The development company Budhouse Group will invest about EUR 314 million in three projects in the next three years, namely in the Yessa (Odesa) – about EUR 12 million, the Khortitsa Mall (Zaporizhia) – EUR 82 million, and in the Hartz complex (Kyiv) – about EUR 220 million, Anatoliy Shkribliak, founder and shareholder of one of the largest Ukrainian developer Budhouse Group, said in an exclusive interview with Interfax-Ukraine.
“This summer we are resuming the construction of the Yessa shopping and entertainment center in Odesa, we plan to complete it in about a year and two months, in the autumn of 2021,” Shkribliak said.
The expert added that since the project was suspended in 2014, its reconception will be carried out.
In addition, this summer, the construction of the Khortitsa Mall project (the former working title is the Fabrika-2 Mall) will begin in Zaporizhia.
“This object will be built on a destroyed industrial zone located on the main highway of Zaporizhia. Investments in the construction of a new shopping and entertainment center, with a total area of 85,000 square meters and a lettable area of 65,000 square meters, will amount to about EUR 82 million. In two years and a half this center will become the largest and most preferable in Zaporizhia,” Shkribliak said.
The site for the multifunctional complex Hartz in the center of Kyiv on the Peremohy Avenue was cleared back in 2011. “The project in the Ukrainian capital should become the ‘icing on the cake’. We will start its construction after the completion of projects in Odesa and Zaporizhia,” Shkribliak said.
According to him, the estimated payback period for projects is eight years or more.
BUDHOUSE GROUP, DEVELOPMENT COMPANY
