Business news from Ukraine

Business news from Ukraine

DUTCH CTP TO START BUILDING INDUSTRIAL PARK IN LVIV IN MID-2016

25 May , 2016  

KYIV. May 25 (Interfax-Ukraine) – CTP Company (the Netherlands), a large industrial developer in Europe, seeks to start building the STPark industrial park in Lviv in the middle of 2016, Head of the foreign economic relations and investment department of Lviv City Administration Olha Sivak said at the Ukraine-China: New Silk Road investment session on Monday.

The cost of the project is EUR 50 million.

“We hope that this year the first companies for the project would be found. CTP does not build for no special reason – they first find a client and then build infrastructure and communications to meet the client’s requests […] Now CTP is holding negotiations with its portfolio clients in other countries on the possible transfer of production facilities to Lviv or opening new plants here,” Sivak said.

She said that CTP seeks to invest EUR 50 million in construction of A class warehouses on a land parcel of 24 ha. The production area would be over 100,000 square meters.

Sivak also said that local authorities intend to build a multifunctional center for hosting conferences and exhibitions not far from the Arena Lviv stadium on a land parcel of 8 ha.

“We understand that there is big demand on conference industry,” she said.

The area of the conference center would be 27,000 square meters and it would be able to host 3,500 people.