Page 53 - UKRRptMar20

Ukravtodor reports on Facebook. The ProZorro tender called for building a 9 km highway with six interchanges and two major bridges -- the highway connects Khortytsia island with the right and left banks of the river. The unfinished bridge has been a city landmark since construction first started 16 years ago. The Zelenskiy Administration wants the project completed by the end of 2022.
9.1.4 ​Construction & Real estate sector news
The Kyiv metro area has 50% more ‘high quality retail space’ per capita than the Moscow metro area​, according to new statistics by UTG, the Ukraine real estate consultancy. Kyiv’s metro population of 3.7mn people has 1.8mn square meters of shopping space, or two people per square meter. Moscow’s metro population of 12.5mn people has 4mn square meters of shopping space, or three people per square meter. With Russia’s economy stagnant, the gap may grow. Without counting 21 Kyiv region malls in ‘concept’ stage, Kyiv is to add 550,000 new square meters – a 30% increase from today’s levels -- by the end of next year. This would raise Kyiv’s retail saturation to 1.6 people per square meter, about double Moscow’s.
In Kyiv, 241,000 square meters of new retail space went on the market last year​. This is 50% more than the 159,000 square meters of gross leasable area that went on the market in 2018. With the new supply, Kyiv’s overall retail vacancy rate is creeping up, hitting 7.8% in December. For regional malls, the vacancy rate is twice as high – 15.4%, reports UTG.
The average starting price for a new apartment in Kyiv increased by one third in 2019, to $1,245/square meter​, compared to $931/square meter in 2018. Construction +20% last year.
“The Year of Great Construction” is the slogan Prime Minister Honcharuk is using to galvanize heads of the 24 regions to prepare for the March 1 start to the building season​. In addition to submitting lists of roads to Ukravtodor, the highway agency, oblast leaders are to submit by Friday lists of other projects to the Regional Development and Forestry Ministry. “We are launching major construction and major overhaul of schools, kindergartens, hospital reception offices, stadiums and roads across the country,” Honcharuk said. So far, only six regions met the Feb. 1 deadline to submit lists of roads to Ukravtodor, reports Ukrinform.
9.1.5​ Retail sector news
Inhabitants of Odessa, ​Ukraine’s​ third largest municipality, and visitors to the country’s prime holiday destination will enjoy better retail standards as a result of the expansion of the Riviera Shopping City (Riviera​) supported by the EBRD. A €52.5mn financing package arranged by the Bank for the special project company Novi Biznes Poglyady (NBP), which owns and operates Riviera, will help it expand the existing gross leasing area by 18,131 square meters by the end of 2022. The loan will also be used to restructure NBP’s balance sheet. As part of the investment programme, hundreds of young women and men will be able to receive specialised vocational training in, IT, foreign languages, sales, marketing and other disciplines.
53​ UKRAINE Country Report​ March 2020 ​ ​www.intellinews.com