The investment company S1 REIT has registered a new portfolio fund, S1 “Kyiv Income-Generating Real Estate” (S1 DNA), which will invest in income-generating residential real estate in the capital—including both existing properties and those currently under development.
The new fund’s offering size is 100 million UAH, the company announced on September 2, 2026.
The projected yield for S1 DNA is stated at 9% per annum in dollar terms, taking into account two components: current rental income and potential appreciation in property value.
The minimum initial investment will be 122,000 UAH, and subsequent investments can be made starting at 1,000 UAH. S1 REIT plans to begin the pre-sale of fund certificates in mid-September 2026.
The new fund’s strategy involves building a portfolio consisting of several properties. Initially, the portfolio will include apartments in the income-generating buildings S1 VDNG and S1 Obolon.
S1 VDNG is an existing rental property near the “Vystavkovyi Tsentr” metro station in Kyiv. Its apartments are leased out and generate a steady cash flow.
S1 Obolon is under construction at 18 Obolonskyi Avenue, near the “Minska” metro station. Upon completion, the apartments are also planned to be used as income-generating real estate. For investors, the asset during the construction phase is expected to offer, first and foremost, capitalization potential driven by appreciation in property value.
Thus, S1 DNA combines two sources of potential income: rental payments from apartments already in operation and an increase in the value of properties currently under development.
“By holding a stake in the fund, an investor becomes a co-owner of each individual apartment in two buildings at different addresses. The fund combines the present and the future: today it consists of apartments in two income-generating buildings, and in the future, the fund will be expanded with new properties,” said Igor Gifes, CEO of S1 REIT.
According to him, the transition from investing in a single building to a portfolio model should allow for the diversification of risks across several real estate properties.
The company attributes the decision to launch the new fund, in particular, to the completion of the placement of S1 VDNG fund certificates in early June 2026. Following the full placement of this fund, S1 REIT decided to offer investors a product whose assets will not be concentrated in a single building.
The S1 REIT portfolio also includes the S1 Obolon fund, with a projected annual yield of 10% in dollar terms, and the S1 Plaza Poznyaki commercial real estate fund, with a stated yield of 10.4%. The S1 VDNG fund, whose offering has already been completed, has a projected annual yield of 8.2%.
In June 2026, S1 REIT reported that the total assets under management of its funds had reached 100 million UAH.
S1 REIT works with income-generating residential and commercial real estate in Kyiv. The company’s business model is based on the acquisition of real estate by collective investment funds, its subsequent professional management, and the distribution of the resulting income among investment certificate holders. Projects are implemented in collaboration with the developer Standard One and the management company S1 Ukraine.
The stated fund returns are projected and calculated by the company based on a financial model that takes into account rental income, fund expenses, and the potential appreciation of its assets.
S1 REIT, an investment company specializing in raising retail investment capital through the REIT model, has attracted more than 1,000 unique investors over the past year, with total funds raised exceeding 110 million hryvnia, the company’s press service told Interfax-Ukraine.
“The average number of certificates per investor is 348. And the total amount of funds raised has already exceeded 110 million hryvnia,” said Viktor Boichuk, commercial director of S1 REIT.
It is noted that more than 15% of investors have invested in two or more of the investment company’s funds.
According to Boichuk, the most significant growth in the number of investors occurred after the start of sales for the “S1 Plaza Poznyaki” fund, when the number of investors quadrupled within a few weeks.
As previously reported, developer Standard One has begun construction of “S1 Plaza Poznyaki” on the Left Bank of the capital. The assets of the “S1 Plaza Poznyaki” fund will include commercial space in a shopping center near the “Poznyaki” metro station in Kyiv. The total area of the property is approximately 5,000 square meters, and the new fund’s issuance amount is 600 million UAH. The initial investment is 1,000 UAH, and the additional investment is 100 UAH. The projected yield for “S1 Plaza Poznyaki” is 10.4% per annum in currency.
S1 REIT is an investment company within the S1 Group. The company operates under the Real Estate Investment Trust (REIT) model, providing investors with the opportunity to participate in the ownership and receipt of income from income-generating properties without directly managing the assets.
The company’s portfolio includes three active funds: “S1 VDNG,” S1 Obolon, and “S1 Plaza Poznyaki.” The assets of these funds consist of income-generating real estate based on development projects by Standard One.
S1 REIT, an investment company specializing in raising retail investment capital under the REIT model, has released a list of tenants at the property, which is an asset of the “S1 Plaza Poznyaki” fund.
