IT Park becomes the first infrastructure investment in Ukraine of one of the world’s largest asset management companies:
The western Ukrainian municipality of Lviv will receive a financing package of up to 35 million euro arranged by the European Bank for Reconstruction and Development (EBRD) to address long-standing solid waste management issues. In doing so, it becomes the first Ukrainian city to join the Bank’s Green Cities Framework. This framework offers a comprehensive business model for green urban development, combining strategic planning with investments and associated technical assistance. As such, Lviv will over the next twelve months be implementing a Green City Action Plan (GCAP) in order to implement green municipal investments and necessary policy reforms.
2nd from right: Lviv City Mayor Andriy Sadovyi
Innovation District IT Park, the largest infrastructure project of Western Ukraine, was launched on 30th of June 2018. The groundbreaking ceremony was hosted by the consortium of partners: project’s initiators Lviv IT Cluster and Galereja Centre, as well as investment companies Brookfield & Partners and Horizon Capital.
IT Park’s officially announced construction will cost in total 143,3 million euro, this amount is invested by several companies. Volodymyr Zhenchak, developer and investor of the project Galereja Centre says: “By 2021 we will build six 8-story buildings with a lease area of 72,000 m2. One high-rise business centre with a total area of 32,000 m2, a multifunctional centre with a variety of leisure and relaxation areas, conference rooms, and an international network hotel. However, the real value of IT Park cannot be measured with square meters. It’s a very ambitious project, and our goal is to implement it in the best possible way”.