now cation of several certifi cation specialists carry out certifi company’s but also to imp Modern trends in the economy and rational in the economy Modern trends and lead more resources use of natural not only to comply with developers more install meters, construction standards, energy-effi DIADANS residential building, residential DIADANS Ukraine Kyiv, Mykola Gerasymenko, Gerasymenko, Mykola and CEO Founder MCL provides ecological and engineering services. Under ecology, MCL means not only the MCL means ecology, services. Under and engineering ecological MCL provides ecology – use”, but also the traditional – subsoil – waste in Ukraine a set of “air well-known the company of References and green construction. energy of renewable promotion surveys, and in Europe market in the real estate players large national both from can be obtained green companies. the leading from MCL 70 COMPANIES • Broker activitiesinthefi• Furnishinganddecoration ofpremises. eld of • Installation ofglasspanels. • Constructionandrepairs. • Installationandadaptationofutility • Project concept anddesign. • our mainresponsibility.” convenient utilization,asthefi nal result is of thecompleteproperty ready to from engineeringdesigntocommissioning off We of constructionproject implementation. but aimatimproving theentire process we donotjustfulfi ll thetaskuncritically diff mercial property projects. Today, what implementation ofcomprehensive com- and achievements inconstructionand into eff partner OleksiyMykhailov decided tocarry a company was bornwhenIandmy MG Management And thisisonlythebeginning! are diff has implementedover 30projects that methods, injust4years, ourcompany and applicationofmodernmanagement to ourexperienceinthemanagement commercial property construction.Due with great expertiseinthemarket of Our teamconsistsofambitiousspecialists Director Mykhailo Heymor, that off MG Management,founded in2016,isaUkrainianBTS(built-to-suit) company MG MANAGEMENT erentiates usfrom theothers isthat commercial property lease. connections. MG Management’sservices: Mykhailo Heymor, Director of er comprehensive solutions ranging erent by theirscaleandcomplexity. ect ourmany years ofexperience ers full-cycle servicesincommercialconstruction. : “The ideatoestablish A careful approach tothefulfi llment • Asystem for selecting materialsand • • Compliance withinternational Competentapproach: assessinggoals • Ukrainian market: that distinguishthecompany onthe facility managementservices. furnishing anddecoration ofpremises, design andinstallationofutilitysystems, documentation, dismantlingworks, developing designandconstruction development projects: selectingpremises, contains bothturnkey andfee implemented projects! and customers satisfi ed withtheir quality fulfi llment ofitscommitments achievements isacompleteand Project for Cropio offi business needs. beyond the contract tobest satisfy of guarantees andadditionalservices on thecustomer’sbudget. equipment for designconceptsbased and operating conditions. requirements tosecurity, ergonomics, constructions andpremises inview of works: designanddecoration of standards inthefi eld ofconstruction management complex. plan, acompletereport andafacility budget estimates,implementation alternative designconcepts,detailed and tasks,suggestingarange of MG Management’skey benefi ts Our company’s project portfolio A key indicatorofthecompany’s ce, Kyiv, Ukraine solutions by MGManagement. have already benefi ted from theunique value theresponsibility andqualityresults Codeminders andothercompaniesthat Vigo Group, ED&FMan,EVERAD,Cropio, brands asPerrigo Ukraine, ASTERS, EPAM, resellers, andCPA networks. Suchfamous pharmaceutical industry, international legal companies,digitalsector, Project for Codeminders offi www.mgmanagement.com.ua [email protected] +380 (44)3387114 Ukraine Kyiv 03022 1, SumskaStr. BC CityZenPark Our customers includeITbusiness, ce, Kyiv 71 COMPANIES 9B, Pushkinska Str. 01034 Kyiv Ukraine +380 (67) 502 81 22 [email protected] mossdecor.com.ua all during any Promotional preserved moss gifts. preserved Promotional Such gifts will be automatically favored above campaign and may promotional friendly highlight the environmental product. of your nature and solutions “living” products Green ered by Moss Decor will be of by ered immediate interest to both private clients to both private immediate interest and big companies. • off

Walls of preserved moss of preserved Walls Vertical garden of preserved moss of preserved garden Vertical and plants. Moss logos and installations may the attentionbe designed to attract positive of guests and clients, evoke emotions among employees and highlight the environmental present. you friendliness of the product Moss Decor is a Ukrainian company company Moss Decor is a Ukrainian care; any and plants do not require easily installed and need no are they decorated walls The supply. water with moss needs no additional light you or maintenance or fertilizers; in any garden install a vertical may with including premises premises, the lack of light, which constitutes ordinary over another advantage plants. moss logos and signs. Preserved The Company’s services: Company’s The • Our company began to manufacture moss began to manufacture Our company positive With rst. among the fi products clients, Moss from feedback Decor experience and started to acquired of imported range with a broader work variety a greater created materials, having moss and plants. of preserved thanks to a tightly that has made progress knit team who has little changed since Moss Decor Gradually, its formation. has examined the opportunities to make to use in the materials available natural of manufacturing. process • MOSS DECOR MOSS Moss Decor is a leading company in the production of green panels, preserved green panels, preserved of in the production is a leading company Moss Decor and exterior. interior elements for natural decorative and moss products Ihor Avramenko, Founder 72 COMPANIES Monolithictechnologicalreservoirs of • Construction ofindustrialconcrete • Monolithicandreinforced concrete • • Setting specialfoundations and Earthwork, excavation ofpitsand • • Installation ofnon-standard Manufacturing andinstallationof • Designandengineeringservices • High-riseconstructionofciviland • • Industrial construction time possibleandguaranteed quality: objects ofany complexityintheshortest works with“turnkey” commissioning Customer thewholerange ofconstruction and civilobjects.OSNOVA off construction ofindustrial,commercial, OSNOVA, group ofcompanies, duringthe services isoneofthemainactivities which are produced inhouse. and useshigh-qualitymaterials,mostof technologies intoconstructionoperations companies, actively introduces modern construction market, OSNOVA, group of Being theleaderofUkrainian Podilskyi Cement Plant (CRH),Kamyanets-Podilskyi, Ukraine all types ofconstructionanderectionworks. OSNOVA isadesignandconstructioncompany thatperforms OSNOVA any confi guration fl ooring. Fibrous concrete works underground walling trenches inallground conditions mechanical installation and technologicalsteelworks, equipment, pipelines,construction steel structures residential buildings Provision ofgeneral contractors’ es the ers constructions peryear. the plantisupto12,000tonsofmetal for any country. Production capacityof enables STEELTECH tomake products steel structures production technology in production. Implementationofnew materials andconstituentpartsare used operations are automatized. Onlycertifi ed Sherman etc.Mostofmanufacturing GEKA, NHMM,Kemppi OY, EWM, Peddinghaus, MG,Promotech, SciTeeX, leading world manufacturers: ESAB, equipment andintegrated linesofthe is equippedwiththemostmodern group ofcompanies.STEELTECH plant the mainproduction assetsofOSNOVA, plant (Brov Heavy outsize transportations. • • Laboratory investigations ofsoil Geologicalengineeringsurvey • • Drainage systems,construction • Quay walls Bankprotection andlandslidecontrol • Concrete andfi lldams • Seaandriver waterworks • Bridgesandothercomplextransport • STEELTECH steelwork production properties dewatering measures engineering constructions ary, Kyiv region)isamongof Zoolohichna Str., Kyiv, Ukraine Construction ofOBERIHmedicalcenter, Kyiv, Ukraine Victim's Memorialnational museum, Construction oftheHolodomor Brovary, Kyiv region, Ukraine STEELTECH steelwork production plant, www.osnova-group.com.ua [email protected] +380 (44)3001771 Ukraine Kyiv 03150 17, Kovpaka Str. 73 COMPANIES UkrSibbank 2B, Dilova Str. 2B, Dilova 03150 Kyiv Ukraine +380 (44) 370 87 10 [email protected] www.pro-consulting.ua • and pharmaceutics; medicine • industry; and petrochemical chemical • metallurgy; processing; • food • nancial sectors; banking and fi • goods; and HoReCa; retail • industrial goods; • consumer • materials; goods; machinery and automotive • construction estate; • real • telecommunications; • and logistics; transportation • services and other. Our major clients include: Ukraine, Alfa-Bank Group), (BNP Paribas Hyundai Ukraine, Oschadbank, L`oreal Roshen, Nestle Ukraine, Corporation, Ltd, McDonald’s Ukraine Arzinger, Paul Medical, Hartmann, Mercator Lubricants Lukoil Avangard, Agroholding Johnson & Johnson, Shell and Ukraine, others. . This is the structured selection is the structured . This asset use. ective groups (with the equipped room), (with the equipped room), groups online surveys); provision. databases and maintenance; implementation development. sending. sectors; eff purchase; development; franchise. nancial markets as well as strategic planning. as well nancial markets OUR SERVICES research: and market Analysis • report; market analytical • focus (surveys, research marketing passport; • market • activities and analysis of enterprises` planning: strategy Marketing development, strategy marketing • audit; • marketing development; • brandbook • planning; coordination; implementation strategy • media strategy digital analysis, online • Call Center: • calling; (CATI); phone surveys • mystery • update; database contact dialing and voicemail predictive • analysis: Investment analysis of market investment • • risks analysis; investment the most concept of providing • consulting: Franchising • franchise analytics and consulting for • and creation consulting on franchise • of strategy analysis and marketing Export consulting (entry on foreign markets). the unique analytical also provide We – online database “Market product Analysis” and analytical information of statistical 2,000 over our specialists from collected by 50,000 over It contains open sources. on all economic sectors. reports in the areas: the leaders Our clients are • agriculture; erent erent ers ers professional the fi nancial welfare nancial welfare the fi ovative technologies, ovative is providing high quality is providing is to attract investments investments is to attract rove is the dynamic growth with is the dynamic growth Pro-Consulting off Pro-Consulting Our Mission weaknesses; on the market; of products placement trends; strategy. marketing develop Our Aim Our Strategy economic sectors. The company is the part company The economic sectors. Capital Group. holding Pro of investment business development. support in your Pro-Consulting was established in 2004. was Pro-Consulting conducted over have During this time we and marketing 1,700 analytical reports documents 500 investment over researches, diff from 1,000 clients over for Pro-Consulting is one of the major players in Ukrainian consulting services market in marketing in marketing services market in Ukrainian consulting one of the major players is Pro-Consulting and fi of commodity, research, analysis PRO-CONSULTING Aleksandr Sokolov, CEO the usage of inn will be able to: our help you With • determine the niche on the market; • audience; ne target defi • and strengths competitors` identify and analyze prices, products • • and expected market clear up current • directions; determine growth • into dynamically developing businesses dynamically developing into and help to imp of our clients. of areas new for search the constant development. marketing research, services in market nancial consulting, and fi strategy prosperity. to our clients' contributing 74 COMPANIES effi off becoming more comfortable for users. We Schüco technologies,thebuildingsare future buildings.Thanks tosophisticated are animportant aspectindesignofthe and comfortable livingandworking areas for interior decoration. Convenient, safe well asanextensive choiceofmaterials offi materials for industrial,residential, building operation stage. starting from theideainceptionto advanced modernarchitectural solutions, services for implementation ofthemost to provide inn the digitalform). That's why ourgoalis digitization (information translation into as urbanization, globalization, and the infl uence ofsuchprocesses of quitesophisticated problems under industry isassociated withaddressing 80 countries. its representative offi the company around theworld. Ithas architects, andinvestors collaborate with 12,000 partner-enterprises, designers, and servicetoday andinthefuture. to maintain itsleadership intechnology employees worldwide. Schücostrives The company hasmore than5,400 SCHÜCO the SchücoAWS 75PD.SI window system, Schüco ASE 60/80 TipTronic slidingsystem, products were awarded. Inparticular, the sliding systemthegoldcup,andfour more expert juryawarded the SchücoASE 67 PD Building Elements”. The international – category “Excellent Product Design the GermanDesignAward 2020inthe This year, Schücohas got fi ve awards at We are abreast ofthetimes. as functionalityanddesign. building engineeringequipment, aswell the existingbuildingstock,control ofthe consultations anddigitalsolutionsfor allstagesofconstructionandbuildingproject. commercial andindustrialschemes,thebuildingenvelope specialistoff technology, andsunshading.Inadditiontoinnovative products for residential, and sellssystemsolutionsfor windows, doors, facades, slidingsystems,security The Schücogroup ofcompanies,headquarteredinBielefeld (Germany), develops cient construction,andren ce andindividualconstruction,as er smartsolutions for facades, energy- Schüco provides systemsand The future oftheconstruction ovative products anddigital ces inmore than ovation of the award "The Winner". the SchücoCSBsunprotection systemgot communication control system,aswell as SmartTouch accessand the SchücoDCS ers www.schueco.ua offi +380 (44)4906837 Ukraine Kyiv 01015 15A, LeiptsyzkaStr. Schüco Ukraine [email protected] 75 COMPANIES ce 1008 ce erent classes. erent 58A, Holosiivsky Av., offi Av., 58A, Holosiivsky 03039 Kyiv Ukraine +380 (44) 501 501 4 parkavenuevip.com.ua International experience and partnershipInternational experience and as international Hills Group, Seven 2020 is a year of new challenges of new 2020 is a year development in Ukraine, with a potential to with a in Ukraine, development and latest approaches standards bring new to the market. assisting allows Hills Group of the Seven from of highly skilled professionals and of the creation to the process abroad the to standards implementation of new of both Ukrainian Collaboration local market. outstandingand international teams creates as brings up general as well projects, standards.established market has optimistic vision and high developer, with market, in Ukrainian perspectives quality real of the demand for stable growth in diff estate products and horizons for Seven Hills Group and Hills Group Seven for and horizons rm a stable status of a possibility to confi partner and and professional high reliable developer. Well thought Structure of the Group thought Structure Well includes Hills Group of Seven Portfolio inner infrastructure, recreation areas. recreation inner infrastructure, each step team controls and professional to of the projects during the development bring the highest quality and to comply of partners obligations in front with taken Team’s and clientele of the projects. implement their experience professionals nancial and construction, fi in project, of the highest level elds, to keep legal fi by and services provided cooperation Group. Seven Hills and commissioned residential, developed of Variety premises. and retail commercial the Company successful experience allows of horizons new constantly to look forward ces – Iconic project of the company – of the company Iconic project Natalia Diveeva, CEONatalia Diveeva, CCO Maksymyak, Vladyslav The main slogan of the Group – “We build – “We main slogan of the Group The up to – brought listening to you” through describe the main principles and targets, projects. new and creating while developing is the and development Constant upgrades the between of the tight cooperation result of and clientele, so the product developer will exactly match a demand ofthe Group the by created projects The market. today’s not just houses or offi are Company Park Avenue VIP residential complex, Kyiv, Ukraine complex, Kyiv, VIP residential Avenue Park they are living and working spheres with spheres living and working are they implemented ideas and conceptions, which lifetime. the project’s through owing fl are Park living VIP – is the unique