Malta-based developer Von der Heyden Group will enter the Ukrainian market by planning to invest $50m-100m (€44.2m-88.4m) in projects in Kyiv and Lviv in the next three years, according to a press statement by the company.
The group is planning to invest in the construction of offices and hotels, teaming up with local market players, “after the due diligence of various assets is completed,” the press statement says.
“We expect two new projects in Ukraine this year and are entering the fifth market outside of Germany, Poland, Spain, and Malta. This will contribute to the further growth and development of the country,” said Sven von der Heyden, the head of the group.
Von der Heyden Group has been present in the European real estate market since 1989 in four areas: investment in real estate, development, the international hotel group IBB Hotel Collection, as well as alternative investments.