Dragon Capital has begun construction of the second phase of M10 Lviv Industrial Park in Lviv, which involves the development of Class A warehouse and manufacturing facilities with a total area of 22,000 sq. m. The first phase of the project, covering 14,400 sq. m, was commissioned in February 2024 and is fully operational.
M10 Lviv Industrial Park is located in the Ryasne-2 industrial zone, directly on the M10 highway, 60 km from the Krakovets border crossing with Poland. The total area of the park is 23.5 hectares and is designed for the development of warehouse and industrial real estate with a total area of more than 140,000 sq. m.
The project is being implemented in partnership with the European Bank for Reconstruction and Development (EBRD) and the Ukraine Investment Fund managed by Norfund, which hold 35% and 30% of the project, respectively. In September 2023, the World Bank’s Multilateral Investment Guarantee Agency (MIGA) provided the project with a 10-year guarantee covering the risk of physical damage to the assets resulting from military actions or loss of control over them.
The facility is managed by the Dragon Capital Property Management team. The project is designed to obtain green certification in line with international standards, while the first phase has already been certified under the EDGE standard for energy efficiency and environmental sustainability.
Andrii Brynzilo, CEO of Dragon Capital’s Industrial Parks business, said:
The development of M10 Lviv Industrial Park is part of Dragon Capital’s strategy to build a portfolio of new industrial real estate in Kyiv and Lviv. In addition to the operating project, we are working on resuming the implementation of two other industrial parks in Kyiv region, which we will announce separately. Demand for quality warehouse and manufacturing premises in Ukraine continues to grow despite the ongoing hostilities, including from companies relocating their businesses. The launch of M10’s second phase will provide the market with new opportunities for development
The company offers future residents both conventional lease arrangements and a build-to-suit format — the design and construction of facilities in line with individual client requirements.
Dragon Capital is one of Ukraine’s largest investment and financial groups, with more than 20 years of experience in direct investment in leading companies and landmark residential and commercial real estate projects. Dragon Capital Property Management oversees 25 commercial real estate assets with a total area of more than 570,000 sq. m, including business centers, shopping malls, and logistics complexes.
Dragon Capital’s portfolio currently includes two industrial parks: M10 Lviv Industrial Park with 140,000 sq. m and E40 Industrial Park near Kyiv with 200,000 sq. m.
