Ukrainian corporation TERWIN, owned by businessman Ruslan Shostak, is expanding its WINHUB project to develop a network of modern logistics parks across Ukraine. The company is assembling a land portfolio to support the construction of approximately 1 million sq m of warehouse space. The project is scheduled for completion by 2032, with total estimated investment of $700 million.
WINHUB specializes in developing Class A logistics parks along key transport corridors connecting Ukraine with the European Union. The project focuses on Kyiv, Odesa, Lviv, and Dnipro. According to the company, its current land portfolio comprises three sites: two in Kyiv region and one in Odesa region.
Two projects are being developed in the Kyiv region. The first, WINHUB Kyiv Mriya, involves the construction of a logistics park on an 18-hectare site in the village of Mriya, Bucha district. The facility could provide approximately 101,000 sq m of warehouse space. The second project, WINHUB Kyiv Airport, is planned for a 26-hectare site near Boryspil International Airport, with a projected area of approximately 160,000 sq m.
For the Mriya project, WINHUB has secured an international partner, White Star Real Estate. The companies have agreed to establish a joint venture to develop the logistics park. In July 2026, Ruslan Shostak stated that the project's total budget was estimated at approximately $80 million and that construction would be carried out in phases. The first phase is expected to deliver around 20,000 sq m of warehouse space.
Another major development in the network is located in Odesa region. According to WINHUB, the WINHUB Odesa project involves the development of a logistics complex with a total area of approximately 168,000 sq m.
In comments to Interfax-Ukraine in October 2026, TERWIN President Ruslan Shostak said the company was negotiating the acquisition of additional land plots and expected to assemble a land portfolio sufficient to develop 1 million sq m of real estate by the end of 2026 or early 2027. According to Shostak, construction at some sites has been slightly delayed, as the company is currently focused on site preparation, utility infrastructure connections, and design work.
Shostak had previously outlined plans to develop a network of approximately five logistics parks by 2032. The WINHUB project is being implemented by TERWIN Corporation, whose businesses include the EVA and VARUS retail chains. The expansion of logistics infrastructure is intended to provide modern warehouse facilities for Ukrainian businesses and strengthen transport connections between Ukraine's regions and European markets.
