DCH Group, owned by a businessman Alexander Yaroslavskiy, having invested $ 70 million into phase one of Vozdvyzhenka housing development construction in Kyiv city center, keeps interest in further investment into this project, as reported by DCH Real Estate manager Pavel Dolzhenko.
“We are interested in the investment. However, DCH company has to understand what it is investing in. We are presently developing the project’s concept, which will impart an understanding of what exactly and to what extent it would be reasonable to construct,” said Pavel Dolzhenko.
According to him, previously developed urban planning and front-end engineering designs show that special attention during phase two of the construction should be paid to not only high-quality accommodation but also to social, cultural, and trade objects, as well as to increasing the number of parking slots.
P. Dolzhenko specified that DCH investment process into Vozdvyzhenka project went through 2 stages: at the first stage, $ 50 million was invested into construction of the objects put into service before 2007; at the second stage, $ 19 million was used for completion of the housing development construction and creation of a living environment.
Two office centers were built (3 thousand sq. m and 6 thousand sq. m) with the help of the second part of the investment, as well as residential houses with the overall area of 6 thousand sq. m in Kozhemyats’ka street, underground parking was put into service, work on utility networks and protection of territories was completed, the central square of the residential area Arts Square was developed, Kozhemyats’ka street was resurfaced and greened up (second line), an operation organization was set up, etc.
Vozdvyzhenka is an elite housing development situated in the historical center of Kyiv, between the Andriyivskyy Descent and Verkhniy Val street. It is limited by Vozdvyshens’ka, Kozhemyats’ka, Dehtyarna, and Honcharna streets in Honchary-Kozhemyaky district. The construction of the housing development began in 2002.
Zagorodniy Kievgorstroy-1 Trust PJSC (real estate developer and co-investor of Vozvyzhenka housing development construction) previously announced their plans to begin construction of a Park Inn brand hotel with approximately 240 rooms in the area together with Double W Firm LLC (also Kyiv) in 2014.
Zagorodniy Kievgorstroy-1 Trust PJSC (Kyiv) is the project owner and a co-investor together with DCH Investment Management.
Zagorodniy Kievgorstroy-1 Trust PJSC was created on September 1, 1994. The trust is an allied member of Kievgorstroy holding company; it constructs accommodation and social objects in Kyiv.
DCH Group was created on the basis of assets owned by A. Yaroslavskiy, who left the shareholdering structure of UkrSibBank at the end of 2010. Aleksander Yaroslavskiy is the founder and beneficiary of the group. DCH assets structure includes XXI Century company, Kharkiv Palace hotel, Karavan shopping malls chain, Kharkiv International Airport, Kharkiv Airlines, and Olymp RC.
interfax.com.ua
