UFuture sold LvivTech.City to optimize its portfolio

9 July, 2024 UFUTURE

UFuture Holding has finalized the sale of the B01 office building and corporate rights in the companies that own LvivTech.City innovation park project located in the western Ukrainian city of Lviv. This decision was made by Vasyl Khmelnytskyi, the founder of UFuture, to optimize the asset portfolio and allocate funds for the development of key projects in Kyiv and the region, as well as to reduce the loan burden. Developers from the western region of Ukraine became the project’s new owners.

"Innovation parks and comprehensive projects that are a continuous ecosystem are a global trend we have brought to Ukraine by creating UNIT.City and scaling the project in the western and eastern parts of Ukraine. I am glad that Ukrainian developers have become the new owners of LvivTech.City understand the prospects of this model. For me and UFuture, the funds raised from the sale will provide an opportunity to reduce the loan portfolio and redirect investments to key projects for the company,” Vasyl Khmelnytskyi comments on the deal.

Vasyl Khmelnytskyi is a Ukrainian entrepreneur and founder of UFuture. His priority is to invest in the latest areas that contribute to Ukraine’s competitiveness in global markets: pharmaceutical production, renewable energy, high technology, and innovation. His largest projects include the development of Kyiv Sikorsky Airport and the creation of UNIT.City and LvivTech.City innovation parks. Among the initiatives the entrepreneur supports are the Kyiv International Economic Forum (KIEF), the School of Small and Medium Enterprises, Lean Institute Ukraine, etc.

UFuture is a holding company of Ukrainian entrepreneur Vasyl Khmelnytsky that unites his commercial and social projects. The company has a diversified portfolio of assets in real estate, infrastructure, industry, renewable energy, pharmaceuticals, and IT. The value of UFuture’s assets is estimated at $500 million, and the total capitalization of the businesses that the company has invested in is up to $1 billion.