Management company Astrobuild, the ultimate beneficiary of which is entrepreneur Vasyl Khmelnitsky, has consolidated under management the industrial assets of two industrial parks – Belaya Tserkva and Belaya Tserkva 2 – projects of Khmelnitsky’s holding company UFuture.
According to the press release of IP “Bila Tserkva” on Wednesday, the consolidation process was finalized by signing an agreement of the initiator of the creation of IP “Bila Tserkva 2” with the management company Astrobuild, which became the management company of IP “Bila Tserkva” earlier this year.
“This company is a professional developer, performs construction and service works on the territory of the IP and adjacent areas owned by the initiator of the creation of the IP, actively helps in attracting residents, so it is logical that the list of areas of cooperation was expanded”, – explained to the agency “Interfax-Ukraine” the conclusion of contracts with the new management company.
According to the director of FE “Bila Tserkva” Andrey Ropitsky, which are cited in the press release, the purpose of consolidation is to create a more effective mechanism for managing the portfolio of assets of FE “Bila Tserkva” and “Bila Tserkva 2”, centralization of some service and management functions.
According to the information in the press release, in particular, the full development of IP “Belaya Tserkva 2” should create more than 1100 new jobs, with an annual payroll of more than UAH 400 mln.
The total investment in its full development and functioning will amount to about $154.9 million.
“In terms of 1 hectare of IP territory it is from $4.5 mln to $6.6 mln depending on the stage of park development. If all the works planned by the business plan are performed, the IP will generate up to UAH 30 million of taxes and fees per year for Bila Tserkva community,” the report says.
The press service notes that to achieve this indicator in 2024 attracted the first resident and began work on the development of the territory of the industrial site for new construction.
“On the territory of the IP is planned to build production and warehouse premises”, – specified to the agency in the press service, noting that given the fact that the territory of the Kiev region periodically falls under enemy attacks ballistics or drones, information about construction plans is disclosed only with the consent of residents.
In turn, the business plan of Bila Tserkva, where only 33% of the land area (12 hectares) remains free for lease or sale, has not undergone significant changes.
On the developed territory of the park 41 square meters of production and storage facilities were built and 14 residents were attracted, including Unilever, InTiCa Systems, Pripravka, as well as companies that became residents before the full-scale military invasion of Russia in Ukraine – logistics office of “Novaya Posta”, a complex of storage of sod “Volytsya Agro”, a factory of electrical fittings Plank Electrotechnic, a manufacturer of high-rise stepladders Virastar.
About $50 million has been invested in the development of the IP “Bila Tserkva”, and its concept provides for the construction of additional 52 thousand square meters of industrial buildings and attraction of another $47.5 million of investment.
The press service of the agency noted that information about all residents of the park is not disclosed for security purposes.
IP “Belaya Tserkva” and “Belaya Tserkva 2” were included in the Register of industrial (industrial) industrial parks in 2018. They offer industrial land with all engineering and transportation infrastructure, as well as production and warehouse buildings and logistics complexes for lease or purchase.
Astrobuild LLC has developed more than 10 hectares of industrial land and commissioned more than 12,000 square meters of production and warehouse space since its establishment in 2019.
The founders of the company, according to Clarity Project, are two closed-end venture capital corporate investment funds, Navis and Yufuche Ventures, with Vasily Khmelnitsky as the ultimate beneficiary.
