Ukraine recorded its first land purchase by a Western private fund since the Russian invasion in 2022.
The Odessa News reports the Amsterdam-based Arcona Property Fund (APF) acquired a land plot in central Kyiv from Secure Property Investment and Development, a British company, for $2 million. The deal belatedly concludes an agreement between the companies that was signed in 2020 and covered six assets in Bulgaria, Romania, and Ukraine.
APF said the 1.3-acre land plot could be used for a luxury residential development. Guy Barker, director of APF’s managing board, acknowledged the current environment in this market – where President Trump has begun a new push for Russian-Ukrainian peace talks – could lead to a new wave of real estate development.
“We have carefully monitored the military, political and economic developments since then and as the purchase conditions have been fulfilled, we now feel confident enough in the future of Ukraine to proceed with the deal,” Barker said.
