Foreign investors are showing readiness to invest up to €20 million in Ukraine’s retail real estate sector. According to Yevheniia Loktionova, Director of the Ukrainian Trade Guild (UTG), speaking at a press conference hosted by Interfax-Ukraine in Kyiv, European investors are interested in both completed assets and new development projects.
In particular, investors are attracted to existing networks of small retail parks with established tenant occupancy. There is also interest in unfinished or neglected buildings that can be relatively quickly completed, refurbished, and brought into operation.
In addition, investors are looking at land plots for the development of such properties, especially retail parks of up to 12,000 square metres. However, according to Loktionova, there is currently very limited supply of such opportunities on the market.
UTG has been operating since 2001 and has developed more than 1,300 real estate concepts. Over the years, projects supported by the company have accounted for the leasing of 4.7 million square metres of commercial space across Ukraine.
According to data from Expandia, investment in Ukraine’s commercial real estate market totaled around $250 million in 2025, compared with $300 million in 2024. At the same time, the number of deals involving office and retail properties increased, while interest in the warehouse segment declined.
The largest deals of the year included:
- The acquisition of the first phase of the Leonardo business center and the Ukraina shopping mall by City Capital Group.
- The acquisition of a golf club by the Kyiv School of Economics for $18 million.
- The purchase of the International Exhibition Center (70,000 sq m) by businessman Maksym Krippa, one of the largest transactions of the year by area.
- The acquisition of Sky Park shopping mall by Inzhur fund for $36 million, one of the largest regional deals of the year.