Avenue (Ukraine), of Kyiv area space in the greenest thought living with well a family for created SEVEN HILLS SEVEN Seven Hills Group of Developers is a group of local and foreign professionals, successfully working successfully working professionals, and foreign of local is a group of Developers Group Hills Seven part of the international Hills is a Seven 14 years. over for real estate market on the Ukrainian developer, the only foreign and portfolio square meters 12.8 million with over group real estate since 2006. in Ukraine working who has been 76 COMPANIES Yuriy Sukhanov, Founder TVERDO isacreative concreteworkshop. areas suchasterrazzo and classic concrete. of continuousinnovation, soitworks in and exteriorenvironments. designers andbuilders tocreate interior developed incollaboration witharchitects, of uniqueconcrete products thatare The teamofspecialistsproduces anumber TVERDO The Concrete Workshop isaproponent decor andmore. interior itemsfor lighting,countertops, of custom-mademarbletilesandendswith The listofworks beginswiththeproduction www.tverdo.com.ua +380 (66)8897413 Ukraine Kyiv 02122 1A, Маgnitogorska Str. 77 COMPANIES Our own operated catering company operated Our own of UBI CONFERENCE HALL feature The Kyiv, Ukraine Ukraine Kyiv, +380 (44) 451 92 74 [email protected] www.ubi-hall.com.ua www.facebook.com/ubi.hall UBI Conference Hall CO-WORKING, UBI Conference Ukraine Kyiv, Hall BUSINESS, UBI Conference Ukraine Kyiv region, location is used for team buildings,location is used for or training c and eco-conferences scientifi facility of the conference area Total events. up to is 118 sq.m, and can welcome here 100 guests. Location is equipped with all high-quality events. necessary for format of any events meals for provides taking into account the individualand size, of each preferences wishes and food customer. of event of a full range is the provision services. Success of the event organization of individual planning and jointis a result – event of the choose the format You work! the atmosphere! create we favorable The FUSION hall will be the best The business negotiations, it is worth For events, training organizing When into account the importance Taking option for holding exhibitions and fairs. The The holding exhibitions and fairs. option for to place organizers location design allows exhibition objects in the most than is more location area The perspective. 650 sq.m. considering the CO-WORKING location. The organizing allow partition-walls movable place, a meeting working a comfortable room. example, a conference for or, room CO-WORKING can be used as a conference less than 80 guests. for room of area The than 125 sq.m. the location is more is especially hall STUDY the conference of the location advantage The popular. is the ability of joint holding of several as STUDY / trainings, / seminars lectures 2 classrooms, room, includes a conference 20-30 to 55- the capacity of each is from 60 people, as gallery and exhibition as well area. the NATURE and popularity of eco-leisure, opened, on the territory oflocation was NATURE The Beremytske. Park the Nature When organizing lifestyle, fashion lifestyle, organizing When is the location with an area SPACE UBI Conference Hall SPACE, Kyiv, Ukraine Kyiv, Hall SPACE, UBI Conference Location BUSINESS is an ideal space for total area The major business events. than 1000 of the location is more sq.m. Location with a complete setup of technical and multimedia equipment for with or a conference videoconferencing closed Private simultaneous translation. territory with a parking capacity of 40 cars. the ideal location is SHOW. or art events, to the good location, the SHOW can Thanks It adds the terrace. on the roof host events making originality and atmospherity, event it one-of-a-kind. In addition to the open mentioning the large it's worth terrace, and the tent that can be usedclub area court, including with food presentation for total area backstage. The for technical zone of the SHOW location is 700 sq.m. major than 900 sq.m, used for of more of the Depending on the format events. dividing by the space can be zoned event, The “chamber” platforms. it into several location is loft style of the SPACE advantage you design and open space, which allows up to 500 people. to welcome UBI CONFERENCE HALL CONFERENCE UBI UBI Conference Hall is an innovation conference service in Ukraine. For eight years, in Ukraine. For eight service conference Hall is an innovation UBI Conference organizing business integrated solutions for Hall has been providing UBI Conference needs. At the moment, current trends and taking into account events, and lifestyle style. unique – each in its own has 7 modern locations the company 78 COMPANIES Odesa –Formula. and Odesa(BristolHotel,Londonskaya Hotel),andalsooneofthebestpremiumfi real estatespheres.The company’s portfolio includesthree4-5-starhotelsinKyiv (PresidentHotel) Vertex HotelGroup isagroup ofcompanies, specializinginhospitality, wellness, andcommercial Professional teamandyears of • Wide range ofcateringservices. • • Ergonomic furniture. Large selectionoftechnical • • Hotel 4*(Kyiv): Conferences andbanquetsatPresident Abilitytolocatemultipleevents at • Audio andvideoequipmentfor • • Wardrobe. • Parking Location–citycenter(Kyiv,available. Odesa). • Lounge–areas andSPA. • • Coff Welcome drinkzones. • • bonuses: approach, 5stars serviceandvaluable Vertex MICEisa Exhibitions–exhibitions,image • Conferences –conferences, • Incentives –incentive ormotivational • • for any ofyour events: Vertex MICEisan“onaturn-key basis” VERTEX HOTEL GROUP complexity. experience inorganizing events ofany equipment. rooms, capacityto400guests. 17 modernbanquetandconference once. presentations. dinners. in oneplace. Holding anevent andaccommodation events, PRevents andpress tours. congresses, forums, seminars. staff tours andprograms, teambuilding, business lunches. presentations, businesstalksand Meetings –corporate meetings, ee areas –breaks, lunches,gala training, corporate holidays. lways acomprehensive 2meetingrooms, capacityto • HistorichallBoff • • at Londonskaya Hotel4*(Odesa): Conferences andbanquets Meetingrooms for upto20guests. • Idealfor private negotiationsand • • (Odesa): Meeting rooms atBristolHotel 5* White HallConference Room • Greenwich Conference Hall(190sqm), • • at Bristol Hotel5*(Odesa): Conferences andbanquets Phonecharging stations. • Cateringorin-boxcateringcanbe • Atyour servicefl ipcharts,screen, • Meetingrooms for upto20people. • • (Kyiv): Meeting spaceatPresident Hotel4* 20 guests. 80 guests. up to200guests. Legendary hallAivazovsky, capacity business meetings. thematic design. Three meetingrooms indiff (120 sqm), capacityupto100guests. capacity upto160guests. (460 sqm), capacityupto450guests. The Windsor Grand Ballroom ordered additionally. Internet, notepads,pens,water. workshops. meetings, negotiations,interviews, 5 modernmeetingrooms for o, capacityupto erent Bristol Hotel,Odesa,Ukraine President Hotel,Kyiv, Ukraine Bristol Hotel,Odesa,Ukraine vhg.com.ua [email protected] [email protected] +380 (48)7058755 Odesa 65026 11, Prymorskyi Blvd. Londonskaya Hotel [email protected] +380 (48)7965500 Odesa 65014 15, PushkinskaStr. Bristol Hotel [email protected] +380 (44)2563256 Kyiv 01601 12, HospitalnaStr. President Hotel tnessclubsin 79 COMPANIES ce 302 ce [email protected] Completed projects: Hilton Kyiv; ROSHEN; RC Skyline; CAFE; PESTO Domino's Pizza; Puzata Hata; Dima Borisov; restaurants Family others. and many 8, Saperno-Slobidska Str., offi Str., 8, Saperno-Slobidska Kyiv 03028 Kyiv Ukraine 32 01 +380 (44) 537 Tel./Fax: offi voropay.com.ua Reconstruction of ROSHEN factory, Ukraine Kyiv, • • • • • • • • roves y Construction app Our integrity, consistency and consistency Our integrity, Our company has in-house specialists, Our company Construction has: Voropay engineering department; service; logistics and procurement nancial management and legal fi support; design teams; evaluation document control department. establish we on a project, Working oor area of 120,260 sqm. oor area of Decoration of all public areas, hall, restaurant, showrooms showrooms hall, restaurant, of all public areas, Decoration Ukraine Kyiv, Hotel, of Hilton Kyiv experience allow us to give promises we we promises us to give experience allow that’s esteem our reputation, We can keep. a warranty provides our company why and construction all repair covering works. Voropa the construction deadline, the timing of a design engineering analysis, provides the quality of the works team and assures the period of 12 months for performed A longer construction period or more. and foremost, rst means additional costs, fi economically us. It is much more for on time. nish projects to fi advantageous ensuring planning and quality control of projects. • • • • • cial and comfortable relations benefi for a customer. on recommendations. 