New inclusive business hub opens in Lviv Oblast

Business

26 July 2024, 03:51 PM

A new inclusive business hub, PROSTIR, has officially opened in Lviv Oblast, offering over 118,000 square feet of warehouse, manufacturing, retail, and office spaces, according to Alterra Group's press release.

The hub aims to attract progressive Ukrainian entrepreneurs.

Located on the Lviv ring road, just 8 miles from downtown Lviv, in the village of Zymna Voda, PROSTIR is conveniently near the Polish border — 38 miles from the Shehyni crossing point and 48 miles from Krakivets.

PROSTIR is the first warehouse in Ukraine to be included on the LUN "City Without Limits" map. The building features ground-level entry and parking spaces for people with disabilities.

The hub plans to host educational events for employees and residents, focusing on service excellence and societal inclusivity.

The minimum investment area for the project is 1,875 square feet, with a cost of $825 per square foot.

The total minimum investment is $143,715, with an estimated payback period of around 10 years.

Investors can earn returns by leasing out their spaces, either managing the process themselves or delegating it to a property management company.

The total commercial space is 119,500 square feet, with 35% (47,000 square feet) still available and 65% (77,500 square feet) already sold as of July 2024.

The hub operates on a sharing economy model, which means shared use of the facility’s resources. This approach, combined with centralized maintenance of engineering networks and the center’s operations, reduces service costs compared to maintaining individual premises.

The company envisions further project development by building a community of residents and fostering business growth. Plans include organizing free events, training sessions, and workshops for self-development, networking, and establishing friendly relationships.

Alterra Group is a Ukrainian company specializing in turnkey commercial real estate development and management. Its portfolio includes 43 properties totaling 1,883,700 square feet.

The developer is known for its new-format logistics center, PORT, covering 828,800 square feet. Alterra Group is now constructing the FORMATSIA.LVIV industrial park, spanning 1,722,200 square feet, and the PERETYN logistics center, which will cover 516,700 square feet.

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