Business news from Ukraine

VASILY KHMELNITSKY ANNOUNCED PLANS TO CONTINUE CONSTRUCTION OF LVIVTECH.CITY

The construction of the innovation park LvivTech.City with co-working will continue, said the founder of the UFuture holding Vasily Khmelnitsky.

“They decided to complete the construction despite the war for two reasons. Firstly, to give employees the opportunity to earn money for their families. Every job saved today is support for the Ukrainian economy and Ukrainians on their native land. Secondly, we are creating a large coworking space right now, so that our IT specialists can stay and work in Ukraine,” the entrepreneur wrote on Facebook.

As reported, UFuture planned to launch the first stage of the LvivTech.City innovation park with an area of 18 thousand square meters. m in September 2021.

LvivTech.City will be located on the territory of the industrial zone of the former Lvovpribor plant. It is planned that the total area of the office part will be more than 40 thousand square meters. m. The park will be equipped with parking lots, a green area and areas for recreation. In addition, the project will be implemented in accordance with LEED green building standards.

According to the project, the area of the park is 5 hectares, the planned area of the residential part is 110 thousand square meters. m.

Completion of the first stage of construction of the LvivTech.City innovation park was previously planned for the second half of 2018, later it was postponed to the end of 2019.

UFuture is a holding company that brings together Khmelnytsky’s business and social projects. He has a diversified portfolio of assets in real estate, infrastructure, industry, renewable energy, pharmaceuticals and IT. The value of UFuture’s assets is estimated at $500 million. The total capitalization of the businesses in which it has invested is up to $1 billion.

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