Investment REIT company Inzhur plans to merge five of its funds into one—Inzhur REIT—and is considering investments in retail parks, according to the company’s Telegram channel. According to the report, Inzhur REIT will include the funds “1001,” “2001,” Inzhur Supermarket, “Inzhur Zhitny,” and Inzhur Ocean. At the same time, Inzhur Energy will remain a separate fund.
Inzhur REIT will be valid until May 20, 2045, with a nominal value of UAH 10 per certificate and a yield of 9.5% per annum in US dollars. The planned issue is UAH 10 billion. The company will convert the acquired certificates of existing funds at the net asset value into certificates of the combined fund.
“Inzhur’s strategic goal for the next three years is to teach one million Ukrainians to invest at the most comfortable price: the new combined fund will make this possible,” the company said.
The new fund is expected to invest in real estate, land plots, corporate rights of companies, construction of new facilities, corporate bonds, and domestic government bonds. At the same time, retail parks should become a new area of investment.
“Retail Park is a very popular European form of ‘everything in one place’ establishments. Along highways and on the outskirts of cities, with excellent parking, there are various stores united by the concept of a shopping area. Inzhur is already purchasing land for its first retail park in the Kyiv region, exploring options, and conducting negotiations,” the statement said.
As Inzhur founder Andriy Zhurzhiy told Interfax-Ukraine, plots of 1.5-3 hectares in the suburbs with high traffic of potential buyers are being considered for future retail parks.
In addition, Inzhur is already preparing to acquire an existing shopping and entertainment center west of Kyiv worth about $36 million: technical, legal, and financial audits are being conducted, and documents are being prepared to obtain permission for the acquisition from the Antimonopoly Committee. It is noted that the shopping and entertainment center generates 15% of net operating income annually.
The first Ukrainian service for joint real estate acquisition, Inzhur REIT (Real Estate Investment Trust), was launched in early 2022 before the war. As of August 7, six Inzhur REIT real estate funds managed assets worth UAH 3.56 billion, had 20,400 co-owners, and generated UAH 866.7 million in dividends.
The founder and investor of Inzhur is Andriy Zhurzhii, chairman of the supervisory board of the investment fund Zhurzhii Ventures. The fund owns the development company Smile Development (which built and sold more than 35 Silpo and Fora supermarkets to investors, as well as the Optimisto residential complex in the village of Hatne near Kyiv) and the asset management company Investment Partners, which manages assets worth UAH 45 billion in Ukraine and the European Union.
A private equity fund from Central Asia – Brickstone Private Equity Fund CEIC Ltd (Kazakhstan) – has acquired Ukrainian construction company Watzenrode.
“As of July 15, 2025, I am no longer a shareholder of Watzenrode. This large company, which I founded in 2013, has grown to become a key player in the Ukrainian construction and now renovation market, showing stable growth even in wartime. The new owner, a private equity fund linked to the largest construction group in Central Asia, has multi-billion dollar revenues,” founder Ilyas Ertle said on LinkedIn.
According to YouControl, Brickstone Private Equity Fund CEIC Ltd (Kazakhstan) became the new owner with a 100% stake.
“With the change of management, Watzenrode has effectively become the construction company with the strongest financial backing in Ukraine. This creates an environment that sets Watzenrode up for success and for becoming a central player in the reconstruction of Ukraine,” Ertle wrote.
The team will continue to be led by Oleksandr Gura, Ilyas Ertle remains on the board of directors at the suggestion of the new shareholder.
Watzenrode provides design, construction and engineering services in the roles of contractor, general contractor and technical customer. In particular, the company was a subcontractor for the construction of the confinement of the Chernobyl nuclear power plant, realized together with NEFCO the project of renovation of the water supply system in Borodyanka, was selected as a general contractor for the expansion of the UNBROKEN Ukraine clinic in Bryukhovichi near Lviv at the end of 2024, etc. According to YouControl, Watzenrode LLC’s revenue for 2024 amounted to almost UAH 369.275 million, which is 2.3 times more than in 2023. The company’s net profit grew last year by 29% to UAH 13.8 million.
