Business news from Ukraine

Business news from Ukraine

UDP DEVELOPER BUYS BUILDING IN KYIV FOR $4 MLN

9 June , 2018  

The department of municipal ownership of the Kyiv City Administration has sold a nonresidential building located at 8 (A, A2) Heorhiyevsky Lane in the Shevchenkivsky district of Kyiv, at an auction to Global Invest LLC (Kyiv) for UAH 102.541 million (around $4 million).
The department of municipal ownership told in response to the inquiry of Interfax-Ukraine that the building with gross area of 3,800 square meters was placed to the list of facilities being in municipal ownership of the Kyiv community and eligible to privatization.
According to the unified public register, the holder of 99.776% of the charter capital of Global Invest LLC is UDP Asset Management LLC, which acts on its own behalf and on behalf of Misky Quarter fund (as of June 8, 2018, the company also holds 67.3% in the charter capital of Ukrainian Development Partners (UDP) LLC).
The department said that a nonresidential building located at 44A, Khreschatyk Street was sold to Vacus-Investments LLC (Kyiv) for UAH 32.3 million.
Verdis LLC (Kyiv) privatized a building with gross area of 435 square meters located at 1/2A, Baseina Street for UAH 4.3 million.
Kronker Group LLC bought a building with gross areas of 460 square meters located at 3A, Trukhanivska Street for UAH 5.9 million.
Global Invest LLC was founded in 2004. Its core business is construction of residential and nonresidential buildings. The ultimate beneficiary is ex-director general of UDP Valeriy Kodetsky.

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