Business news from Ukraine

CHERDAK co-working centers were opened in business centers of Dragon Capital

As the press-service of the company informed Interfax-Ukraine, the co-working occupies more than 757 sq.m in BC Platinum (3A, M. Grishko Str.) and 1017 sq.m in BC Eurasia (75, Zhilyanskaya Str.).
According to the press service of CHERDAK, the cost of a non-fixed workplace is $150/month, fixed $190/month, single entrance – 300 UAH.
CHERDAK network of co-working centers plans to expand its activities in the office facilities of Dragon Capital, negotiations are now underway.
Dragon Capital is one of the largest investment and financial services groups in Ukraine and provides a full range of investment banking and brokerage services, private equity, asset management for institutional, corporate and private clients. The company was founded in 2000 in Kiev. One of the key activities of Dragon Capital are investments in real estate market.
Its commercial real estate portfolio is managed by Dragon Capital Property Management. As of November 2022 there are 29 commercial properties under management, including 13 office properties, six retail properties and 10 logistic complexes.

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OPENING OF EIGHT BUSINESS CENTERS IN KHMELNYTSKY SCHEDULED BY LATE 2020 – UTG CONSULTING COMPANY

Average vacancy of business centers in Khmelnytsky was 6.7% by August 2019 and by late 2020 it is planned to expand total supply of office space by 24,100 square meters thanks to the launch of eight new business centers, UTG consulting company (Kyiv) has reported.
“In 2018, supply in Khmelnytsky was expanded with two business centers with a lettable area of 8,400 square meters: Luxury class B business center (GLA is 3,700 0 square meters) and Parus class A business center (GLA is 4,700 square meters) However, the main increase in office space in the city was seen in 2016, when 26.4% of the total market supply was built or reconstructed and put into operation, or in absolute terms – lettable area of 12,400 square meters,” UTG Senior Analyst Oksana Gavrilevich told Interfax-Ukraine.
According to her, as of August 2019 in Khmelnytsky there were 19 office buildings with a total lettable area of 51,100 square meters, which corresponds to an indicator of 187.8 square meters per 1,000 inhabitants.
In the structure of supply, business centers of class A occupy 9.2% of the total supply (4,700 square meters), class B – 52.4% (26,800 square meters) and class C – 38.4% (19,600 square meters).
The average vacancy rate in the city’s business centers in August 2019 in terms of classes was: 19% for class A, 7.3% for class B and 2.9% for class C.
The requested rental rates (excluding VAT and OPEX) in office premises in August were: for class A – UAH 300 per square meter ($12), class B – UAH 142 per square meter ($ 5.7), class C – UAH 94.7 per square meter ($3.8).
“For the coming years, office premises are announced for commissioning only in class B. Given the timely commissioning of new projects, by the end of 2021, the total leased area of the city’s business centers will be 65,300 square meters, or 239.8 square meters per 1,000 inhabitants,” Gavrilevich said.

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CITY CAPITAL GROUP INTENDS TO INVEST $50 MLN IN BUSINESS CENTERS IN KYIV

City Capital Group (CCG, Kyiv) of Israeli businessman Ofer Kerzner, managing the Platforma art factory in Kyiv, plans to invest more than $50 million in opening new offices in the capital in four years. “The office real estate market is coming to life. All experts predict an increase in the demand in this segment. IT companies are declaring a shortage of quality space. We respond quickly to the increasing interest and are working to become the largest ecosystem of innovative office spaces in Ukraine … During the next four years, the company will use at least $50 million for investment,” Maria Kazantseva, a member of the board of directors of City Capital Group, said in an interview with Interfax-Ukraine.
According to her, all new CCG projects will be a revitalization of old industrial facilities. All the new office formats of the company (the Voronin factory, the Innovation Park platform and the project in Skovorody Street in Podil) will be included in the umbrella brand Platforma.
City Capital Group was created by Israeli businessman Ofer Kerzner in 2007 to implement projects in the field of development, construction and property management in Ukraine.

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