The US National Academy of Sciences is working to create a new multimillion-dollar joint science and innovation fund for Ukraine, US Special Representative for Ukraine’s Economic Recovery Penny Pritzker said.
“It will fund specialized cutting-edge research in the service of Ukraine’s economic development,” she said at the U.S.-Ukraine Partnership Forum on Wednesday in Washington.
She said similar initiatives by the U.S. National Academy of Sciences have already been implemented for Israel, India, Egypt, Pakistan and Mexico.
“This is in addition to $230 million in support for Ukraine’s private sector, including new funding for farmers, entrepreneurs, and small businesses in rural and underbanked communities,” Pritzker added.
According to the U.S. National Academy of Sciences website, it is launching the Science and Innovation Fund for Ukraine, supported by about $8 million from the Simons Foundation and the Chan Zuckerberg Initiative and other U.S. philanthropic organizations, with the goal of raising at least $15 million to support the first three years of operation. ETH Zürich is also in the works to create it.
It is noted that the Foundation will provide merit-based grants to individuals and organizations for a range of activities, including: workshops to address scientific issues critical to Ukraine’s long-term renewal; bilateral and multilateral initiatives to advance science policy practice.
It is also envisaged to support Institutes on priority S&T topics contributing to the future of Ukraine; fellowships and research grants to support early and intra-career scientific exchanges; and training on the commercialization of scientific research
It is envisioned that it will include grant funds to support the participation of Ukrainian researchers in international scientific research.
It is stated that the Fund will be managed by a Secretariat based at the U.S. National Academy of Sciences, which will attract partners in Ukraine, additional funds, manage the application process, allocate and monitor the Fund’s expenditures, and evaluate the impact and effectiveness of the Fund’s activities.
The Norwegian government is preparing to invest about NOK 1.5 billion in the UK-led International Fund for Ukraine.
According to the Norwegian government’s website, the investment comes in addition to the NOK 400 million that Norway previously donated to the fund. The funding was used to purchase drones, drone suppression equipment and artillery shells.
The new donation is part of the NOK 3 billion that the Norwegian government will provide for military support to Ukraine in 2022.
The Fund for Reconstruction and Development of Ukraine, together with the Kontramarka Help project, plans to create a rehabilitation center for civilians and military personnel in western Ukraine, and later in other regions, president of the fund Artem Honcharenko has said.
“One of the projects that will be implemented by the Fund for Reconstruction and Development of Ukraine together with Kontarmarka Help is the creation of a rehabilitation center for civilian and military people. We plan to create it in the western region, and then scale it all over Ukraine,” Honcharenko said during press conference at Interfax-Ukraine on Thursday.
According to him, the center will provide assistance in physical and psychological rehabilitation, reintegration into civilian life, and job search.
“We have been seeing this problem since 2014, when combatants were not particularly actively recruited. Now there will be even more such people, so the problem needs to be solved in the near future,” he said.
The Fund for Reconstruction and Development of Ukraine (https://rdua.eu/) was established in April 2022 at the initiative of the International Technology Transfer Association and the I-Dolina start-up platform to organize and deliver humanitarian aid to Ukraine.
ARTEM HONCHARENKO, DEVELOPMENT, FUND, RECONSTRUCTION, REHABILITATION CENTER
Some 18 Canadian companies and organizations, including the National Bank of Canada, Bombardier, Broccolini, KPMG and others, have teamed up to resettle 1,000 families of Ukrainian refugees in the near future, according to a press release from the music and media company Stingray (Montreal, Canada).
“As we watched the conflict unfold and witnessed the forced displacement of millions of Ukrainians, we could not stand by without doing our part. We are impressed by the quick response, active participation of businesses, and interest of all levels of government in making this initiative a reality. Together, we hope to welcome up to 1,000 Ukrainian families, starting in the coming weeks,” President, Co-Founder and CEO of Stingray Eric Boyko said.
“These companies have agreed to welcome up to 80 families each, ensuring that they are well looked after throughout the process. While responding to labor needs, these companies are offering newcomers work, access to lodging, and means of subsistence while preserving these families’ dignity throughout this challenging ordeal,” the report says.
CANADIAN COMPANIES, FUND, REFUGEES, SETTLEMENT, SUPPORT, UKRAINE
