The development company Alterra Group will build the Formation.Vinnytsia industrial park (IP) based on the Quadruple Helix model, with total investment in the project estimated at UAH 6 billion, the company’s press service told Interfax-Ukraine.
“The Formation.Vinnytsia industrial park is the second project in our Formation series of parks. The first one, which we are implementing in Lviv, has already proven the effectiveness of our model — a full-fledged ecosystem for manufacturers with the integration of the Quadruple Helix Model,” said Alterra Group CEO Dmytro Kovalchuk during the project presentation in Vinnytsia.
As reported, in early 2025, investor Boris Shestopalov of Volia Agri-food Park Vinnytsia (Vinnytsia Industrial Park) brought commercial real estate developer Alterra Group on board as a strategic partner for the construction of the industrial park. According to the OpenDataBot service, Yuparks LLC sold 75% of the authorized capital of Alterra Group LLC.
UPARKS began construction of the industrial park in August 2023. The Volia Agri-Food Park Vinnytsia project received approximately UAH 116 million in state support in 2024.
According to Alterra Group, as of May 2025, roads and sewage systems have already been connected to the industrial park, and a wide highway is currently being laid there. The total investment in the project, which is scheduled for completion by 2029, is estimated at UAH 6 billion.
The area of “Formation.Vinnytsia” will cover 175,000 square meters, where about 50 companies can be located. The Quadruple Helix model provides for cooperation between education, business, government, and society to create innovations. According to this concept, there are plans to create an innovation and technology development center, which will include a prototyping laboratory with professional equipment for creating prototypes, an R&D center for developing new products, and a business incubator for manufacturing startups. The IP is expected to create about 3,500 jobs, and cooperation with universities will allow educational programs to be adapted to the real needs of business.
“We are particularly interested in the development of food processing, the automotive engineering and components sector, and related areas. At the same time, we are open to other industries if their activities fit harmoniously into the overall ecosystem of the park and contribute to mutually beneficial coexistence,” Alterra Group said.
Another feature of the project is that the management company will help residents to export their products thanks to its membership in European chambers of commerce and industry, promising preferential terms for participation in international exhibitions and communication with potential foreign partners. As specified to Interfax-Ukraine, this service will be available to park residents by the end of this year.
The future infrastructure of the ID includes facilities aimed not only at residents but also at the community as a whole. An apart-hotel, a canteen, a gym, a supermarket, a sports ground, a customer center, and a shelter are planned.
Alterra Group LLC was established in 2016 with a statutory fund of UAH 5 million. The ultimate beneficiary is Dmytro Kovalchuk. The company’s portfolio includes nine projects, of which 107,868 square meters have already been commissioned, and 108,900 square meters will be ready in 2025. According to OpenDataBot, in 2024, the company received UAH 236,969,700 in revenue, which is twice as much as in 2023, and reduced its net loss by 1.7 times to UAH 699,300.
A new industrial park, Integral, will be set up in Vinnytsia on the territory of a former lamp factory, the city’s mayor, Sergey Morgunov, said on Facebook.
“Today we launched the creation of the fifth industrial park in Vinnytsia. Invest Holding Company LLC plans to invest UAH 1 billion in its construction. Subsequently, about 930 people will be employed here,” Morgunov wrote on Thursday evening.
He emphasized that attracting investment and opening new production facilities during the war is critical for the life of the community.
According to opendatabot, Invest Holding Company LLC was registered in 2022, with the main activity being the provision of commercial services and leasing of property. The ultimate beneficiary of the company is Vinnytsia businessman Taras Kovalchuk. In 2023, the company’s revenue amounted to UAH 5 million, and the loss was UAH 0.26 million.
Kovalchuk owns Zodchiy LLC, a Vinnytsia-based company specializing in the sale of wood and building materials (he owns 87.8% of Invest Holding Company LLC). The company’s net income in 2023 amounted to almost UAH 566 million.
There are currently four IPs in Vinnytsia: Vinnytsia Cluster of Refrigeration Engineering, WinterSport, Volia Agri-Food Park Vinnytsia, and VinIndustri, which has four residents and has received UAH 79 million in state support under the IP support program. Volia Agri-Food Park Vinnytsia, which is invested by Borys Shestopalov, co-owner of foodtech companies HD Gtroup and GFS, also received about UAH 116 million in state support.
Lemtrans, Ukraine’s largest private rail transportation operator, has completed the first stage of construction of the Vinnytsia container terminal, the company’s press service said on Monday.
“Lemtrans Group has completed the first stage of construction and opened the Vinnytsia container terminal. As part of this stage, a new infrastructure was created: railroad tracks were laid, a container yard with a capacity of up to 2000 TEU was equipped, and a covered warehouse with an area of 3,500 square meters was built,” the statement said.
The total area of the terminal is 8 hectares, and its throughput capacity is 30 thousand TEU per year.
Modern equipment and infrastructure of the terminal provide a significant acceleration of cargo handling, the company said.
“We are creating new opportunities, as the emergence of such a terminal in the region opens up access to global logistics for cargo owners, both large and small. This means that exporters and importers no longer depend on the size of the consignment or the influence of global trading companies,” the statement quoted Dmytro Balaba, CEO of Container Terminal Vinnytsia, as saying.
