The development company Von der Heyden Group (Malta) is entering the Ukrainian market and plans to invest $50-100 million in projects for the construction of hotels and offices in Kyiv and Lviv in the next three years.
“Von der Heyden Group, known for creating iconic office buildings and A class hotels, plans to invest $50-100 million in Kyiv and Lviv over the next three years after the due diligence of various assets is completed. The group with an extensive experience as a pioneer in new markets will invest its own funds, as well as the money of third parties,” the company’s press service said.
Investments will be used for the construction of offices and hotels. The company will work in partnership with local players.
“We see partnership relations in Ukraine, as we always invest in local partners,” the group said.
“We expect two new projects in Ukraine this year and are entering the fifth market outside of Germany, Poland, Spain, and Malta. This will contribute to the further growth and development of the country,” Sven von der Heyden, the head of the group, said.
Von der Heyden Group has been working in the European real estate market since 1989 in four areas: investment in real estate, development, the international hotel group IBB Hotel Collection, as well as alternative investments.
Source: Interfax-Ukraine, InVenture