ECO Tower Last Minutes Progress

It seems, our property will be launched pretty soon :) We have a small fan-club here, so, please find last pics from SkyscraperCity group here

My New Challenge

Some of you, perhaps would kile to ask me - where I've been for a while. I have a reason. I'm very busy for now. From Dec 2009 I'm a Chief Operational Officer of ECO Tower - first A-class building in Zaporozhye (approx K800 people here). This is a big challenge for me, not only because Zaporozhye. In current market, to launch brand new property is pretty complicated goal, particularly for the city. The main problem - Zaporozhey has not any experience dealing with investment grade property at all. So, no one know, R/U, OPEX and many other things. But I guess it's just a time issue.


Couple words on my new business. ECO Tower (formerly known as Bayda Business Hall), is first project of well-known Austrian investment group - ECO Business Immobilien. That's public company with project within Austria, Germany, Hungary and Ukraine. The property should be commisioned at summer 2010, so we are very close to the finish line for the moment. ECO Tower is 19-storey office building with 3 retail floors. Total GLA about K11 sqm. There are 2-level underground parking for 92 cars. But greatest advantage is location. We all know "location, location, location". And we are the best one in Zaporozhye. ECO Tower is located in central square of the city, in front of region administration building. Now doubt - this is a best place for commercial building you ever could find.


I'm open for any business contacts, as usual. btw, I'm looking a business contact for corporate apartment hotel opportunity. 15th and 16th floor are great options for that.



So, I will try to back in track with the blog. Keep tuning.

GLD Takes Good Speed

GLD Invest (Austria), one of the leading international player in Ukraine, is going to to expand own activity in Ukraine. Recently company sold its K40 sqm logistic project East Gate to another Austrian investor, Akron Group for EUR 35 mln. At the same time, another their logistic property West Gate is very successful and almost rented out. Also they are going to Odessa with new logistic property, as well as Kharkov and Zaporizhia.

Besides, a company intends to go next level of the operations, taking into interest to office market, too. In this market, company announced funds about EUR 200 mln. This fguure quite correspondent with funds amount which is announced for Ukraine' project and exceeds EUR 450 mln.

That's pretty clear, because for now, GLD has good experience on local market with comprehensive expertise, with own experience and feeling of Ukraine market. And good relation within professional community. I could wish to Clemens Lehr (GLD' Head in Ukraine) and company in whole good results and noticeable project.

Amstor Has 19 Store Already

Amstor Company (Donetsk) has increased number of its supermarkets to 19, having opened a hypermarket in Zaporizhia at December 21.

According to the statement, shopping center has 13,500 sqm. The object is able to provide services up to 10,000 customers daily. The shopping center is conveniently situated near road intersection and three large multifamily areas, where 200,000 people live, at least.

Amstor is focused on shopping centres development and management in Donetsk and Zaporizhia regions.

Short news - METRO expand their operations to Zaporozhia

METRO Cash & Carry Ukraine has leased land in Zaporizhia.

5 March, Zaporozhye City Council leased 6.04 ha land plot for 49 years to METRO Cash & Carry for the shopping centre construction.

The land located on the Kharkov - Simferopol highway