95% – orderings customers. 75% – regular building servicesers ces; Оur major services: contract; general major construction work; reconstruction; nishing works. fi Our vast experience allows us to experience allows Our vast We provide our services for: our services provide We hotels; educational institutions; warehouses; industrial zones; and medical rooms; medical centers cafes; restaurants, offi premises; retail tness clubs; fi banks. • • • • provide a full range of building and a full range provide design and design services: from erection A team of experienced contract. to general been most of whom have professionals, foundation, since the company’s working at a high of a project the delivery organizes standard. Voropay Construction off Construction Voropay • • • • • • • • • • for commercial properties. Our advantage is Our advantage properties. commercial for no need to search that our clients have c works. specializing in specifi contractors, cates, certifi licenses, all respective have We permissions and technical capacities to build basis. on a turnkey Vladimir Voropay, Founder VOROPAY CONSTRUCTION VOROPAY Voropay Construction entered the building sector in 1999. Since then we have have Since then we sector in 1999. entered the building Construction Voropay fl with total facilities 1,660 built over 80 COMPANIES of theapp and monitorthestrictimplementation adjustments ifnecessary. We alsoadvise supervision –withregular fi eld visitsand with suppliers. We provide professional fi eld select materialsandsolve alltheissues shape plansfor dismantlingandinstallation, we independentlycarryoutmeasurements, effi reveals thepotentialofeachproject. Quickly, the ZIKZAK architects designstudioitall as impossibleby otherdesigners, butfor troubled engineeringnetworks are considered with noequals. eff that ZIKZAK isaresponsible organizer, an already learnedfrom theirown experience not thecompletelistofclientswhohave Platforma, ONOVODendra Hotel;аndthisis ING Bank,Nordic Bank,aswell asCoworking Boulevard, Slavutych, branches ofPrivatBank, Poetika, Diadans,Taryan Towers, French truly famous brands asresidential complexes elite interiordesignstudioyou willfi nd such customer. That iswhy intheportfolio ofour taking intoaccountalltherequests ofthe successfully andquicklyimplementthem, off We ZIKZAK ARCHITECTS concept tofull-fl estate, providing afullrangeofprofessional services:from developing aperfect The scope ofourcompetenceisthecreationuniquedesignsfor commercialreal ZIKZAK architectsisthecompany thatisreachedoutwhensolutionsareneeded. implement exclusive anduniqueprojects. looking for somethingnew butdevelop and exclusive listofbusinesspartners. We are not landscaping ofrooms ofany size withan design, anexpertinlighting,acousticsand researcher andexperiencedleaderin real estateinteriordesignstudiointhecapital. choose thebestresidential andcommercial landlords isalsonotanissueatallwhenyou coordinating (ifnecessary)aproject with references andphotorealistic 3Dvisualization, engineering networks, individualselectionof making structural changestotheplanningof and equipment. regarding thenecessarymaterials,furniture, comprehensive commercial proposals ciently, andwithnoissues. ective manager, andaconfi dent leader We completely control alltheprocesses: A fi xedtimelineandbudget,dealingwith ZIKZAK architects is a dedicated ZIKZAK architects isadedicated Gathering additionalinformation on er completeturnkey solutions,always roved design project, edgedsupervision. prepare prepare Residential complexonBolsunovska Street, Kyiv, Ukraine ONOVO Dendra Hotel,Kyiv, Ukraine IQ Hubat IQBusinessCenter, Kyiv, Ukraine www.zikzak.com.ua +380 (50)4444827 Ukraine Kyiv 02000 13, Demiivska Str. PROJECTS

Astarta Organic Business Centre ...... 82 Edem Resort Medical & SPA ...... 83 Fairmont Grand Hotel Kyiv ...... 84 Gulliver MUC ...... 85 Horizon Offi ce Towers BC ...... 86 іbis Styles Lviv Center ...... 87 IT-park Manufactura ...... 88 KOMOD SEC ...... 89 Premier Palace Hotel ...... 90 Riviera House ...... 91 Toronto-Kyiv Complex ...... 92 Venetsianskyi Business Center ...... 93 82 PROJECTS Business Centrecombinesthedynamicsofbusinessenvironment andalmosthomecoziness. Astarta BCislocatedinPodil historicalarea.Technological andcomfortable, AstartaOrganic ASTARTA ORGANICBUSINESSCENTRE Astarta OrganicBusinessCentreisthe1 coworkings, confer as a“cityinthecity”:offi productive professional space,developed available toeachandevery citizen. green relax zone –AstartaOrganic Park, car chargers. AstartaBChasitsown rooms andchangingrooms, 2electric parking (122spaces)withshower infrastructure: 462parkingspaces,bike Quarter hasadeveloped transport management oftheBC.AstartaBusiness the constructionandfurtherfacility AI control systemswere usedduring technologies, modernengineeringand development. Safe materials,effi accordance withthestandards ofgreen the classAbusinesscentre, builtin Astarta Organic BusinessCentre is makes itanintegral partofthearchitectural cafes andrestaurants. notary, insurance company, drycleaner’s, agency, beautyspace,gym,bank,private Astarta BusinessQuarterisa The designconcept ofAstartaBC ence halls,t e premises, ce cient ravel starting from 2 lobbies; highceilings(1 solutions include:3separate entrance (blocks). The architectural anddesign BC consistsof3interconnected buildings BC is58,930sqm,GLA37,232sqm.The ensemble ofhistoricalPodil. GBA ofAstarta systems; autonomous gasboilerwithzero an optimalcontrol modefor engineering automated dispatch system thatprovides modes ofengineeringsystems;an technical solutions:automatedoperation of AstartaBCissecured by thefollowing panoramic view. parking spaces;sightseeingterraces witha disabilities: vertical liftingplatforms, disabled unimpeded movement for peoplewith desk ineachlobby hall);facilities for and reception areas (separate reception lobby hallswithcomfortable sittingareas example, recycled wood panels);spacious friendly andsafe materialsindesign(for of offi Ecofriendliness andenergy effi ce premises; useofenvironmentally st businesscentreinKyiv, certifi nd floor –3.6m);fl exible layouts st fl oor –5.4m, ciency edby BREEAM(2018). CEO ofTEK“Energoinvest” LLC Yuliia Shchaslyva, work ofresidents. organizing andcomfortable day-to-day space for growth for your business,event reduce operational expensesfor tenants. mechanism. These solutionshelpto equipment; optimalwaste management metered water supplyinsanitary with automaticmodeofoperation; irrigation ofthegreen area ofthesquare of airconditioningincertainareas; drip sealed contactsthatblocktheactivation saving Schücowindows andtheuseof (especially incandescentlamps);energy- requiring furtherspecialized disposal complete absenceofdischarge lamps with automaticstartinpeakperiods; with heatrecovery; water heating system CO and abc-kyiv.com [email protected] +380 (95)377 77 73 Ukraine Kyiv 04070 58, Yaroslavska Str. Astarta Organic BusinessCentre isthe 2 emissions;airheatingsystem 83 PROJECTS Strilky Village District Peremyshliany Region Lviv Ukraine +380 (67) 314 65 12 [email protected] www.edemresort.com he De Vine he De Vine nd it quite near the ancient city near the ancient city nd it quite ravel Awards. T ravel Awards. There is also a luxurious SPA zone zone is also a luxurious SPA There Edem Resort Medical & SPA The Restaurant was awarded Two Glasses by Glasses by Two awarded was Restaurant Spectator Magazine the American Wine as award prestigious in 2018. It is a very it. achieved restaurants only 6 Ukrainian the winner in was Restaurant Terrace The nomination the Best Country Restaurant Awards National Restaurant of the SALT in December 2018. In January 2019, received Edem Resort Medical & SPA as the Best Medical Hotel an award to the International Hotel according It the end of 2019, Hospitality Awards. became the nominee in the the centre Hotel category of the Best Wedding International Hospitality Awards. expert in the fi eld of anti-age medicine. expert in the fi place is a This centre. in the healthcare oasis of bliss with its spring water real salt pool, massage rooms, swimming Roman bath, Finnish room, therapy sauna, Russian steam bath, circular Kneipp path, and douche, ice fountain, tness centres. fi and complex belongs to the top 9 SPA according of the world resorts wellness and Magazine rating Escape to the Total Hotel the title of the Best Ukrainian won at the Chance T

