"Russia and Ukraine are primarily local markets, dominated by local developers and investors".

Alexandr Shkarupa

Though comparatively a young company, ALACOR is already among the leading players on the Ukrainian real estate market and has already achieved its goal to become the competent local partner of international institutional investors, evidence of which is the extensive co-operation agreement the company has entered with Immoeast Immobilen Anlagen AG. In this interview Aleksandr Shkarupa, Principal of ALACOR, is talking about a number of interesting issues such as: What is similar and what is different between the Ukrainian and the Russian real estate markets? What is the bad news for the international players with regard to Ukraine? Why ALACOR’s investment approach so well complements the institutional investors’ strategies and demands? What is the next step in ALACOR’s partnership with Immoeast? Is the company considering a listing on the Stock Exchange and when? Which are the most attractive segments and the most perspective regions of the Ukrainian real estate market? Why, despite the fact that demand for logistics space in the country is currently estimated at 1 mln sq. m, the completion of many logistics projects that have been recently announced in Ukraine was postponed for later in the future? Who are the world leading retailers to enter the country in the foreseeable future and who are the ones that ALACOR personally is going bring to the market? And also: Which are the main issues in and the major drivers of the Ukrainian real estate market? How many years are needed for the country’s real estate market in order to become as sophisticated as those of the Czech Republic, Hungary and Poland?

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