European investors will build a private school for 200 million UAH

The Kyiv City Hall signed an investment agreement with LLC “AR Education” on the construction of a private school in the Obolonsky district of the capital.

The volume of investments in the construction of the school will amount to 200 million hryvnia. According to the project, the educational institution will be located on the territory of 2.2 hectares at Prospekt Heroes of Stalingrad 10V and will accommodate 660 students.

“We received applications from two foreign investors who presented their vision of a modern private school in the capital. And by the decision of the investment commission, the right to build was obtained by a company with European investments, which made the best offer for the city. We are proud that today these are not just investments in the construction of the school, and above all – investments in the qualitative education of future generations, ” said Oleg Mistuque, General Director of the Kyiv Investment Agency.

The investment of UAH 15.1 million attracted from the investment agreement to the Kyiv budget will be further aimed at creating the social and engineering infrastructure of the capital.

According to Mikhail Oliynyk, Director of LLC “AR Education”, the project of the school is at the stage of designing. Construction is planned to begin in 12 months, and the introduction of the school into operation – after 5 years, in accordance with the terms of the investment agreement.

The investment competition was conducted by the Department of Economics and Investments in accordance with the order of the Kyiv City State Administration dated March 6, 2015, No. 208 “On conducting an investment competition for attracting an investor to the construction of a private secondary school in the 3 rd neighborhood of the Obolon housing estate on the Prospect Heroes of Stalingrad, 10-В Obolonsky district “. The results of the investment contest are approved by the order of the Kyiv city state administration dated December 28, 2017, No. 1703.

For reference

Kyiv Investment Agency is a municipal company, an executive body created and subordinated to the Kyiv City State Administration. The agency provides growth of direct revenues to the budget of Kyiv and investments for the implementation of infrastructure and other projects. The Agency’s mission is to create a single window of interaction between the city municipality and the investor, advisory support, monitoring compliance and a transparent investment process for all parties.

LLC “AR Education” (Kiev) is part of the Agro-region group of companies, which since 2007 is in 100% ownership of the Swedish investment company EastCapital. EastCapital is one of the largest investment companies in Western Europe, has many years of experience in the field of commercial real estate, owns and manages the leading real estate funds in the Baltic countries with a total value of 600 million euros.