Business news from Ukraine

BUSINESSMAN VASYL KHMELNYTSKY PLANS TO BUILD RESIDENTIAL HOUSES IN INNOVATION PARKS

UFuture investment group of Ukrainian businessman Vasyl Khmelnytsky plans to implement residential complex construction projects as part of the innovation parks in Lviv (LvivTech.City) and Kharkiv.
“They [projects in Lviv and Kharkiv] have housing, and innovation campuses, co-working space, schools, institutes,” Khmelnytsky told Interfax-Ukraine on Wednesday.
He did not specify who will be partners in these projects, but noted that the UDP company of their UFuture group cooperates with KAN Development only in the UNIT.City project.
The launch of LvivTech.City, according to Khmelnytsky, is planned for 2020.
UDP CEO Vitaliy Melnyk told Interfax-Ukraine that the area of the residential part in LvivTech.City will be 42,000 square meters, while the parameters of housing in the Kharkiv project are not yet known.
According to Managing Partner of UNIT.City Maksym Yakover, UNIT.City is already building residential housing, and the start of sales is planned for September.
“The first phase is now nearing completion [construction at UNIT.City]. We will soon open the B10 campus, and at the end of this year or the beginning of the next year – B11. Housing construction is in full swing, the start of sales will be announced in September,” he said at a press conference.

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