The development company Alterra Group, which is currently implementing the Formatsiya.Lviv industrial park project, intends to build a network of seven such parks, said Olena Podolska, head of the company’s international business unit.
“Lviv will be our first park, then we will go to Rivne, two will be in Kyiv, and then we will return to the western region – Ivano-Frankivsk, Vinnytsia, and Khmelnytsky,” she said during the Ukrainian Automotive and Mobility Forum 2024 in Lviv, organized by the Ukrainian Automotive and Mobility Cluster with the support of the USAID Competitive Economy of Ukraine Program.
Podolska noted that there are already several local manufacturers who plan to open 10,000 square meters of production facilities in the Formation.Lviv IP, including the USP sandwich panel manufacturer.
In addition, during the forum, the CEO and owner of Lois Motors LLC, which is implementing a project to create a light electric vehicle LUAZ and plans to scale it up, announced his interest in locating his production in the park.
“I plan to scale up the project and cooperate with the Formatsiya.Lviv industrial park to open either a car production facility for people with disabilities or the next stage of our production,” he said during the forum.
Alterra Group is building 150 square meters of production, warehouse and office space on 30 hectares of land in Formatsiya.Lviv (formerly Formatsiya.Syhnivka). It will include a prototyping laboratory, R&D center, business incubator, event space, offices, and showrooms.
According to the project presentation, the first phase of the park is scheduled to be commissioned in the first quarter of 2025.
Alterra Group LLC is a Ukrainian company specializing in the development and management of turnkey commercial real estate.
The company manages 35 facilities with a total area of 175 thousand square meters. These include warehouse and production complexes, business centers, shopping and entertainment centers.
The company’s completed commercial real estate projects in Ukraine include the PORT logistics center, PROSTIR business hub (both in Lviv), Palo Alto business center (Kyiv), and Joule and JAM warehouse complexes in Kyiv region.
