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Wednesday, December 27, 2006

Kiev city planners approve 350 m USD shopping/office complex

Ukrainian real estate company XXI Century Investments Public Ltd said the city planning committee of Kiev has approved a 350 mln usd mixed-use Vyrlytsia complex in Kiev's Darnytsia district.

The complex comprising shopping, entertainment, hotel and office space would be on a total building space of around 500,000 sq metres. Construction is expected to commence in the third quarter of 2007.

Earlier this year, XXI Century extended its leasing agreement to 25 years with Kiev City Council on the land where the mixed-use Vyrlytsia complex in Kiev will be built.

Vyrlytsia is a station on Kiev Metro's Syretsko-Pecherska line