A unique health recovery centre is is centre A unique health recovery

exponential medicine, an international exponential medicine, an international of SingularityU Kyiv in the fi eld of eld of in the fi of SingularityU Kyiv supervisory board at the University at the University supervisory board of Natural Sciences, а member of the Sciences, а member of the of Natural аcademician at the European Academy Academy аcademician at the European Edem Resort Medical & SPA, Ph. D., an an D., Ph. Edem Resort Medical & SPA, Oleksii Bashkirtsev – a chief physician at at – a chief physician Oleksii Bashkirtsev every guest attends a consultation with guest attends a consultation with every Before the start of a selected program, the start of a selected program, Before stress course or 3-day re-energy program. program. re-energy or 3-day course stress 10- or 14-day detox program, 3-day anti- 3-day detox program, 10- or 14-day an individual healthcare program, e. g. 7-, g. 7-, e. program, an individual healthcare cosmetology, etc. Every guest can choose guest can choose etc. Every cosmetology, aesthetic medicine, hardware aesthetic medicine, hardware water treatment and phytotherapy, and phytotherapy, treatment water dietology, dermatology, hydrotherapy, hydrotherapy, dermatology, dietology, services: diagnostics, balneology, services: diagnostics, balneology, & SPA complex. It provides the following the following complex. It provides & SPA the pride of the Edem Resort Medical the pride of the Edem Resort Medical garden, stable and hunting grounds. garden, own vineyard, orchard and eco-vegetable and eco-vegetable orchard vineyard, own Western Ukraine, white sandy beach, our Ukraine, Western park sculptures, the fi rst golf club in golf rst the fi park sculptures, recovery centre, SPA, art space, landscape SPA, centre, recovery halls, 3 conference rooms, a health rooms, halls, 3 conference serving signature dishes, 3 banqueting serving signature of a fi ve-star hotel with 4 restaurants 4 restaurants hotel with ve-star of a fi surrounded by forest and lake. It consists and lake. forest by surrounded Edem Resort Medical & SPA is a complex Edem Resort Medical & SPA in the atmosphere of peace and wonderful rest for your body and soul. your rest for wonderful of peace and in the atmosphere Is there a heaven on earth? Yes, there is! You can fi there is! You on earth? Yes, Is there a heaven yourself can just immerse and you place where time stops, is a & SPA Edem Resort Medical EDЕM RЕSORT MEDICAL & SPA & MEDICAL RЕSORT EDЕM of being here. minute every enjoy and vanity worldly about can relax, forget You of Lviv. 84 PROJECTS afternoon promenade. Ithasthelargest the 258rooms for you to enjoy afteran relaxing andcozyatmosphere inoneof and Volodymyr Hills. that connectedthefamous Khreshchatyk new pedestrianbridgemadeoutofglass elegant bendsoftheDnipro River from the a diff hotel, take intheview ofKyiv Podil from Philharmonic ofUkraine directly from the addition, you cangototheNational squares oftheUkrainian capital.In and St.Sophia’sSquares, thetwo oldest on thecablecarandgettoSt.Michael’s Museum. Ontheotherhand,take aride to Andriivskyi DescentandOneStreet past theancienthousesofBorychivTik House onSquare ofContracts, towalk past BalabukhaHousetotheGuest unique locationallows gueststostroll famous architectural landmarks.The hills, thePostal Square andworld- the Dnipro River, thepicturesque Kyiv Kyiv's historicsites–Podil. Itoverlooks memories. The hotelislocatedinoneof transform your stay inKyiv intoremarkable Fairmont Grand HotelKyiv willhelp as well asover 2,600topprivate homesthatmeetthemostdemandingneeds. the world's leadinghoteloperatoroff its energy. We arereadytobewithyou allover theworld, asFairmont isapartofAccor, & Resorts hotelsletsyou immerse yourself inthecultureandhistoryofregionfeel With classicdesignanddecor, localcuisineandlively bars, eachofthe81Fairmont Hotels a lot in common!We welcome every guestandoff Do you like traveling, discovering new countries,andexploring theworld? Then we have FAIRMONT GRANDHOTEL KYIV Fairmont Grand HotelKyiv off erent perspective, andenjoy the es a ers international franchise, VOGUECafé Kyiv. in Ukraine withabranded restaurant ofan carpets from Spanishroyal palaces. an elegantcarpetmadeaccording toеру from Venetian glass,marblewalls and a stained-glassceiling,chandeliers made hotel –theuniqueThe ATRIUM hallwith Moreover,700 people. thereal gemofthe Ballroom (472 sqm),accommodatingupto hall inKyiv thatallows todrive inacar– hall ofKyiv's fi ve-star hotelsandtheonly Among them,thelargest conference territory, withatotalarea of1,375sqm. There are 13meetingrooms onits iconic businessmeetingsandevents. a hotelbutalsogreat placetohost pool andasaunaonsite. your servicewithhammam,aswimming walk oralongday, ElixirSpaDeluxeisat relaxation andenergy recovery afteralong the mostdiscerningguests.For maximum Gold Lounge–arepresentative fl oor for suitesupto205sqminsize andthe 59 more exquisiteatmosphere, there are 40 sqm.Ifyou would like todive intoa standard rooms inthecity–more than ering morethan4,200hotels, resortsandresidences, In addition,itistheonly five-star hotel Fairmont Grand HotelKyiv isnotonly er luxurystay regardlessofhisdestination. its guests. moments intounforgettable memoriesfor of acomfortable stay inKyiv andturns SWEETBOOK.Lime Edition. gastronomic venues: Vintage Barand In addition,thehotelhastwo unique Fairmont Grand HotelKyiv takes care www.fairmont.com/kyiv [email protected] +380 (44)32288 Ukraine Kyiv 04070 1, Naberezhno-Khreshchatytska Str. 85 PROJECTS 1A, Sportyvna Square 01001 Kyiv Ukraine +380 (44) 364 84 43 gullivercenter.com ce real estate real ce elaborated. And that’s spacious parking, elaborated. Bowling, beauty salons, modern Gulliver Oscar cinema, and SkyFitness 6-screen and views center with unique panoramic a 25-meter pool, a visa service center than 12 Schengen countries, more for 20 establishments cuisines – with various to exquisite Ukrainian traditional from of availability Italian and Japanese. The considerable provides this infrastructure of time since most issues can be savings the territory of without leaving resolved the complex. cient use of has over 150 stores of various of various 150 stores has over Silpo supermarket in a new format, format, in a new Silpo supermarket Gulliver shopping and entertainment Gulliver ces in the business center. profi les: fashion, classic and youth classic and youth les: fashion, profi sports goods, clothing and footwear; home and interior items; gifts children, of the brands are and accessories. These HOME, (ZARA the Spanish Inditex Group Pull & Bear, Massimo Dutti, Bershka, LPP Polish Oysho, Uterque), Stradivarius, House), as well Cropp, (Mohito, Reserved, Lacoste, Maje, Sandro, as Zadig & Voltaire, Robson, Naf Naf, Roy ger, Hilfi Tommy Falke, PUMA, Adidas, ALL STARS, Arena, In 2019, such Ralph Lauren. Roeckl, Polo / In Wear as Claudie Pierlot, Weill, brands and debuted in Ukraine Matinique were opened in Gulliver. of home appliances and store Eldorado home goods store and JYSK electronics, oor of Gulliver. fl located on the ground are makes infrastructure extensive The not just a business center with a Gulliver shopping and entertainment component, and effi life but a space for been carefully all details have time, where center substation and several emergency diesel emergency substation and several 60 Ukrainian Approximately generators. and international companies, such as Coca-Cola, Ciklum, Colin's, Grammarly, Bacardi Rocher, Yves Quarter, Creative located their and others Martini Ukraine offi favorable location. It is located both in the historical and business in the historical and It is located both location. favorable meets all ering high-quality ce centers with its high-quality ce centers Gulliver business center Gulliver ciency and off Gulliver complex includes an A-class Gulliver which consists of two business center, shopping and and a 10-storey towers, MUC is one Gulliver entertainment center. of the highest buildings in the capital. The “A” of the tower height of the 33-storey total The business center is 141 meters. of the complex is 157,400 sqm. The area luxury design, functionality scale, comfort, and a unique set of services make the best MUC an ideal choice for Gulliver companies in the capital. GULLIVER MUC GULLIVER Gulliver mixed-use complex (MUC) is the only project on the retail and offi on the is the only project (MUC) complex mixed-use Gulliver such a with in Kyiv market of the