Business news from Ukraine

Ukrainian Alfa Development Group completes construction of almost 250 thousand square meters of new warehouse real estate projects

Ukraine’s Alfa Development Group is completing the construction of new warehouse real estate projects with a total area of about 244 thousand square meters, with commissioning scheduled for 2023-2024, said Maxim Onufrienko, CEO of the group.

According to him, the construction of the second and third phases of the Oleksandrivskyi logistics center (Chubynske village) with a total area of 115.2 thousand square meters is being completed in Kyiv region. Completion of the second stage (12.6 thousand square meters) is scheduled for October 2023, and the third stage (40.7 thousand square meters) – in March 2024.

“This is a multi-mode warehouse complex, which means that there is both freezing, refrigerators, and dry storage. I must say that we have already leased 50% of the second stage, scheduled for commissioning in October 2023, and signed contracts with customers. This confirms the growing demand for warehouse real estate in Kyiv,” Onufrienko said at RAU Expo 2023 in Kyiv on Tuesday.

Other projects in the Kyiv region, he said, include the Dudarkiv warehouse center with a total area of 45.5 thousand square meters, scheduled for commissioning in January 2024. About half of the first phase’s area (23.1 thousand square meters) has already been leased.

In addition, the construction of a logistics complex with a total area of 159.6 thousand square meters is underway in Chaiky village. The completion date for the first (19.5 thousand sq. m) and third (27.2 thousand sq. m) phases is March 2024, and the second phase (23 thousand sq. m) is May 2024. After that, the project envisages the implementation of two more stages.

In Dnipro region, Alfa Development Group is building two projects: the Shynnyi Industrial Park (Dnipro) and the Peredovyi warehouse center (51.3 thousand square meters, Chumakivska village council).

“Shynnyi is the first industrial park in Dnipro. We started it in early 2022, before the war. We negotiated with Ukrposhta, but this is still a thing of the past. So now we are building an industrial park. The construction plans for January 2024 include 130 thousand square meters, of which 34% have already been signed with a major client,” said Onufrienko.

In addition, a warehouse complex in Kropyvnytskyi with a total area of 14.2 thousand square meters is planned to be commissioned in October 2023.

The group also has a facility in Odesa, Odesa Logistic Park, which was damaged during Russian shelling.

“In Odesa, we have two warehouse complexes, one dry warehouse with a total area of 38 thousand square meters and a cold logistics facility with 27 thousand square meters. We had an arrival in Odesa, after which we have half of the dry warehouse left, which we are reconstructing. In September, we will complete 14 thousand square meters, which is almost half. We restored the refrigerators back in May,” said the CEO.

Next year’s plans also include the construction of a new logistics complex in Lviv with an area of 50 thousand square meters. Onufrienko told Interfax-Ukraine that the warehouse will be put into operation in 2024.

The expert noted that all of the company’s facilities are equipped with generators in case of power outages in the face of Russian aggression. In addition, shelters are being built at the facilities and new fire safety systems are being installed.

Alfa Development Group was founded in 2005. It holds one of the leading positions in the warehouse real estate market of Ukraine. Its portfolio includes 16 completed facilities with a total area of over 326 thousand square meters.

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