KYIV. May 17 (Interfax-Ukraine) – Kyiv Investment Agency (KIA) plans by the end of 2016-the beginning of 2017 to raise about $2 billion for projects in real estate and infrastructure, KIA Head Oleh Mistiuk has said at the fourth international investment conference New Ukraine in Kyiv.
“There will be a few transactions in 2016 and in early 2017, not only in real estate but also in other areas, which together will amount to about $2 billion,” he said.
He said some 25 projects are to enter the market by the end of the year, another 50 projects of Kyiv Investment Agency are to be brought to the market by 2017.
According to Mistiuk, most projects are designed for 3-4.5 years. They are supported by international financial institutions within the EBRD, the European Investment Bank.
“The basic idea is to ensure the profitability of certain projects. There is always a balance between the social needs of the city and commercial interests. Therefore the city tries to add a social element to each of these projects, making it quite valuable to society. This applies not only to residential real estate but also commercial property,” he said.
