Business news from Ukraine

Two sanatoriums in Truskavets will be given for housing for refugees

2 November , 2022  

The buildings of the Truskavets sanatoriums “Rubin” and “Yantar” (Lviv region) will be modernized for housing for internally displaced persons (IDPs), the pro bono consultant of the Truskavets urban community on this project is the law firm Integrites, Interfax-Ukraine was informed in the press – service of the law firm.
“As part of the project, it is planned to modernize the buildings of the Rubin and Yantar sanatoriums with a total area of ​​approximately 32 thousand square meters, located in the central part of the city of Truskavets, into houses with common premises (canteens, social centers). They were mothballed at the beginning of Russian aggression in 2014-2022,” Oleg Zagnitko, partner of Integrites, told the agency.
According to him, as a result, from 1.6 thousand to 3 thousand people. – both families and single persons will receive housing.
The project is proposed to be implemented on the basis of a public-private partnership (PPP) with the aim of integrating IDPs into the economy of the subregion. Integrites has been advising the city on the financial and management structure of PPPs since July 2022.
“We, as a company, represent a public partner – a city that solves its problems: it wants to revitalize the site in the center and integrate IDPs. and will remain as long as the property is empty,” Zagnitko explained.
Integrites is currently in the process of legal and financial structuring for the redevelopment and repurposing of several downtown buildings. This will make it possible to quickly revitalize the microdistrict in the resort subregion with the involvement of a number of resource sources.
The Truskavets project is part of the Rehousing Ukraine Initiative. The Affordable Housing Institute is a partnership between the Affordable Housing Institute, a non-profit organization registered in the United States, and Integrites, with the involvement of individual and institutional specialists where necessary. The IZH team is helping Ukraine recover from the Russian invasion and sees housing in general, and IDP shelters in particular, as the key to a fast, strong and modern recovery.
“We are honored to work with Truskavets Mayor Andriy Kulchinsky to realize his vision of converting a mothballed hotel into IDP housing. We see this not only as an urgent solution for Truskavets, but also as a prototype or pilot project to further scale similar conversions throughout Ukraine “, – commented the executive director of the Institute of Affordable Housing (USA), co-founder of IJU David Smith.
Earlier it was reported that in October 2022, the property of Truskavetskurort was seized as part of criminal proceedings regarding the alienation of property of real estate objects that were managed by the Federation of Trade Unions of Ukraine, PJSC Ukrprofzdravnitsa and PJSC Ukrproftur.
“As we see from the motivational part of the court’s ruling, the facilities may return to state ownership under the control of the Federation of Trade Unions. In this case, the implementation of PPP may be simplified, but holding a tender for the selection of a private partner will most likely require more time to prepare,” commented on the situation. Zagnitko.
He added that at this stage, the property will be administered by ARMA, but it will be a kind of PPP, since the management of real estate by the agency should be carried out “on the terms of efficiency, as well as maintaining (if possible, increasing) (…) the economic value” of real estate property, according to Art. 21(3) of the ARMA Act”.
The structure of PJSC “Truskavetskurort” includes sanatoriums “Spring”, “Crystal”, “Almaz”, “Yantar”, “Rubin”, “Birch” (all – Truskavets). The ultimate beneficiary is Pavel Yakubenko. The registered capital of PJSC is UAH 174.8 million.
According to the company’s data for 2019, its net profit amounted to UAH 91.9 million.

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