Industrial investors are looking for brownfield projects (on the former industrial zones) and are ready to invest in Ukraine now, said the managing partner of CBRE Ukraine Radomir Turcan during the architectural and construction business forum “Rebuilding the country. A Strategy for Change for Architects, Developers and Developers.”
“Active hostilities in the east of the country forced industrial businesses to leave the war zone and move to safer regions of western and central Ukraine. This has given a boost to the development of industrial real estate and the creation of new industrial parks in the region, and this trend will grow in the next three to five years,” he said.
According to the Ministry of Economy of Ukraine, during 2022 800 enterprises were relocated to safer regions of the country, 623 of which have already resumed work in the new place. Most of the enterprises relocated to Lviv (24%), Transcarpathian (14.5%), Chernivtsi (9.8%), Ivano-Frankivsk (8.3%), Khmelnytsky (7.3%), Ternopil (6.3%) regions.
“Activation of demand for industrial plots and objects is especially noticeable in the western regions. In addition, we note the potential demand from international investors who are ready to develop industrial production in Ukraine, which will work for the EU market,” – said Tsurkan.
Headquartered in Los Angeles (USA), CBRE is the world’s largest commercial real estate consulting and investment firm, with revenues of $30.8 billion in 2022 and is listed by Fortune as one of the world’s 500 largest companies.
The shares of CBRE Group Inc. are traded on the New York Stock Exchange.
CBRE’s Ukrainian office opened in January 2008, is part of the company’s affiliated network.
