The Ukrainian commercial real estate market is a stable attraction for the investors. Now it is considered to be one of the most promising and fruitful in Eastern Europe. Property market in Ukraine has an extremely high growth potential.

Last years several large foreign investors purchased business properties in the capital of Ukraine for hundred of millions of dollars. The growing potential of property investment in Ukraine in the field of commercial property, economics development are definitely the reasons for such high cost investments.

It was reported that December 2006 was the month when the Irish Quinn Group announced the purchase of a 93 percent stake in Kyiv’s Ukraine shopping mall, located on the Victory Square. The stake in the 35,000-square-meter mall went for $59 million.

Next object is Leonardo business centre located across the street from the city’s Opera House, in February 2006. Leonardo is a perspective business object that is planned to be filled with shopes and offices. The general director Quinn Group in Ukraine –Vladimir Shimkin, said his company spent nearly $95 million for Leonardo.

He also admitted that Quinn group plans to spend much money into Ukrainian warehouse and office real estate.

Another bright example of selling the Ukrainian real estate to the interested foreign investors include the selling of Pyramida Shopping centre in the newly built area of Kyiv – Poznyaky.

Terry Pickard, the managing director of NAI Pickard says that foreign investors prefer to buy commercial real estate in Ukraine as it can supply regular income while Ukrainian investors are interested in a short term benefit that can be provided by the property.

He also reported that the Ukrainian property market will continue growing and as well attracting more and more investors from other countries.

Source: www.kyivpost.com