Business news from Ukraine

Business news from Ukraine

Greenville Has Resumed Construction of Prostir Residential Complex in Lysynychi

Construction work at the Greenville Prostir residential complex (Lviv Oblast, Lysynychi village, 2 Osvitna St.) has resumed following the resolution of a legal dispute regarding the terms of use of the land plot.

According to the developer’s press office, the dispute centered on the amount of rent for the land plot in Lysynychi. As part of the settlement, the Greenville Group and the Lviv City Council agreed on a new rent amount and a mechanism for compensating the community budget for the difference arising from the previous period of land use.

“As the project’s developer, we took responsibility for finding a solution. It was important for us not to prolong the legal dispute but to find a model that takes into account the interests of the city, the community, and our investors. Today, this issue has been resolved, and we are resuming work on Greenville Prostir,” said project manager Oleg Kozub.

On August 11, the Lviv Regional Commercial Court approved the agreement reached by the parties and closed the case. With the court restrictions lifted, the company was able to resume construction work on the site.

The company’s next step is to restore construction work to full speed and present investors with an updated project timeline.

According to the LUN new-construction portal, the Greenville group of companies, founded in 2007, is carrying out projects in Lviv and Kyiv; since 2010, 45 buildings have been commissioned, and six buildings are currently under construction.

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Greenville developer commissioned 15,400 square meters of housing in Lviv in 2025

The Greenville group of companies commissioned 15,400 square meters of housing in Lviv in 2025 and continues to implement two projects in the capital, its press service told the Interfax-Ukraine news agency.

“In 2025, we have virtually completed the Greenville Park Lviv residential complex in Lviv. A total of 15,435.6 square meters (276 apartments) were built during the year. In November 2025, the final building of the complex was commissioned, so now all residential buildings of Greenville Park Lviv have been fully completed. Final work is currently underway on the construction of a parking lot, which is the final stage of the project,” said Yulia Bilen, head of the Greenville sales department in Lviv.

According to her, the aspect of inclusiveness was incorporated into the Greenville Park Lviv project even before the full-scale war, in particular, barrier-free entrances, convenient layouts, and accessible common areas were provided for. However, important changes were made during construction.

“Yes, with the first blackouts, we quickly adjusted the technical solutions. In particular, we provided a backup power supply in the tallest 20-story building. The building was equipped with a generator that guarantees the operation of elevators and common areas during power outages,” Bilen explains.

As for the company’s projects in the capital, multi-level underground parking lots are being built in the stylobate part of the Greenville Park and Greenville business-class residential complexes in Pechersk, as well as shelters and generators. Measures for inclusivity are provided for in the DBN “Inclusivity of Buildings and Structures”: ramps, signs with Braille inscriptions, voice guidance in elevators, etc. There is also a system that brings the elevator car to the nearest floor, which prevents it from getting stuck during emergency power outages.

“We try to adhere to the ‘8/80’ principle: when the territory of a residential complex is equally comfortable for an 8-year-old child and an 80-year-old pensioner. Such an environment includes wide pedestrian areas, ramps, elevators with wide entrances, navigation, voice guidance, lighting, etc.,” explained Natalia Dubik, head of Greenville’s Kyiv projects.

Greenville is a vertically integrated group of companies that has been operating in the field of renewable energy and residential and commercial real estate for over 20 years. According to the LUN new construction portal, the company is engaged in development activities in Kyiv and Lviv. Since 2010, 45 buildings have been commissioned, and 6 buildings are under construction.

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Greenville to build apartment complex in Kyiv and residential complex in Lviv in 2025

Greenville Group plans to launch a new apartment complex in Kyiv and a comfort+ residential complex in Lviv in 2025, the group’s press service toldInterfax-Ukraine.

“Greenville Group is building business class residential complexes Greenville Park and Greenville in Pechersk in Kyiv. Next year, we plan to launch two new projects – an apartment complex in Kyiv and a comfort+ residential complex in Lviv. Both projects are currently under development,” the company said.

By the end of 2024, the developer completed the construction of 19.4 thousand square meters of housing in its capital projects. Next year, it is planned to start construction of section 9 in the Greenville residential complex, complete sections 6-7 and underground parking, and complete the facade and installation of power grids, water supply, and heating systems in the Greenville Park residential complex.

According to the group, customers are taking a wait-and-see attitude and are in no hurry to invest in business class housing.

“According to our observations, almost 60% of visits to sales departments are due to pent-up demand. Another massive missile strike on Kyiv is almost guaranteed to postpone the signing of agreements for 3-6 months – people need time to recover and re-evaluate the feasibility of the purchase,” Greenville explained.

In addition, fewer deals are being made in the higher-end housing category under the eOselya program: in 2024, the company concluded five such agreements. At the same time, alternative programs from developers are growing in popularity. According to Greenville’s analysis, the number of customers who used installment programs increased by 15% year-on-year.

Greenville Group was established in 2007. It makes joint investments in construction projects based on green technologies and invests in renewable energy projects.

The company’s portfolio includes four residential development projects in Lviv (RC Misto Trav, Dobra Oselya, Greenville House, Greenville Park Lviv) and two projects in Kyiv (Greenville and Greenville Park).