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Companies’ projects of the Ukrainian real estate market should first be prepared technically for possible interest of foreign investors. This opinion was expressed by the participants of the URE Club business breakfast which took place on March 20th in Kiev. The breakfast was dedicated to the participation of Ukraine in the international investment events. According to the experts it’s not enough just to present a project at the international events - it should meet all technical requirements and all instruments of efficient investments attraction.
Experts agreed that in the context of the instable economic situation they shouldn’t anticipate an intense interest of the foreign investors in the development projects. But exactly during this «investment slowdown» developers have a chance to make all preparatory works: to consider conditions of project development, technical requirements and efficient investment instruments.
According to Dmitriy Sennichenko, CEO of JLL Ukraine, «besides esthetic aspects of the stands, it is important to show projects mainly with high level of preparation: confirmed demand, technical specification, structures for investment, project construction schedule and expected profitability. Ideally, they should prepare investment memorandum in accordance with international requirements. Such an approach will be appreciated by the investors. It should be «a home task» for all developers in Ukraine willing to attract investors in order that the project presentation at the exhibition will have chances for positive result».
In addition to technical preparations the specialists pay attention on the fact that presentation in the context of the international investment exhibitions should be regular and systematic. « We should remember the outcome of the exhibitions is not instantaneous. It can be realized year or six months after. We shouldn’t anticipate that upon arriving at the exhibition all agreements will be signed. In this context we should talk about completely different results – it is establishment of new business contacts and networking» - Lev Partskhaladze, President of Confederation of the constructors of Ukraine underlines.
Of course to reach such a result, the experts underline, the country must overcome new challenges and reach stable politic and economic situation. According to real estate participants, in the context of coup and the Ukraine-EU Association Agreement conclusion the investment interest in the local real estate projects can rise significantly in the nearest future. Aleksei Chernyshov, partner of the project Kiev Business Harbor believes that «the main task of the real estate players is to rebuild investment credibility of the regions, country and cities of Ukraine. We have already had such an experience in 2004. We’ve got it again10 years after. There won’t be one chance more – nobody will trust us».
According to the results of the meeting they made a decision to create cooperated platform to present real estate projects and Ukrainian cities during the future investment exhibitions. Such a platform should be one of the mutual activities to attract and manage investment in the Ukrainian real estate market. Creation of this mutual investment platform will be supported by Ukrainian Real Estate Club as a professional organization.
All interested parties will have an opportunity to discuss the creation of mutual stand during regular meetings. The time and place of the meeting will be announced later. The head of the work group will be Aleksei Chernyshov, partner of Kiev City State Administration project Kiev Business Harbor. The readiness to take an active part in this project was expressed by Lev Partskhaladze, President of Confederation of the constructors of Ukraine and Dmitriy Sennichenko, CEO of JLL Ukraine.
URE Club press breakfast on efficient presentation of the real estate projects at the international investment events was coincided with MIPIM 2014, which took place in Cannes, France. Among the guest of the event were Aleksei Chernyshov, partner of Kiev State City Administration project Kiev Business Harbor, Andrei Malafeev, UrbanCivilDesign, Andrei Melnikov, InterBuildExpo, Vladimir Bandura, Continium Group, Dmitriy Sennichenko, JLL Ukraine, Lev Partskhaladze, Confederation of Constructors of Ukraine, Maksim Belous, ESTGATE DEVELOPMENT, Nick Kotton, DTZ Ukraine, Svetlana Shulevskaya, NAI Pickard and Timur Bondarev, Arzinger.
Background
Ukrainian Real Estate Club is a professional branch organization on the Ukrainian real estate market, contributing to its development and improvement. We are a unique platform for cooperation and communication between members of the Ukrainian and foreign real estate markets, as well as various related segments.
Speakers and participants of our events are leading experts of the real estate market, as well as other areas (information technologies, economics, law, banking, trade, investment, development and many others).
Among our activities are forums, conferences and summits. In addition, thematic business breakfasts, roundtable meetings and sessions of the UREC Legal Committee are held regularly.