key arteries, in the vicinity of major transport capital, at the intersection center of the public transport stops. stations and metro of the international requirements for for of the international requirements A-class offi junction, a good and convenient transport infrastructure, location, and developed parking lot, and secure a comfortable of energy a high level by characterized effi technical solutions and service. Innovative of all of the complex’s life work coordinated an through provided support systems are system and intelligent automated control building management, i.e. management using a of all engineering systems by business center has single console. The heating, ventilation the most advanced safety systems. Fire and air-conditioning the sprinkler system by by is provided (Netherlands) and Siron (Poland) Mercor rms and the uninterrupted power fi a complex’s own by supply is guaranteed 86 PROJECTS its leadingpositiononthecommercialrealestatemarket for many years already. the complexmakes itpossibletouse the extension hasitsown entrance. the businesscenter).Alternatively, each of themainbuilding(theentrance to systems andhave accessthrough thelobby Towers complexhave autonomousutility secondextension –atwo-level offi • fi rst extension–6offi • mainbuilding–17offi • building andtwo adjoiningannexes: business center. Cabinet ofMinisters are locatednearthe the President ofUkraine, Parliament and 42-44, Shovkovychna Street. Offi business activity–Pechersk district,on center ofthecapitaland Kyiv, whichisalsoacultural andhistorical located inthegovernmental quarterof levels for 50cars intotal.The complexis as well asaheatedgarage onseveral a parkingarea with52parkingspaces, vicinity tothebusinesscenter, there is total area ofabout17,000sqm.Inclose consisting ofseveral buildingswitha Horizon Offi Horizon Offi HORIZON OFFICETOWERS BC The well-designed infrastructure of All buildingsoftheHorizon Offi unit andathree-storey parking. underground parking; The complexconsistsofthemain ce Towers isaunique facility ce Towers BCisthefi ce fl oors andan ce fl oors; e of ce ce ce rst premiumclassbusinesscenterinKyiv thatkeeps the internationaland Ukrainian markets. successfully app and concentration oftenants, whohave organization, extendedinfrastructure and exclusiveness intermsofinternal Center standsoutby itsuniqueness professional securitycompany. Towers BCare provided 24/7by a market ofKyiv. the commercial real estatemanagement reputation asoneofthebestcompanieson by aprofessional company thathasa of Horizon Offi premium classdecoration materials. them diff out oftheEuropean level, butsomeof staff distribution oftenants,theirvisitors and minimum waiting time,themosteffi with 5OTIS elevators, which ensure extensions. building ofthecomplexorinone of whetherthey are locatedinthemain tenants withoutexception,regardless facilities ofthebusinesscenterby all fl ows. Horizon Offi Safety andorder inHorizon Offi The managementandmaintenance All premises inBChave qualityfi t- Horizon Offi er by higherqualityfi t-out with ce Towers BCisequipped ce Towers are provided roved e oes Business Towers ce themselves onboth cient ce Mob: +38(096)349 8808 Ukraine Kyiv 01004 42-44, Shovkovychna Str. 87 PROJECTS 3, Shukhevycha Str. 3, Shukhevycha 79005 Lviv Ukraine +380 (32) 254 67 67 Tel.: +380 (32) 254 67 77 Fax: [email protected] all.accor.com ibis.com/9709 ers ers for ers, is available for for is available ers, points and using these points as A free ALL – Accor Live Limetless ALL – Accor Live A free – ibis Styles Lviv Center is your stylish Center is your ibis Styles Lviv lifestyle loyalty programme that goes programme loyalty lifestyle hotels and off beyond loyal travelers. The Program Members are are Members Program The travelers. loyal of exclusive advantage to take welcome as and discounts, as well promotions early check- special services including free in and late check-out, special off accommodation and services, earning reward and services in more stay for payment of the chain and than 3,960 properties other pleasant bonuses. many hotel in the heart of Lviv. rst representative of the ibis Styles brand in Ukraine. A modern in Ukraine. A modern of the ibis Styles brand representative rst proved by proved by et breakfast and unlimited and unlimited et breakfast The room capacity of the hotel room The includes all-you- rate room The world-known brand “Sweet bed” by ibis ibis bed” by “Sweet brand world-known the brand, for Styles designed exclusively and high sleep comfort and guarantees available Additional services are quality. of guests such as transfer, the comfort for ight fl tours, of excursion organization booking, courier services, etc. tickets is at the disposal room Also the ironing of guests. ibis Styles Lviv Center is a bright, modern combination and stylish hotel with perfect national touch in small details of Ukrainian hotel started The and functional comfort. 2015 that made it the in August operating of the Accor group second representative – in Lviv. rst and fi in Ukraine and includes oors on 7 fl 77 rooms provides categories. ibis and Premium Standard Styles Lviv Center is ideally equipped to exceed expectations of individual leisure as and business tourists, as well travelers oor of the building fl On the ground groups. with comfortable is a spacious lobby there a kids play a business corner, sitting area, of corner and an Italian cuisine restaurant chain. Ukrainian the famous can-eat buff Wi-Fi. Bedding quality is Wi-Fi. IBIS STYLES LVIV CENTER LVIV STYLES IBIS ibis Styles Lviv Center is a hotel of the leading in Europe international hotel international of the leading in Europe Lviv Center is a hotel ibis Styles and the fi operator Accor the territory Street, on at 3, Shukhevycha center of Lviv, is located in the building 7-storey Heritage List. the UNESCO World included in 88 PROJECTS into profi was createdinorderfor you tobeabledevelop by transforming knowledge ideas andskills Innovative clusterIT-park Manufactura informat Live &Work from thecompany “Stroy City” coziness, styleandfreedom. cooperation, combiningtheatmosphere of We have created anew format ofeff driver ofthecityandregions development. potential, butalsosocialandeconomic European society. Itisnotonlycultural development andstrengthening ofmodern heritage –themainresource for the of revitalization andrevival ofcultural the transformation ofKharkiv, butalso is abrightandreal examplenotonlyof building with130years ofhistory. This architectural styleloftonthebasisofa was born–everything hastobethere. philosophy ofLive &Work singlespace to theXXIcentury. Atthesametime, century enterprisewas transferred XIX This iswhy theideaofadvanced building asamonumentofarchitecture. to preserve thehistoricalheritageof to thecomplex. provided afree shuttlebusfor easyaccess River. For residents andguestswillbe center ontheEmbankmentofKharkiv is situatedataprimarysectionofcity and leisure activities.IT-park Manufactura business productivity, comfortable living of diff conference rooms topleasetheresidence of various formats, exhibitionarea, areas, apartments,cateringareas call centers, shoppingareas, commercial consisting ofoffi to form auniquebusinesscommunity, infrastructure inKharkiv. Itwas created technological centerwithextensive IT-park Manufactura isthefi rst IT-PARК MANUFACTURA IT-park Manufactura ismadein Creating IT-park was very important erent taste.Integrated spacefor tablebusiness. e, owrig spaces, co-working ces, ective allows investing inthefuture! premium project of Kharkiv city, which IT-park Manufactura isthefi rst guarantees constantlygrowing income. 38% inthefi eld ofcreative industryand investments withprofi tability upto company "Stroy City"off investment attraction. productive intersectoral cooperation and cultural heritagefor thecitydevelopment, a hugeexperienceofsuccessfuluse apartments overlooking theembankment. areas: offi Which combineslivingandworking Multifunctional complexNEXT provided by Placeterritory. conditions for commercial activityare areas andpremium offi A complexconsistingofretail, commercial Place –аdream businesscenter comfortable stay. This isanopenplanapartmentsfor a style Home –аuthor'ssmartcomplexinloft and otherevents. negotiations, consultations,mentoring workplaces for presentations, exhibitions, professional relationships. Ergonomic operation. This isaspacefor building The perfect sitefor high-performance Modern complexSpace Today thesuccessfulandperspective The aimoftheproject istodevelop ces, openplanoffi e pcs All spaces. ce ce spaces and es profi table ers SPACE HOME NEXT manufactura.kh.ua [email protected] +380 (63)77 20111 +380 (96)6903111 Ukraine Kharkiv 61001 13, ChigirinaStr. 