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About $ 1 billion will be invested in the commercial property of Ukraine

Seven UTG employees together with colleagues from companies "K.A.N.Development" and "Megapolisgylstroy" presented  a super regional shopping center project Respublika, to be opened in Kyiv in 2014, writes Malls.

The objects that are currently in the investor’s portfolio are: Manhatan Mall, funded by the International Bank (investments – about 80 million dollars); Lavina Mall (the construction of which is due to start in December this year) will cost about $ 150 million; Blockbuster Mall – about 80 million, – said in his speech at MAPIC-2012 UTG partner Vitaliy Boyko. If we take into consideration 270-300 million dollars, spent on the construction of shopping center Ocean Plaza, which was opened this year on November 19, then it will estimate $ 1 billion investment in commercial real estate in Ukraine only in 2012-2013.

Against the background of such countries as Poland, the Czech Republic, Hungary, where the market is close to saturation, but is still in the active phase of shopping centers construction, this is a huge investment.

Source: ua-retail.com

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