Cypriot-based Ensitar Limited, owned by the businessman, the former head of the presidential administration, Borys Lozhkin, has acquired a 49% stake in the developer of a residential complex in Hilden, the satellite city of Dusseldorf (Germany), from the German developer Liwon Real Estate GmbH. “In July 2017 Lozhkin’s Ensitar Limited acquired a 49% stake in the newly established Liwon Hilden GmbH. Some 51% of its shares belong to the German developer Liwon Real Estate GmbH. The company implements projects for construction of commercial and residential real estate throughout Germany, buys land plots for them and agrees projects with the local authorities. Investors are attracted to finance construction,” Deutsche Welle reported.
It also notes that, according to the German trade register, ex-Minister of Infrastructure of Ukraine Andriy Pyvovarsky is the executive director of Liwon Hilden developer, established in 2017.
According to the publication, the completion of the residential complex is scheduled for the end of 2019. The infrastructure of the facility includes 115 apartments with shops and an underground parking lot. The complex will appear on the site of the old shopping center, the demolition of which is planned for the near future. As reported, Samaan Capital with a charter capital of UAH 1.25 million, owned by Cypriot Ensitar Limited and whose ultimate beneficiary is Borys Lozhkin, was includes in the single state register in late May 2016.