As the company told the Interfax-Ukraine news agency, preliminary letters of intent have already been signed with the Domino’s pizza chain, the restaurant chains “Puzata Khata,” Tbiliso, and “Mama Manana,” the grocery chains Roshen, Lviv Croissants and “Bo Khlib,” the AstraDent dental clinic chain, and the Coffee Lover café.
“S1 Plaza Poznyaki” is not just a new location on the map of Kyiv; it embodies Standard One’s quality standards, combined with the high demand from local residents. “We’re not building from scratch in a vacuum—we’re expanding a business that already has a solid reputation and stable financial performance,” notes Standard One co-owner Oleksandr Ovcharenko.
“S1 Plaza Poznyaki” is part of the “Plaza” network of neighborhood shopping centers, which currently comprises three operating locations: “S1 Plaza VDNH,” “S1 Plaza Svyatoshyn,” and “S1 Plaza Terminal.” All of these properties were built as neighborhood shopping centers in the most heavily trafficked locations directly adjacent to metro stations in Kyiv.
Standard One, the project’s developer, has begun construction on the network’s fourth location—S1 Plaza Poznyaki—on the left bank of the capital. The “S1 Plaza Poznyaki” fund’s assets will include commercial space in the shopping center near the “Poznyaki” metro station in Kyiv. The total area of the property is approximately 5,000 square meters, and the new fund’s issue size is 600 million UAH. The initial investment is 1,000 UAH, and the additional investment is just 100 UAH. The projected annual yield for “S1 Plaza Poznyaki” is 10.4% in currency terms. Dividend payments to investors will be made monthly, starting in June 2026.
According to S1 REIT CEO Igor Gifes, the future shopping center already has an occupancy rate of over 60%—2.5 years before its opening. “For our investors, this means only one thing: the property will be profitable even before the ribbon-cutting ceremony,” says Gifes.
S1 REIT is an investment company that is part of the S1 Group. The company operates under the Real Estate Investment Trust (REIT) model, providing investors with the opportunity to participate in the ownership and income generation of income-producing properties without directly managing the assets.
Three funds are available for investment: “S1 VDNH,” S1 Obolon, and “S1 Plaza Poznyaki.” The assets of these funds consist of income-generating real estate based on development projects by Standard One.
S1 REIT, an investment firm that manages real estate funds under the REIT model, has begun selling certificates for the S1 Plaza Poznyaki commercial real estate REIT fund, the company’s press office announced.
According to the press release, the initial investment amount is 1,000 UAH, with the option to increase the share by amounts starting at 100 UAH. The projected annual yield is 10.4% in currency.
As previously reported, the National Securities and Stock Market Commission (NSSMC) registered the prospectus and the issuance of investment certificates for the S1 Plaza Poznyaki REIT with a total nominal value of UAH 600 million, each with a nominal value of UAH 100, in a total quantity of 6 million units.
The “S1 Plaza Poznyaki” shopping center, with a total area of 5,000 square meters, is part of a large-scale residential project by developer Standard One. The property is being built in the Darnytskyi district of Kyiv, near the “Poznyaki” metro station and Lake Sribnyi Kol. The complex is designed to accommodate over 750 apartments.
S1 REIT is Ukraine’s first operator of collective investments in income-generating real estate. The company operates under the Real Estate Investment Trust (REIT) model, providing investors with the opportunity to participate in the ownership and receipt of income from profitable properties without direct asset management.
Three funds are available for investment: “S1 VDNH,” S1 Obolon, and “S1 Plaza Poznyaki.” The assets of these funds consist of income-generating real estate based on development projects by Standard One.
CERTIFICATE, INVESTMENT COMPANY, REIT fund, S1 Plaza Poznyaki, S1 REIT
S1 REIT, an investment firm that manages real estate funds under the REIT model, has registered a new fund, “S1 Plaza Poznyaki,” whose assets will include commercial space in a shopping center, the company’s press office announced.
“This is the first commercial real estate-based fund in the company’s portfolio. For us, its launch is a logical step in our development, and for investors, it is an opportunity to diversify their capital across various asset classes. Under the S1 REIT umbrella brand, we are building a diverse portfolio: not only income-generating residential real estate, but also commercial real estate,” noted S1 REIT CEO Igor Gifes.
As reported, the National Securities and Stock Market Commission (NSSMC) has registered the prospectus and the issuance of investment certificates for the S1 Plaza Poznyaki closed-end investment fund with a total par value of UAH 600 million, with a par value of UAH 100 per certificate, in a quantity of 6 million units.
A key feature of the “S1 Plaza Poznyaki” fund is its lower entry threshold. While the initial investment for the S1 VDNH and S1 Obolon funds is at least UAH 122,000, the entry threshold for the new fund is significantly lower—starting at UAH 1,000. The minimum additional investment in “S1 Plaza Poznyaki” is just 100 UAH.
