Saga Development will build the Franklin Concept House premium class complex with commercial and office space located at 69, Honchara Street in Shevchenkivsky district of Kyiv. “This is the first residential complex in Kyiv with a five-star level of service. The building will feature exquisite architecture, innovative concierge service, developed internal infrastructure and a location in the city center,” the Saga Development press service said in a statement.
According to him, the apartments will be accompanied by round-the-clock service, including concierge services and a porter. In addition, the complex provides round-the-clock security and a video surveillance system with access to cameras from a mobile application.
The building will have from seven to 19 floors. The residential complex has 141 apartments, some of which include terraces. On the lower floors there will be commercial premises and offices. Infrastructure also provides parking for 37 cars.
According to LUN.ua website, the estimated commissioning dates are the fourth quarter of 2022.
The developers of the project are Saga Development in partnership with Perfect Group and Kyivproekt Development. The customer of the project is Concept-Plaza LLC, and the general contractor is Nika Ltd.
The Saga Development project portfolio includes 17 residential complexes at different stages of implementation: Rybalsky, Chicago Central House, San Francisco Creative House, New York Concept House, Bristol Comfort House, Einstain Concept House, Resident Concept House, Philadelphia Concept House, Happy House, (all based in Kyiv), Kandinsky Odessa Residence and Art Kvartal City Space (both are located in Odesa) and others.
Around 1.5 million foreign tourists and 2.2 million Ukrainian tourists visited Kyiv in January through September, 2019, Kyiv City Council has reported.
“According to the Tourism Promotion Department of Kyiv City State Administration, 1.5 million foreign tourists visited the capital over the review period. Around 2.2 million Ukrainian tourists also visited Kyiv. The city received tourism fees in amount of UAH 61 million,” reads the statement on the city council’s website posted on December 11.
The report on the implementation of the targeted program for tourism development in Kyiv over nine months in 2019 reads that the municipal authorities regularly control the quality of services provided for tourists in the capital city. In particular, a working group was created to check hostels.
“Regular checks are held at the hostels that raise concern according to the approved schedule. We have checked 105 such facilities. Only around a dozen of hostels regularly pay taxes, tourism fees and meet the sanitary standards,” the chairman of the standing commission for culture, Viktoria Mukha, said.
According to the report, a range of large-scale events were held in Kyiv over the first nine months of the year to attract tourists, including Moto Open Fest, Kyiv Food & Wine Festival, Courage Bazaar, Atlas Weekend, Kyiv Art Week.
The tourism department also participated in five international exhibitions in Ukraine and abroad, in particular in Serbia, Azerbaijan, London and Dublin, with the aim of improving Kyiv’s tourism attractiveness.
Azerbaijan’s Buta Airways low cost carrier will operate flights to Kyiv at Boryspil International Airport from January 22, 2020, the airline’s website said. Earlier the airline operated flights to the capital of Ukraine at Kyiv Zhuliany Airport.
As part of the airline’s winter schedule for 2019/2020, which is valid until March 27, Buta Airways flights on the Baku-Kyiv-Baku route are operated three times a week on Tuesdays, Wednesdays, and Fridays. According to the same schedule, it is planned to continue flights in the summer schedule of 2020.
“Flights to Boryspil are carried out by most Ukrainian and foreign carriers, which will allow Buta Airways passengers to plan more convenient connections with other airlines,” the airline said.
Passengers who have already purchased tickets will be notified in accordance with the airline’s procedure by the phone numbers indicated when purchasing the ticket.
Buta Airways is the first low cost airline in Azerbaijan, a structural unit within Azerbaijan Airlines (AZAL), founded in December 2016. The first flight was performed on September 1, 2017. The airline fleet consists of modern Embraer aircraft. The airline is based in Baku, at Heydar Aliyev International Airport.
The Ukrainian low cost airline SkyUp Airlines (Kyiv) will launch direct flights from Kyiv to Pisa (Italy) from April 1, 2020.
According to the press service of the airline, flights will be operated twice a week on Wednesdays and Saturdays.
The cost of a one-way ticket without baggage is from UAH 1,667.
SkyUp Airlines LLC was registered in Kyiv in June 2016. The founder is ACS-Ukraine LLC of Tetiana and Yuriy Alba, who also own the JoinUp! tour operator.
According to the unified register of legal entities and individual entrepreneurs, the ultimate beneficiaries of SkyUp are Oleksandr (50%) and Yuriy (50%) Alba.
The company began charter flights from the end of May 2018.
The Antimonopoly Committee of Ukraine (AMCU) is considering a repeat application of OH Holding Limited (Nicosia, Cyprus) for permission to acquire a share in Kyiv-based LLC Luxoptica Holding’s charter capital, which ensures over 50% of votes in the company’s highest governing body.
The committee in November 2019 began consideration of the relevant case on concentration, the AMCU said.
“OH Holding Limited and LLC Luxoptica Holding earlier lodged a similar application with the committee, after which the concentration case was opened in September this year. However, the applicants withdrew their applications and the case was closed,” it said.
Luxoptica is one of Ukraine’s largest optic chains, it has been operating on the market since 1994. According to the information in the state register, the final beneficial owners are Oleh Kalashnikov and Nadiya Shalomova. Other owners are Olena Biletska, Volodymyr Kononenko, Vitaliy Cherepanov, Inna Alter, Oleksiy Svystun, and Valeriy Devko.
The total absorption in the high-quality office real estate market in Kyiv in July-September 2019 increased by more than 70% compared to the same period in 2018 and amounted to near 46,000 square meters, according to a press release of Colliers International (Ukraine), the international consulting company.
“In general, during the first nine months of 2019, the volume of transactions amounted to about 131,000 square meters, which already exceeds the results of entire 2018. According to the results of the third quarter, IT industry companies (48%) had the main share of the total absorption, as well as companies from industry and energy (33%),” Colliers said.
According to the company, new offer in the third quarter amounted to 10,000 square meters, or some 15% of the declared for commissioning in the second half of 2019.
According to Colliers, developers announced five facilities with a total area of about 57,000 square meters for going live by the end of 2019.
“A significant part of the office space under construction already has signed preliminary lease agreements. This trend is one of the indicators of increased demand and the formation of the landlord market. Given the shortage of high-quality office space, the vacant space of facilities with a good location and concept is quickly absorbed by the market,” Colliers said.
According to company analysts, rental rates in Kyiv offices in the third quarter remained at the level of the previous quarter. In particular, the range of base rental rates in Class A business centers amounted to $22-30 per square meter, in the class B centers it is $14-21, and in the class C centers it is $9-13.
Modest growth is projected during the first half of 2020.
