UDP DEVELOPER, LVIV STANDARDBUD LLC TO BUILD LVIVTECH.CITY INNOVATION PARK IN LVIV

Business news from the Ukrainian League of Industrialists and Entrepreneurs

UDP DEVELOPER, LVIV STANDARDBUD LLC TO BUILD LVIVTECH.CITY INNOVATION PARK IN LVIV

18 May , 2017  

KYIV. May 18 (Interfax-Ukraine) – Kyiv-based Ukrainian Development Partners (UDP) jointly with Lviv StandardBud LLC (Lviv) are implementing a project on construction of the LvivTech.City innovation park in Lviv, UDP said in a press release on Wednesday.
According to the report, UDP buys 25% of the charter capital of Lviv StandardBud LLC to participate in the project. The sides have arranged that the agreement will be signed by late June 2017.
LvivTech.City will be located on a land parcel of 1.77 ha on the territory of the industrial zone of former Lvivprylad plant. The project would allow creating new jobs and open the territory of the closed enterprise for society.
Potential residents of the innovation park will be high-tech companies operating in IT, energy saving, bio technologies and other spheres, businessmen and startups, research centers, incubators and accelerators, educational initiatives in the technologies and design area.
“It is planned to create modern eco-system stimulating to develop for high-tech companies in the innovation park. The project envisages the creation of the complex infrastructure using the “live-work-study-relax” principle: business (class A offices, conference centers), technological (all the required communications) and social (educational and recreation centers, medical centers, dwelling, stores and other buildings),” the company said in the press release.
According to the report, the gross area of the office sector of the LvivTech.City will be over 40,000 square meters. The park would have parking zones, green zone and territories for recreation. In addition, the project will be implemented meeting the LEED green building standards.
The completion of the first stage of the LvivTech.City is scheduled for H2 2018.
“This is a social project for our company, as its approximate payback period is over 15 years. We have decided to take part in it, as we believe that this is a strategic investment. The future of Ukraine is development of advanced technologies. Lviv has a large potential in the area. The favorable conditions are required for development. They could be created in the innovation parks. We are glad to use own knowledge and experience to build a modern European innovation park in Lviv,” the company said, citing Ukrainian businessman, founder of K.Fund and a majority shareholder in UDP Vasyl Khmelnytsky.
Ukrainian Development Partners (UDP) was founded in 2002 as a managing company to consolidate assets and operations in the field of real estate.