89 PROJECTS KOMOD is a center for meetings, is a center for KOMOD 4A, Mytropolyta 4A, Mytropolyta Str. Sheptytskoho Andreia 02002 Kyiv Ukraine Lease Department +380 (44) 593 25 56 Tel.: Mob.: +380 (50) 334 58 26 [email protected] www.komod.in.ua business development. ective ce spaces with unlimited potential for ce spaces with unlimited potential for quality services, and tenants are provided provided quality services, and tenants are and and modern trading convenient offi eff experiences,communication, shopping, new main thing is that The and exciting leisure. nearby! shopping mall is always KOMOD ers leisure programs: art, pottery, art, pottery, programs: leisure ers ered a wide range of goods and a wide range ered Particular attention is given to the attention is given Particular art space has made a creative KOMOD is One of the main goals of KOMOD products, goods for creativity, toys, toys, creativity, goods for products, On lingerie, perfumes, and jewelry. than more the mall is visited by average, among them, a day, 8,000 customers is 31%, 26- the audience under 25 years – 24%. – 37%, and 36-45 years 35 years and entertainment component cultural to be not strives KOMOD of the center. one can purchase only a place where magnet for good things, but also a real residents. of the region life the eventful there oor of the mall, fl On the fourth cinema, is the Multiplex multi-screen a playroom, children's a comfortable Italian family Cafe court, and Pesto food restaurant. that off sculpting master classes, and creative etiquette designers, meetings with bloggers, theme events holiday experts, etc. The guests –with exciting games and invited in the mall. arranged celebrities – are between partnership to establish a strong clients The tenants and consumers. off are ective ective er consumers ce center, whose main values whose main values ce center, In the boutique zone, located from located from In the boutique zone, use of their own time. The ergonomic ergonomic time. The use of their own of with a total area oors of 6 fl structure so that visitors 15,471 sqm is organized as possible. Some of as comfortable feel about 80 leading the space is leased by The trademarks. and foreign Ukrainian Marks & Spenser anchor tenants are clothing stores, and ARGO branded Budynok chain of children's igrashok leader Silpo and the market stores, toy popular with very are They supermarket. of a steady stream and provide consumers clients. solvent tenants off oors, 1 to 4 fl all the necessary goods and services for clothes, shoes, household life: everyday are family, relationships, and eff relationships, family, are The philosophy of KOMOD is a daily of KOMOD philosophy The time that is nice and providing inspiration is approach ts. This to spend with benefi that lled in a successful tenant-mix fulfi on the needs of the region is focused and the business audience of residents the offi A SYNERGY OF TRADE, LEISURE AND BUSINESS ACTIVITY KOMOD shopping and entertainment center is located in Kyiv on 4A, Mytropolyta Mytropolyta on 4A, in Kyiv center is located and entertainment shopping KOMOD station. metro to the Livoberezhna walk which is a 3-minute Str., Andreia Sheptytskoho residents from the leisure for youth and activity and family a center of business is KOMOD cultural goods and services, range of location, a broad areas. A convenient the surrounding weekends. and on weekdays visitors activities attract and entertainment KOMOD SEC KOMOD 90 PROJECTS and entourage oftheearly20 legendary BAR 1909withauthorcocktails reduce stress andrevitalize. with SPA treatmentsto cuisine IKIGAI.Your day cancontinuethen to ourrestaurant ofexceptionalJapanese course, aclassicrelaxing massage. a glassdome,bathprocedures, and,of swimming inthe17-meterpoolunder visit theWellness Clubfor alittleexercise, delightful breakfast, you mightwant to at theTerracotta restaurant. Aftera farmer’s products onthebuff the hoteloff Resorts Fresh Organic Traditional concept, Kyiv. InlinewiththePremier Hotelsand course, istotrythebestbreakfast in The perfect way tostartyour day, of PREMIER PALACE HOTEL someone. This istheplacewheretraditionsandmodernitycomebeautifullytogether. holding conferences withyour partners, meetingswithfriends,orromantic evenings withthatspecial that is truly Ukrainian.This istheperfect placefor vacation, stoppingoff business communityofthecitythesemany years, andthebeaconofthattraditionalhospitality Kyiv. Locatedinthevery heartofthecapitalKyiv, theHotelisbothmainlandmarkfor the The hundred-year historyofthePremierPalace Hotelistightly that isprotected by thegovernment. The architectural andhistoricalmemorial apartments ontheExecutive Floor. when you reserve ourluxurysuitesor whose servicesyou canmake useof eased by apersonal professional butler of your saturated businessday willbe located ontheHotelrooftop. The pressure to theterrace oftheAtmosfera restaurant, the warmer months,guestsare welcome You canspendtheevening inthe For lunch,invite agroup ofyour friends Premier Palace Hotelisthe ers awiderange oforganic improve et breakfast et th century. In skintone, Palace Hotelis,infact, renowned for its Ukrainian baroque style.The Premier the HetmanSuite: a panoramic suite in Today, we have athematicroom called in aroom onthethird fl oor ofthehotel. Pavlo Skoropadsky, abdicatedpower new structure was completed. the Palast Hotel.ByJanuary1911,this Troupianskiy begananew buildingcalled two architects, AdolfMinkusandFedir of theboulevard andPushkinskaStreet, boulevard hadlargely beencompleted. By 1909,thebuildingat5,Shevchenka territory oftheone-timeZhevago estate. of themodern-day Hotelstructure, onthe a grand buildingthatwould becomehalf remain unaltered. the truetraditions ofUkrainian hospitality another, butthespiritofHoteland Olympic Stadium. Shevchenka boulevard, andthemodern street ofthecity, theleafy, grand Tarasa beautiful views ofKhreschatyk, themain the goodoldtimesandoff Hotel emanatescharm,returning usto In 1918,thelastUkrainian Hetman, In 1910,ontheproperty atthecorner In 1908,Lev Ginsburg decidedtobuild *** Time goeson,events replace one eig guests ering woven intothepictureofmodern Palace Hotel. leaders andpoliticalnamesatthePremier of famous artistsandscientists,business times. whom stayed attheHoteldiff bring backthesefamous guests,allof only refl ect various excitingepochsbut Orlova, andVertynskiy, thatnot Liubov the Roksolana,Serge Lifar, Vysotskiy, selection ofthematicalsuites,suchas duringabusinesstrip, premier-palace.phnr.com/en [email protected] +380 (67)4656600 Viber/Whatsapp/Telegram: Fax: +380 (44)2798772 Tel.: +380(44)2441200 Ukraine Kyiv 01024 5-7/29, T. Shevchenka Blvd./Pushkinska Str. Today, you canalsocatchglimpses erent 91 PROJECTS 15, Sahaidachnoho Str. 04070 Kyiv Ukraine +380 (44) 393 33 33 [email protected] www.rivierahouse.com.ua fl oor oor fl nd fl oor of Riviera House, you House, you oor of Riviera fl th SWEETBOOK.Pepper Edition is a Edition is a SWEETBOOK.Pepper On the 7 Try KAMA's Pan-Asian dishes and dishes KAMA's Pan-Asian Try House and КАМА restaurant Riviera confectionery located on the 2 confectionery of Riviera House hotel. Specializing in House hotel. Specializing in of Riviera desserts and classic making exclusive it has designer chef confectioneries, the transforming that allows furniture 50 to space to accommodate from 80 guests at the same time. can fi nd the Pan-Asian KAMA Restaurant KAMA Restaurant nd the Pan-Asian can fi classics to Pan-Asian approach with a new and a wide selection of wines to suit this while having taste. Enjoy anyone's and the river of Podil view a panoramic European of one of the largest port area consists of the main, restaurant The rivers. lounge hall, open kitchen zone, panoramic and a smoking room. VIP room, bar, zone, desserts that cause addiction. The KAMA bar is also another art object of A glass ceiling, light House itself. Riviera the most complicated installation is where mixed in signature tastes are Pan-Asian cocktails. of business and stand on the crossroads page and open a new of Kyiv ways cultural can feel you Here, hotel restaurants. for to you invite and we the spirit of history, chapter together with us! write a new details include wooden erent The hotel is built in the Scandinavian hotel is built in the Scandinavian The place Deluxe is a perfect ElixirSPA One can scarcely fi nd a better place to start fi One can scarcely than old Podil. his acquaintance with Kyiv House hotel is situated in the very Riviera heart of the