Business news from Ukraine


Development company UDP, part of the UFuture investment group belonged to businessman Vasyl Khmelnytsky, plans to launch phase one of the innovative LvivTech.City park with an area of 18,000 square meters in September 2021, Vice-President of UDP Vitaliy Melnyk has said.
“As for LvivTech.City, in September of this year, we plan to launch phase one – about 18,000 square meters – of the business campus, after which we will begin to build the residential part,” the press service of UFuture said, quoting Melnyk.
According to him, the area of the park is 5 hectares, the planned area of real estate is 110,000 square meters. The Innovation Park has already signed a memorandum of partnership with IWG, which operates the Regus and Spaces coworking spaces.
UDP also plans to disclose plans for the development of an innovation park in Kharkiv in the near future, Melnyk added.
“UNIT.City Kharkiv is located on 9 hectares and in the future it will have about 250,000 square meters of space. In Kharkiv, we have implemented development phase one through the reconstruction of the former exhibition center. More than 3,000 square meters of real estate were put into operation, where educational and office premises are concentrated. In the near future we will announce plans on the further development of the Kharkiv park,” he said.
Melnyk also said that today on the territory of Kyiv’s Unit.City, more than 100,000 square meters of office and residential premises are being implemented, the main square (Main Plaza), designed by the architect Hiroki Matsuura, is preparing for the opening.
As reported, LvivTech.City will be located on the territory of the industrial zone of the former Lvivprylad plant. It is planned that the total area of the office part will be more than 40,000 square meters. The park will be equipped with parking lots, a green area and recreation areas. In addition, the project will be implemented according to LEED energy and environmental design standards.
The completion of phase one of the LvivTech.City innovation park was previously scheduled for the second half of 2018, later postponed to the end of 2019.
In addition, UFuture together with National Technical University “Kharkiv Polytechnic Institute” has implemented the Innovations Campus educational space in Kharkiv worth more than UAH 60 million.

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The UNIT.City innovation park, together with the official importer of BMW and MINI in Ukraine AWT Bavaria, are launching the U.Go service – a new model of short-term rental (car sharing) of electric vehicles for the park residents, the press service of the importing company reported.
UNIT.City is reportedly serving as a testing ground for this pilot project, and Kyiv is the first city to test the new car-sharing model.
The service can now be used by residents and employees of the UNIT.City park, who have a driver’s license and have more than two years of driving experience.

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Kovalska Industrial and Construction Group intends to invest $ 70 million in the construction of five business centers in the Unit.City innovation park, CEO of the group Serhiy Pylypenko has said at a press briefing.
“The Kovalska team will undertake the construction of a cluster, which, in particular, will include five business campuses with a total area of 70,000 square meters. Investments in the development of the innovation park from the group will exceed $70 million. The project is expected to be completed in four years,” a press release from the company says.
Pylypenko noted, joining the project as a 100% campus investor will allow the company to gain a foothold in the status of a professional commercial real estate developer.
All properties are expected to be certified according to the Leed Silver green standard. To develop the projects, Kovalska involved the Polish architectural bureau APA Wojcoechowski and the international engineering company TEBIN.
“Thanks to its financial, technical resources and its construction capabilities, Kovalska fully takes control of this project – from the concept to the completion of construction and management,” Pylypenko said, stressing that the company is a 100% investor in the project.
According to the founder of UFuture holding, Vasyl Khmelnytsky, who is quoted by the press service, the Unit.City project has been implemented only by 7%. Attracting powerful strategic partners to the development of this project will provide an opportunity to bring it to the global level in 2023.

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The European Investment Bank (EIB), as part of a joint initiative with the European Commission – InnovFin Science, has agreed the issue of a loan of EUR 50 million for the UNIT.City innovative park.
According to a joint press release, the loan is provided as part of the EU’s Horizon 2020 research and innovation program and is managed by the EIB.
“Ukraine and more specifically the Kyiv urban area lack a proper ecosystem for R&D and IT companies at all stages of development, from start-ups to expanding high-tech companies. With its dedicated InnovFin Science support, the EIB is now helping Ukraine to bridge this gap. This will strengthen the competitiveness of the country and its capital city and enable it to take full advantage of its skilled workforce,” EIB Vice President Lilyana Pavlova stated.
“The EIB credit line provides up to 10 tranches of at least EUR5 million each. The funds are allocated for nine years with a very competitive annual interest rate for Ukraine. Money will be allocated for the construction of new campuses of the innovation park – B15, B16, B17, U1 – with a total area of 70,000 square meters. The total cost of the project (including components financed by the EIB) is estimated at EUR 110 million. Thus, about half of the estimated costs will be financed by the EIB,” the report on the bank’s website says.
“The project promoter and the EIB loan borrower is Unit Holdings LLC, a company established by UFuture Group. The project is expected to be completed by 2023 and it will generate up to 2,400 temporary jobs and increase permanent employment within the promoter’s business by 549 full time jobs. Indirectly, the project will support around 15,000 jobs in the tenant companies present at the UNIT.City innovation park,” according to the report.

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The European Investment Bank (EIB) will provide a loan for the UNIT.City innovation campus development. The bank said on its website that its Board made the decision at the end of April 2020.
The details about the amount of the loan and the borrower are not disclosed.
Earlier the Ukrainian government said that this concerns a EUR 50 million loan to Unit Holdings LLC.
The EIB said that the project is part of an urban development and comprises the design, renovation and construction of carefully selected sub-projects that are part of the innovation campus. The project includes the extension of a private non-profit IT training facility, multifunctional flexible floor space offering a variety of office accommodation, fablabs, communal and interaction spaces as well as seminar and meeting room spaces for events plus other supporting facilities and infrastructures.
In November 2019, EIB Vice President Vazil Hudak said that a loan for development of UNIT.City could be provided.
UNIT.City Innovation Park officially opened in April 2017 on the territory of the former Kyiv Motorcycle Plant.
Unit Holdings LLC was established in November 2017. The main activity is the development of construction projects. According to the unified public register, participant in LLC is CJSC Dinpero Investments Limited (Cyprus). The ultimate beneficiary is the founder of UFuture holding Vasyl Khmelnytsky.

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Building B12 of the Kyiv innovation park UNIT.City has received the silver certificate LEEDv.4 Core & Shell of the U.S. Green Building Council (USGBC). “Building B12 is the first commercial building in Ukraine to be awarded such a certificate. The developer of the project was KAN Development, the contractor was KAN Bud. Delta Ukraine performed the LEED certification of the building,” Delta Ukraine’s press service said.
In particular, the following features of the building were noted: good location relative to the public transport network and social infrastructure, the availability of an underground parking lot with electric car chargers, energy-efficient design, engineering equipment, LED lighting, water-efficient plumbing and landscape irrigation system, separate waste collection, a ban on smoking in and around the building, two-stage air purification and quality control.
As reported, with reference to UFuture, in general, until 2021 the amount of investment in UNIT.City will reach EUR 245 million, and by 2025 the total area of real estate in the park should be 500,000 square meters.
The UNIT.City Innovation Park officially opened in April 2017 in the territory of the former Kyiv Motorcycle Plant. By the beginning of 2019, some 50,000 square meters were already built up in the technical park, and more than 100 companies became its residents.
UNIT.City also started the construction of residential buildings, which should occupy about 30% of its area. It was planned to commission the first facilities in April 2020. By 2025, the total area of UNIT.City should be 500,000 square meters.

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