The opening of the Vinnytsia container terminal is an important step for the further economic development of the region – investments in the project amounted to about $15 million, the report says.
It is also reported that the terminal has already received the first train, formed in cooperation with UZ CARGO POLAND and the Liski Transport Service Center. The first batch of cargo exceeded 60 TEU. The regular service will connect the Polish port of Gdansk with the terminal in Vinnytsia.
According to Vinnytsia Mayor Serhiy Morgunov, container transportation will allow Vinnytsia community to expand cooperation with other regions of Ukraine and, at the same time, with other European countries.
“We are talking about creating new jobs, increasing the competitiveness and sustainability of our community,” Morgunov said in a statement.
On Thursday, the international chain JYSK opened a renovated, largest JYSK store in Vinnytsia (1a Yevhen Pikusa St., Kvartal shopping center), the company’s press service reported.
According to the press release, JYSK Country Director in Ukraine Yevhen Ivanitsa said that the store has increased storage space, updated lighting, commercial equipment, and plans to improve logistics ergonomics. Its selling area is 1076 sq.m., the warehouse area is 275 sq.m. (it was increased by 21 sq.m.). The store also has a new office space with an area of 35 sq.m.
The store was rebuilt in accordance with the modern JYSK 3.0 store concept.
JYSK also announced new signed lease agreements. Currently, the chain has 98 operating stores, and it is planned to expand to 105 outlets by the end of the year. In particular, it is planned to open the ninth store in Lviv and the 37th in the Kyiv agglomeration.
JYSK Ukraine employs more than 800 people.
JYSK is part of the family-owned Lars Larsen Group with more than 3.4 thousand stores in 48 countries. JYSK’s revenue in the financial year 2022/23 amounted to EUR 5.2 billion.
The construction of the Vinnytsia Industrial Park (Volia Agri-Food Park Vinnytsia) has started, said Andriy Ocheretyanyi, deputy mayor of Vinnytsia.
“Preparatory work is already underway. Over time, the agri-food park will have a modern business center for residents, a logistics center and a Light Industry Box to accommodate the production of small food enterprises,” he wrote on Facebook.
A total area of 35.7 hectares has been allocated for the construction of Volia Agri-Food Park Vinnytsia. The expected amount of investment is about UAH 3 billion. The project organizers plan to employ about 2000 people.
According to the press service of the Vinnytsia Regional State Administration, the first stage of construction of the agri-food park involves the development of utilities, roads, and landscaping in the park, the construction of a business center for residents, a Light Industry Box to accommodate the production of small food companies, and a logistics center.
According to the project administration, the infrastructure and service capabilities of Volia Agri-Food Park Vinnytsia can attract residents from the entire product creation chain – from research and innovation, recipe development and new product creation to mass production, as well as warehouse and transport logistics, product certification, sales organization and export potential development.
“Volia Agri-Food Park Vinnytsia will provide international and Ukrainian food companies with ready-made solutions for business relocation and scaling,” the press service quoted Borys Shestopalov, founder and investor of Volia Agri-Food Park Vinnytsia, as saying.
According to the businessman, who is also a co-owner of food tech companies HD Gtroup and GFS, the infrastructure is expected to meet the latest requirements in the field of high technology, energy efficiency and ecology to reduce operating costs and increase the profitability of food companies.
Vinnytsia city territorial community was the first in Ukraine to proclaim the Green Deal as the basis of urban development and joined the practices of the European Green Deal, which aims to turn Europe into the first climate-neutral continent by 2050.
According to the Vinnytsia city council’s press service, the relevant declaration was signed by Mayor of Vinnytsia Serhiy Morhunov during a city council’s session, attended by high-ranking officials of the government of Ukraine, the Ukrainian parliament and Ambassador of the European Union to Ukraine Matti Maasikas.
Such a step will allow the regional center to engage new mechanisms and innovative ideas to improve urban space, address environmental issues, raise additional investment, including for energy and industrial renewal of enterprises and city life support systems.
Morhunov said the accession of all Ukraine to the Green Deal is at the stage of forming the roadmap. However, Ukrainian cities are already moving in the right direction.
The Green Deal of Vinnytsia is a logical continuation of the long-term plans of the society, fixed both in the Vinnytsia Concept of Integrated Urban Development until 2030, and Strategy 3.0, a plan for the development of communities throughout the region. The priority is the “green” economy, smart specialization, affordable, safe and environmentally friendly environment,” the city mayor said.
He said that Vinnytsia is implementing advanced European experience not for the first time. Thus, in 2015, the city was the first in Eastern Europe to receive the European Energy distinguishing feature and in 2019 confirmed the high status of an energy-efficient regional center. Programs for the efficient consumption of energy resources, the launch of environmentally friendly urban transport, trams and electric buses, are being developed here now.
“We are striving to involve international experts and financial resources for the implementation of green projects that we have in our plans,” Morhunov said.
In turn, Maasikas said that on such a highly urbanized continent as Europe, cities, towns and citizens play a key role in responding to climate change.
Maasikas said he is pleased that the Ukrainian city and people are actively working on the green transformation of society. According to the diplomat, since the announcement in 2019 of the European Green Deal, it has set the direction for transformational change and this is the new growth strategy of the EU. It reflects the idea of transitioning the entire economy to a green economy. He also said that Ukraine shares these hopes.
