Business news from Ukraine

SHORTAGE OF RETAIL SPACE SEEN IN IVANO-FRANKIVSK – EXPERT

Average vacancy in shopping centers of Ivano-Frankivsk in Q2 2019 is 3.9%, developers retain low construction activity: the terms of commissioning of three shopping and entertainment centers were postponed indefinitely, UTG consulting company (Kyiv) has reported. “The interest of retailers in the Ivano-Frankivsk market is very high. In the shopping centers of the city, there is a demand for fashion, entertainment and catering brands. The availability of professional retail space corresponds to 334.9 square meters per 1,000 inhabitants – below the average for Ukraine. The shortage of retail premises is 27,500 square meters, whereas for 2019-2020 only a building on the territory of the Holovny market with a lettable area of 4,800 square meters was declared for opening, UTG analyst Oksana Havrylevych told Interfax-Ukraine.
According to her, in the city, most of the existing and leading shopping centers were opened in 2004-2014. By now they are morally and physically obsolete.
According to her, in the most high-quality facilities rentals for the premises of the fashion gallery area of 50-100 square meters ranges $15-20 excluding VAT. The total market offer of Ivano-Frankivsk over the past five years has been replenished with only a few small facilities with an area of 1,000-2,000 square meters.
Thus, at the beginning of 2019, three district, eight micro district, 11 specialized, two entertainment centers and four detached hypermarkets were operating in Ivano-Frankivsk.
According to the ICSC classification, excluding small shops and premises of the street-retail format, city markets and detached super-and hypermarkets, the total area of the city’s retail facilities is 87,300 square meters, which corresponds to an indicator of 1,043 square meters per 1 square kilometer of the total area of the city.

, ,

REIKARTZ HOTEL MANAGEMENT DOUBLES NUMBER OF ROOMS IN HOTEL IN IVANO-FRANKIVSK

Reikartz Hotel Management LLC (Kyiv), the management company of the national hotel chain Reikartz Hotel Group, will open a new building of the Reikartz Park Hotel Ivano-Frankivsk from June 2019, having doubled its number of rooms, to 78 rooms, the press service of the company has reported.
“The construction of the new building, the opening of a conference hall and a banquet hall are primarily due to the increased interest in hotel services in Ivano-Frankivsk and the growth of both tourist and business activity in the region. The new rooms will be performed in the classic Reikartz style and will have the following categories: grand standard twin, grand superior twin and two-room suite,” operating director of the network Andriy Dema said.
According to the company, the new building includes 40 rooms, a multifunctional conference hall for 100 people and a banquet room for 90 people.
As reported, Reikartz Hotel Management signed an agreement on the management of the hotel complex Park Hotel with 38 rooms in Ivano-Frankivsk in 2012.

, , ,

IVANO-FRANKIVSK COULD RECEIVE 12 LARGE TURKISH BUSES GULERYUR COBRA, KREMENCHUK 10 BELARUSIAN MAZ BUSES

Suchasni Vantazhivky LLC (Modern Trucks, Kyiv), part of the large Ukrainian automotive holding AVTEK, has won a tender to supply 12 low-deck large city buses to municipal enterprise Electroautotrans (Ivano-Frankivsk), offering Guleryur Cobra GD 272 LF buses made in Turkey for UAH 65.995 million with the expected cost of UAH 70.8 million.
According to the results of the auction in the ProZorro e-procurement system held on Thursday, the initial offer of the winner was UAH 70.632 million. Auto-Region LLC (Kyiv) and Autograd-2007 LLC (Cherkasy) also took part in the auction. The price was cut during bidding.
According to the technical conditions, low-deck buses of at least 11.9 meters long are to be made no earlier 2018, meet the Euro 5 emission standard and capable to carry 94 passengers with 26 seats.
The buses are to be supplied before March 1, 2019.
Ukrainian manufacturers did not submit bids for the auction.
According to information on the ProZorro platform, Alfateks, a large supplier of trucks and special-purpose vehicles, won the auction to supply 10 large buses to Kremenchuk, offering MAZ 103 buses for UAH 57.975 million with the expected cost of UAH 58 million.
According to the conditions of the tender, the buses are to be supplied to Kremenchuk road transport enterprise before December 20, 2019.
Bas Motor LLC (the division of the Bogdan Corporation) offered Bogdan A 70132 buses for UAH 58 million and did not reduce the price during the auction.

, , , ,

CZECH VECTOR ENERGY TO BUY 49.9% OF IVANO-FRANKIVSK VALVE PLANT’S SHARES

Czech company Vector Energy s.r.o. (Plzen) plans to buy 1.58 million ordinary registered shares of PJSC Ivano-Frankivsk Valve Plant, thus the buyer will have a 49.99% stake in this enterprise.
Vector Energy currently does not own shares of the plant, the company’s announcement in the National Securities and Stock Market Commission’s bulletin.
According to the Czech Trade Register, Vector Energy was registered in 2014, the director and owner of the company is Roman Shyliuk from Kyiv.
PrJSC Ivano-Frankivsk Valve Plant was registered in 1995. According to the National Securities and Stock Market Commission, its co-owners are PrJSC Energomashinvest and PrJSC S.V.T.A. whose ultimate beneficiary in the state register of legal entities and individuals is Abigail Silvan (West Indies, Grenada).
Serhiy Shyliuk is the head of PrJSC Ivano-Frankivsk Valve Plant since 2015.
According to the financial statements for 2017, Ivano-Frankivsk Valve Plant increased its net income by 77%, to UAH 52 million, reduced its net loss by 44%, to UAH 38.5 million.
The plant’s charter capital is UAH 159,800.

, , ,