The management company ASTROBILD consolidates the industrial assets of two industrial parks – Bila Tserkva and Bila Tserkva 2 under its management
Kyiv, August 01, 2024. — The initiator of the ‘Bila Tserkva 2’ industrial park signed an agreement with the managing company ASTROBUILD LLC. This agreement finalized the consolidation of the management of assets from both industrial parks – ‘Bila Tserkva’ and ‘Bila Tserkva 2’. ASTROBUILD LLC will now manage the functions for both parks, aiming to create a more efficient management mechanism by centralizing services and improving operational efficiency.
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The challenges facing businesses today require more flexible responses, active involvement in the change process, cost reduction, synergy, and new approaches to attracting investors. This consolidation aims to create a more efficient mechanism for managing the asset portfolio of the ‘Bila Tserkva’ and ‘Bila Tserkva 2’ industrial parks. Through consolidation, certain service and management functions will be centralized, enhancing the synergy between the two parks and improving their operational efficiency,” Andriy Ropitskiy, CEO of the ‘Bila Tserkva’ industrial park, said.
The criteria for effective management of industrial assets are defined in the business plans of the industrial parks.
The full development of the ‘Bila Tserkva 2’ industrial park is expected to create over 1,100 new jobs with an annual payroll exceeding 400 million UAH. The total investment for its complete development and operation will amount to approximately 154.9 million USD. In terms of 1 ha of industrial park territory, it is from 4.5 to 6.6 million dollars. USA, depending on the stage of development of the park, which corresponds to the best practices of the development of industrial real estate. Once fully developed, the park will generate up to 30 million UAH annually in taxes and fees for the Bila Tserkva community. To achieve this indicator, in 2024, the first resident was attracted, and work began on preparing the industrial site for new construction.
The business plan for the ‘Bila Tserkva’ industrial park, where only 33% of the land plots (12 hectares) remain available for rent or sale, has not undergone significant changes. There are 41,000 square meters of production and warehouse facilities built on the developed territory of the park, attracting 14 residents, including Unilever, InTiCa Systems, Pripravka, and other companies. Nearly 50 million USD has been invested in the development of the ‘Bila Tserkva’ industrial park. The development plan includes constructing an additional 52,000 square meters of industrial buildings and attracting another 47.5 million USD in investments.
ADDITIONAL INFORMATION
The ‘Bila Tserkva’ industrial park, included in the register of industrial parks on April 13, 2018, and the ‘Bila Tserkva 2’ industrial park, included on October 4, 2018, are projects of the UFuture holding company. The goal of these industrial parks is to create infrastructure and conditions for sustainable industrial development in Ukraine. The parks offer industrial land with all engineering and transport infrastructure, as well as modern production and warehouse buildings and logistics complexes for rent or purchase.
ASTROBUILD LLC is a professional developer with the relevant expertise and experience in industrial real estate projects. Since its establishment in 2019, the company has developed over 10 hectares of industrial land and commissioned more than 12,000 square meters of production and warehouse space.