The total turnover of Budhouse Group shopping centers in 2025 reached UAH 15.4 billion, which is 27% more than in 2024, with a 17% increase in euros, the company’s press service told the Interfax-Ukraine news agency.
Compared to pre-war 2021, revenue increased by 49% in hryvnia terms, while in currency terms, this figure grew by only 1%. It is noted that these figures are primarily due to the forced closure of the Fabrika shopping center and the fact that the Inditex and H&M stores have not yet resumed operations in the Nikolsky shopping center in Kharkiv. At the same time, facilities that were not damaged showed steady growth in revenue in euro terms compared to 2021: the Lubava shopping center exceeded this level by 26%, and Forum Lviv by 44%.
The total number of visitors to the company’s shopping centers in 2025 reached almost 26 million (+13% compared to the previous year).
This trend is largely due to the recovery of the Nikolsky shopping center in Kharkiv. While in 2024, due to constant shelling of the city and prolonged unrest, the facility recorded a significant decline, in 2025, it saw steady growth, reaching 32% over the year. By the end of 2025, Nikolsky had practically reached the 2021 attendance level, welcoming about 1 million guests per month.
The Lubava and Forum Lviv shopping and entertainment centers also ended the year with positive results, with traffic growth rates of 4% and 2%, respectively.
On average, there are 629 visitors per 1,000 square meters of leasable space in the group’s properties.
Throughout 2025, the company managed to keep vacancy rates at a minimum of 0.8%, which is virtually the same as in 2021. At the same time, the Nikolsky shopping center still has vacant spaces for Inditex and H&M retailers.
Last year saw a higher tenant turnover rate compared to 2024. In operating centers, 42 new lease agreements were signed for a total area of 7,900 sq m, compared to 4,600 sq m in 2024. Among the most notable openings were the Jysk store in Nikolsky and the Fly Kids entertainment center in Lubava.
Significant work was carried out at the Forum Lviv shopping and entertainment center: thanks to a series of relocations and the attraction of more than 10 new brands, it was possible to qualitatively update the tenant mix of the shopping center.
At the end of 2025, the company began designing the second phase of the Lubava shopping and entertainment center with a total area of 12,000 sq m.
As for other projects, the construction of the Khortitsa Mall shopping and entertainment center in Zaporizhzhia and the Yessa shopping and entertainment center in Odesa, which began in 2021, is currently suspended until the end of hostilities. The company also plans to renovate the Fabrika shopping and entertainment center, which it will be able to start after the security situation stabilizes and the shelling of Kherson stops.
Budhouse Group is a full-cycle company engaged in the investment, development, and management of sustainable assets in the real estate sector. Since 2009, it has opened four shopping centers: Fabrika (Kherson), Lubava (Cherkasy), Forum (Lviv), Nikolsky (Kharkiv) — and the Khortitsa Palace hotel (Zaporizhzhia). Linden Luxury Residences was commissioned in the spring of 2023.