historic district: on Poshtova Station. The the River just across Square, House allows unique location of Riviera an easy and pleasant its guests to have Descent and One to the Andriivskyi walk a ride on can go for Museum. They Street most the two funicular and reach the Kyiv Mykhailivska in the city, ancient squares yska. and Sofi interior designer Olga Ukrainian style. The to materials in order Dziuba used natural as concise as possible. The the area make diff creatively 3D installations. The panels resembling concise design is mixed with art objects: one hundred the hotel has around of the muralist paintings, including works Kobra. Eduardo recovery. and energy relaxation for and individual approach Professionalism, the salon's are high service standards cosmetics, state- Natural main values. of-the-art technologies, and unique SPA will strike the world all over services from the most in the hearts of even a chord demanding guests. Riviera House hotel, a place with a history of its own, re-opened after a reconstruction once more in once more re-opened after a reconstruction a history of its own, hotel, a place with Riviera House KAMA Restaurant, confectionery halls, the Pan-Asian suites, 3 conference put, 65 stylish Simply Kyiv. top. on district Podil and historic river the Dnipro of a beautiful view Edition with SWEETBOOK.Pepper RIVIERA HOUSE RIVIERA 92 PROJECTS areas andthehotelwithbrandHoliday InnKyiv managedby theInterContinentalHotelsGroup. of the capitalandconsistsofсlassAoffi The Toronto-Kyiv Complex isstrategicallylocatedintheheartofhistoricalandbusinessdistrict is thefi rst Holiday InninUkraine. The hotel the Toronto-Kyiv Complexand,ingeneral, in LosAngeles,USA. contests LITLightingDesignAwards 2019 one ofthetopprofessional lightingdesign project received theprestigious award of The St.NicolasCathedral’s illumination lighting designcompany –Expolight. developed andimplementedby Ukrainian The sophisticatedlightingsystemwas Ukraine, SDCapitalandToronto-Kyiv. four patron companiesMacPaw, Ring necessary nightilluminationthanksto St. NicolasCathedral received the Catholic Cathedral. Lastyear the Nicolas an incredible view totheSt. most beautifulcourtyards inKyiv with Moreover, Toronto-Kyiv hasoneofthe corporations andUkrainian companies. for numerous reputable International company –TKProperty ManagementLTD. Complex isoperated by themanagement hospitality, event management.The strategic real estateadvisoryand property andfacility management, maintenance ofpremises, development, The company specializes in:leasingand co-owner oftheToronto-Kyiv Complex. PJSC Toronto-Kyiv isthedeveloper and TORONTO-KYIV COMPLEX The Holiday InnKyiv hotelisapartof The Complexhasbecomehome of additionalbusiness projects. Ukraine Free Trade Agreement and anumber – during whichwas signedtheCanada Minister JustinTrudeau toKyiv inJuly2016, delegation andthevisitofCanadianPrime organization thereception oftheCanadian with CUCCandWNISEFwere copartners in between thetwo countries. bilateral Political andSocialpartnership visits toUkraine, where thekey issueisthe diplomatic missionsofCanadaonworking welcoming andaccompanying the relations withtheforeign partners by receptions like theCanadaDay Celebration. of ModernArtKyiv ArtFair ordiplomatic don’t Take Fake, the InternationalExhibition the brand show andstreet culture festival a new automodelby LexusorRollsRoyce, Ukrainian Fashion Week, presentations of Style Awards orfashion shows duringthe events andhappenings,suchas:ELLE become theplacefor various prestigious is basedontheworld-class LEED-principles. negative environmental impactofhotelsand InterContinental HotelsGroup toreduce the special program, whichwas initiatedby the –a part oftheIHGGreen Engagesystem off ers 208rooms. Holiday InnKyiv isa ce premises,retailandevent spaces,restaurantandboutique The Toronto-Kyiv Complex together The company permanentlymaintains The Toronto-Kyiv Complexhasalready MIPIM 2018and2019. largest internationalreal estateevent – award was presented duringthemainand attractiveness ontheglobalstage.The City’s development andinvestment Awards –thespecialaward for supporting Klitschko, theMayor ofKyiv, Kyiv Friends Complex withitsTeam received from Vitali cooperation between two countries. of thesuccessfultrade andeconomic (8) companies,asreputable examples the CanadianGovernment oneofeight the Toronto-Kyiv Complexwas chosenby Forum, whichwas heldinToronto in2016, For two years runningtheToronto-Kyiv For theCanadaUkraine Business www.instagram.com/torontokyiv www.facebook.com/torontokyiv [email protected] Fax: +380 (44)4958538 Tel.: +380(44)4958533 Ukraine Kyiv 03150 100, Velyka Vasylkivska Str. 93 PROJECTS skyi Av. ce center of the new format format ce center of the new 2V, Brovar2V, 02000 Kyiv Ukraine Lease: +380 (44) 462 52 46 +380 (67) 441 23 08 [email protected] best working atmosphere and increases and increases atmosphere best working And so, our motivation. the employees’ business the Venetsianskyi aim is to make center an offi business due to its unique and convenient environment. cient GBA 6,000 sqm The ce map. ces and public places. The designers of Venetsianskyi BC of Venetsianskyi designers The that the well-thought sure are We paid special attention to energy-saving paid special attention to energy-saving air conditioning system solutions. The heating and with heat pumps allows cooling the building to the required depending on the season. temperature tenants, each unit is equipped with For and the supply ventilation outlets for inlet conditioning system, and the built-in distributing which allows heat meter, the compensation of utility services in the system is Moreover, way. the fairest friendly because environmentally very supply to operate. it needs only power resource reducing allow Motion sensors consumption in offi the BC enables the And, moreover, installation of auxiliary backup generators such a need. if tenants have space effi of the working strategy important several solves organization the issues at the same time: it creates at ee ers ers ering ce and owever, ce center. oom. H ces with separate ce center territory is 0.8 ha. This technically advanced and fl exible exible and fl technically advanced This business center off Venetsianskyi offi The tenants oft for An additional benefi ered in shell and core state. Fit-out state. Fit-out in shell and core ered ce building has units with the area ce building has units with the area it is important to select premises ciency, A modern business center is not just a center is not just A modern business where space, but also a place working are solutions ideas and non-standard the work to provide In order generated. effi of offi strategy with a well-thought shop, and a conference r VENETSIANSKYI BUSINESS CENTER BUSINESS VENETSIANSKYI is all just about the public spaces. This business center. Venetsianskyi new offi center 250 to 1,000 sqm. Each of the from offi has four oors fl four off windows, and large terraces slopes, the of the Kyiv views panoramic Pechersk Motherland monument, the Kyiv bridge. All premises and the Metro Lavra, business center are at Venetsianskyi off both by and planning can be performed tenants and the landlord. a coff such additional services as a café, the managing company tenants’ request, of the is willing to consider the creation objects. other infrastructure beds with ower fl It is well-furnished: planted; a lawn plants were decorative part laid. The were and pedestrian alleys parking for of the territory is allocated for also has managing company The 60 cars. of the footpath reconstruction plans for to the offi the metro from road is possible: to the metro the transfer Later, it can be shuttle buses or electric segways, which will depend on tenants’ tastes. business center will be their Venetsianskyi on the banks of the area recreation own and the closest park zone. Dnieper River through motivation the employees’ For work nd the desired the possibility to fi to to switch balance, in particular, and life something in the middle of a business day productivity, with the purpose of increasing business of any factor becomes a key “thinking economy”. success in the new Venetsianskyi Business Center is a new location on the Kyiv offi Kyiv location on the new Business Center is a Venetsianskyi center of the capital,is located in the geographical opened in 2020. It GLA A class building and 4,000 sqm transport and public private both by an easy access characterized by Island, and is on the Venetsianskyi center). the business distance from walking is only 7 minutes of station metro (Hidropark