The projected return for S1 Plaza Poznyaki is 10.4% per annum in currency. Dividend payments to investors will be made immediately, even before the facility’s construction is completed.
“Until construction is completed, returns will be generated through capitalization and effective asset management. We have developed a model that will allow us to pay dividends to investors from day one, without waiting for construction to be completed. At the same time, we already have a clear vision for generating cash flow from leasing the property. More than 60% of the shopping center’s space has already been reserved by international and national retail chains,” Gifes said.
The “S1 Plaza Poznyaki” shopping center, with a total area of 5,000 square meters, is part of a large-scale residential project by developer Standard One. The project is being built in the Darnytskyi district of Kyiv, near the Poznyaki metro station and Lake Serebryany Kol. High foot traffic to the commercial spaces will be ensured not only by the area’s heavy pedestrian traffic but also by residents of the complex, which will comprise over 750 apartments.
Sales of certificates for the new fund are scheduled to begin as early as May of this year.
S1 REIT is Ukraine’s first operator of collective investments in income-generating real estate, offering the opportunity to become a co-owner of profitable properties with an entry threshold that is dozens of times lower than the cost of a single residential or commercial unit. The company operates under the Real Estate
Investment Trust (REIT) model, providing investors with the opportunity to participate in the ownership and receipt of income from profitable properties without directly managing the assets.
Three funds are available for investment: “S1 VDNH,” “S1 Obolon,” and “S1 Plaza Poznyaki.” The assets of these funds consist of income-generating real estate based on development projects by Standard One.
Investment company S1 REIT supports the adoption and implementation of a draft law on the taxation of income received through digital platforms as a tool for combating the shadow economy in the real estate rental market, the company’s press service told Interfax-Ukraine.
S1 REIT CFO Vadym Pavlushyna noted that real estate investment trusts (REITs) operate with full tax transparency.
“We pay all taxes required by law on behalf of our investors. Specifically, dividend income is taxed at a rate of 9% (personal income tax) and 5% (military levy). For us, this is the standard, which we conscientiously and strictly adhere to. However, let’s be frank: most of the rental market remains in the ‘shadows.’ This creates an uneven playing field. It is quite difficult to convince people to ‘play by the rules’ when loopholes for tax evasion exist. Not least, these gaps are caused by weak regulation and a lack of oversight. “If the new bill creates conditions under which it becomes harder to avoid paying taxes, this will be a positive signal for the entire market,” he commented.
He emphasized that not only the state stands to gain from regulating the industry, but also investors and property owners who verify their income.
“They will be able to freely manage their funds and not fear audits, as they will have official confirmation of their income sources. This has become standard practice in EU countries, and Ukraine will finally not be an exception,” Pavlushyin noted.
As reported, on April 8, the Verkhovna Rada adopted in the first reading, as a basis subject to further refinement, draft law No. 15111-d on the automatic exchange of information regarding income on digital platforms, which is a structural milestone of the new financing program with the International Monetary Fund (IMF) that Ukraine was required to implement in March.
The initial version of the bill (No. 15111), submitted by the Cabinet of Ministers, covered income from the rental of real estate and vehicles; personal services and the sale of goods received by an individual through digital platforms in amounts up to 834 times the minimum wage (approximately UAH 7.2 million as of 2026), as well as the introduction of a tax threshold of EUR 2,000 per year. The obligations of a tax agent will fall on digital platform operators.
Draft Law No. 15111-d is a revised version of the initial government document prepared by the Verkhovna Rada Committee on Finance, Tax, and Customs Policy. Unlike the first draft, the final text omits a number of provisions that businesses and industry experts considered excessive.
A key change in Document No. 15111-d is the introduction of a preferential tax regime for self-employed individuals. It provides that instead of the general rate of 19.5% (18% personal income tax and 1.5% military levy) for income received through digital platforms, a rate of 5% will apply. For the duration of this special regime, such income is also exempt from the military levy. This model applies to individuals whose annual income does not exceed the limit set for the second group of single tax payers.
The revised draft document also clarified the registration procedure: users of online services will not need to register as sole proprietors—self-employed status will be granted automatically after registering on the platform and consenting to the transfer of information to the tax service.
S1 REIT is an investment company specializing in investments in professionally managed income-generating real estate. The company operates under the Real Estate Investment Trust (REIT) model, providing investors with the opportunity to participate in the ownership and receipt of income from profitable properties without directly managing the assets.
Currently, S1 REIT’s portfolio includes two funds—S1 VDNG and S1 Obolon. The funds’ assets consist of apartments in income-generating buildings developed by Standard One.
