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The “Toronto-Kyiv” Complex

Short description

The company specializes in: leasing and maintenance of premises, development, property and facility management, event management, strategic real estate advisory and hotel development.

Location:
Kyiv, Ukraine
Investment amount:
n/a
Payback period:
n/a
Duration:
n/a

Brief description of the project

The company specializes in: leasing and maintenance of premises, development, property and facility management, event management, strategic real estate advisory and hotel development. The Complex is operated by the Managing company – TK Property Management LTD.

The Complex consists of class “A” office premises with a full spectrum of high standard services, shopping stores & boutiques, restaurants, event spaces and the hotel with the brand Holiday Inn Kyiv managed by the InterContinental Hotels Group. Holiday Inn Kyiv being a part of the IHG Green Engage system and basing on the world-class LEED-principles, is the first hotel under Holiday Inn brand in Ukraine.

PJSC Toronto-Kyiv and TK Property Management LTD permanently maintain relations with the foreign partners by welcoming and accompanying the diplomatic missions. The Toronto-Kyiv Complex together with CUCC and WNISEF were copartners in organization the reception of the Canadian delegation and the visit of Canadian Prime Minister Justin Trudeau to Kyiv in July 2016, during which was signed the Canada – Ukraine Free Trade Agreement and a number of additional business projects. For the Canada Ukraine Business Forum, which was held in Toronto in 2016, the Toronto-Kyiv Complex was chosen by the Canadian Government one of eight (8) companies, as reputable examples of the successful trade and economic cooperation between two countries. In October 2017, the Toronto-Kyiv Complex welcomed the visit of the Canadian delegation from Alberta, headed by Honorable Mr. Deron Bilous, Minister of Economic Development and Trade of Alberta, and the running up flag ceremony.

Brief Market Overview

The situation in the real estate market overview will depend above all on developments on the fronts and the level of security. If the situation does not deteriorate or even improve, in all probabilities we will see a further resumption of demand in the market and have a chance to reach the pre-war level of recovery, but only in the best projects.

In the commercial real estate market prices have dropped everywhere except in the western region. Landlords are mostly flexible and give 30-60% discounts for the duration of martial law. It should be noted that during the first months of the war some objects were allowed not to pay rent. For now, the parties fix rental rates for a period of 1-3 months. This trend will continue next year - until the sales reach the pre-war level in foreign currency equivalents on average in the market.

On the retail real estate market, most operators switch to paying rent based on a percentage of turnover. There is also a trend to sign a temporary work stoppage agreement, but not to terminate them.

The market as a whole expects a complete reformatting: the focus will be on the projects with an ecosystem for life.

Expansion of the project portfolio and the addition of in-demand services.

At the same time, quality and safety will not fall, even in difficult economic conditions, but will continue to adhere to high standards.

Company Owners review and Key Stakeholders Overview

KENAIDAN LANDFORD DEVELOPMENTS LTD

Potoczny Zenon Michal

Rysʹ Sergey Nikolayevich

Kryvosheya Sergey Viktorovich

Kryvosheya Yuriy Sergiyovych

Company contact information

email
torontokyivcomplex@yahoo.com
website
Website
rebuild-ukraine-branding