Lentimex Ukraine LLC (Kyiv), a subsidiary of Slovak Lentimex spol. s r.o., has completed the purchase of a 113.5 hectare land plot of the Rodovid Bank in Obolon district of Kiev, and plans to invest EUR 500 million in construction of a multifunctional space on its territory.
As Lentimex Ukraine told Interfax-Ukraine, on July 23, 2021, the company paid all its obligations under an auction and fully paid UAH 370 million in a letter of credit.
“It is planned to build a multifunctional space on the acquired plot with social, cultural and entertainment infrastructure according to European standards. This space will become a unique combination of recreation and a city,” the company said.
According to it, the total investment in the project will amount to more than EUR 500 million. Lentimex also intends to attract local partners to its team.
As reported, Lentimex Ukraine LLC won the Dutch auction of the Individuals’ Deposit Guarantee Fund for the sale of the Rodovid Bank land plot with a total area of 113.5 hectares, located in Obolon district of Kiev, with an offer of UAH 370 million. The intended purpose of this land plot is construction, as well as the operation and maintenance of residential buildings and social and cultural facilities. This asset was previously listed for sale. The starting price of the lot decreased from UAH 3.7 billion to UAH 370 million.
According to the Unified State Register of Legal Entities and Individual Entrepreneurs, Lentimex Ukraine was created on June 18, 2021 with a charter capital of UAH 20,000. The main activity is the purchase/sale of own real estate.
Slovak company Lentimex spol. s r.o. was established in 1997. It is engaged in the sale of conveyor belts, rubber products and raw materials for the metallurgical, energy and chemical industries, as well as turnkey industrial construction.
UTG consulting company (Kyiv), together with partner developer DC Evolution (London), plans to implement the project of an Alfa Mall multifunctional complex with a total area of 105,000 square meters with five residential buildings and a shopping and entertainment center by late 2022.
“In this project, UTG in partnership with the owners of DC Evolution for the first time will act not just as a broker, but as a co-investor and management company. This is our personal project in Dnipro, we are conducting its full cycle,” UTG Director Yevhenia Loktionova said during Retail & Development Business Expo 2019, held in Kyiv at the end of last week.
She told Interfax-Ukraine investments in the project will be more than $100 million, project participants intend to use their own and credit funds.
The Alfa Mall multifunctional complex is to be built at 25 Zaporizke Shose Street. The total project area will be 105,000 square meters, the rental area is 52,000 square meters. The plan is to be implemented in two stages. The start of construction is scheduled for 2020, completion for the end of 2022.
UTG (Kyiv) was established in 2001. It specializes in comprehensive support of development projects.
