The Greenville Group of Companies plans to launch a new apartment complex in Kyiv in 2025 and a "comfort+" residential complex in Lviv, as reported by the group's press service to the Interfax-Ukraine agency.
"The Greenville Group is constructing business-class residential complexes Greenville Park and Greenville in Kyiv. Next year, we plan to initiate two new projects – an apartment complex in Kyiv and a 'comfort+' residential complex in Lviv. Currently, both projects are in the development stage," the company clarified.
As of the end of 2024, the developer completed the construction of 19,400 sq. m of housing in its capital projects. In the coming year, construction is set to begin on the 9th section of the Greenville residential complex, while the 6th and 7th sections and underground parking are to be completed. In the Greenville Park complex, the facade work and the installation of electrical networks, plumbing, and heating systems will be finalized.
According to the group, clients are adopting a wait-and-see approach and are hesitant to invest in business-class housing.
"Based on our observations, nearly 60% of visits to sales departments are due to deferred demand. Another massive missile strike on Kyiv practically guarantees postponement of deal signings for 3-6 months – people need time to recover and reassess the feasibility of their purchase," explained Greenville.
Furthermore, fewer transactions are being made in the higher housing category under the "eOselya" program: in 2024, the company signed five such contracts. At the same time, the popularity of alternative programs from developers is increasing. According to Greenville's analysis, the number of clients who utilized installment programs has risen by 15% compared to the previous year.
The Greenville Group was established in 2007. It engages in joint investment projects in construction with a focus on "green" technologies and invests in renewable energy projects.
The company's portfolio includes four residential development projects in Lviv (the residential complexes "Misto Trav," "Dobra Oselya," Greenville House, and Greenville Park Lviv) and two projects in Kyiv (Greenville and Greenville Park).