Commercial Property in Ukraine Appeals

The Ukraine has received a great deal of negative publicity in the year to date with reports in the media about its contentious elections, divided government, rift with Russia over gas supplies and pricing and the recent tragic plane crash – but all of this negative news is masking a quietly growing, increasingly successful and incredibly popular commercial property market that, particularly in the country’s capital city of Kiev, is going from unsung strength to strength.

Embodying the current international level of interest in commercial property in the Ukraine is the Leonardo Business Centre in Kiev in the Central Business District; it has only recently reached completion but it is already 82% occupied with global and international names and respected players in the banking, accounting, retail and real estate industries fighting over premium space. 

So successful has the multi-use Grade A space turned out to be that its developers are already actively planning the second Leonardo Business Centre and have received interest from international investors and potential customers already.

Dubbed ‘one of the best business centres in Ukraine’ by Kiev based real estate experts DEOL Partners, the Leonardo Business Centre attracted immediate interest from Reuters, Morgan Stanley, MasterCard and Karen Millen to name but a few global brands and market leaders.  Their interest was peaked by the fact that the centre offers a prime location in the Central Business District, the developers have created truly Grade A space and because the Ukraine economy is gradually strengthening and the nation is continuing to emerge.

Any investment made into property in Ukraine should be considered long term however because the nation lags behind much of Eastern Europe in terms of its GDP growth and reform and because internal governmental stability continues to shift and occasionally shudder. 

Whilst most of the Ukraine and the country’s current Chief of State President Viktor Yushchenko are committed to exacting the necessary changes, reforms and controls to improve economic activity, develop capital markets, rein in corruption and fight inefficiency, GDP growth figures are quite unimpressive and Russia’s control of Ukraine’s energy supplies ensure that GDP growth will be kept in check and artificially restricted for quite some time.

Despite these factors Ukraine is emerging, it has great potential - and international investors and businesses can see this potential from a long distance away - which is why strong economic commitment is being made particularly into commercial property projects in Kiev and why the Ukraine’s commercial property market is so appealing internationally.

Special Reports: Property News for Ukraine

Ukraine Property Investment Potential
Ukraine's property market is in its infancy and this presents the property investor with both surprising challenges and strong potential

Ukraine Property Buying Guide
The real estate market in Ukraine offers great potential but is immature and a potential investor must proceed cautiously

Ukraine Real Estate Investor’s Guide
Property investment opportunities in Ukraine are plentiful but investment into the real estate sector should be considered long term.