Stolitsa Group has received the first tranche of loan financing from the European Bank for Reconstruction and Development (EBRD) as part of a previously signed $35 million loan agreement, according to the developer’s press office.
“Stolytsa Group views this stage of cooperation with the EBRD as an important signal for the entire Ukrainian real estate market. It demonstrates that even amid the war, Ukrainian private real estate development can attract international institutional financing provided there is transparent management, proper financial discipline, and compliance with international standards,” the press release states.
The funds raised are expected to be used to complete the next phase of the “Varshavsky” residential complex in Kyiv, as well as to finance subsequent phases of the project and improve the energy efficiency of Stolytsia Group’s residential complexes.
The project will receive first-loss risk coverage from the European Union under the Ukraine Investment Framework guarantee agreement (the “Municipal, Infrastructure, and Industrial Resilience Guarantee Plus” program).
The funding will enable Stolytsa Group to strengthen the financial foundation of its construction processes, ensure the consistent implementation of planned construction phases, fulfill its obligations to investors, and increase the company’s capacity to bring completed housing units to market.
As previously reported, in March 2026, the EBRD approved a loan of up to $35 million for Stolitsa Group LLC.
According to information on the developer’s website, Stolitsa Group has been operating in the Ukrainian market for 22 years and has commissioned 140 residential buildings. The total area of completed housing units amounts to 1.5 million square meters. The developer’s portfolio also includes the Retroville shopping center with a total area of 120,000 square meters.
