Dragon Capital Launches Construction of Phase II of M10 Lviv Industrial Park
The first phase of the project, with a total area of 14,400 sqm, was commissioned in February 2024 and is now fully operational.
M10 Lviv Industrial Park is located in the Ryasne-2 industrial area of Lviv, directly on the M10 highway, 60 km from the Krakovets border crossing with Poland. The total site area of the park is 23.5 hectares and envisages the development of warehouse and industrial real estate with a total gross leasable area exceeding 140,000 sqm.
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% stakes in 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 risks of physical damage caused by war or loss of control over the asset.
The asset is managed by Dragon Capital Property Management. The project targets green certification under international standards. The first building of M10 Lviv Industrial Park has already been certified under the EDGE standard (energy efficiency and environmental sustainability).
Andrii Brynzilo, CEO of Industrial Parks at Dragon Capital:
“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 this operating project, we are working on resuming the implementation of two other industrial park projects in Kyiv region, which we will announce separately in the near future. Demand for high-quality warehouse and manufacturing space in Ukraine continues to grow despite ongoing hostilities, particularly from companies relocating their operations. The launch of Phase II of M10 will enable us to offer the market new opportunities for growth.”
The company offers future residents of the industrial park both traditional lease options and build-to-suit solutions, including design and construction tailored to individual client requirements.
More about М10 Lviv Industrial Park: https://m10.com.ua/
About Dragon Capital
Dragon Capital is one of the largest investment and financial services groups in Ukraine. The company has over 20 years of experience in direct investments in leading Ukrainian companies, as well as in landmark residential and commercial real estate projects.
Dragon Capital Property Management is a property management company overseeing a portfolio of commercial real estate assets. It manages 25 properties (office buildings, shopping malls, and logistics complexes) with a total area exceeding 570,000 sqm.
Currently, Dragon Capital has two industrial park projects in its portfolio: M10 Lviv Industrial Park in Lviv with a total area of 140,000 sqm and E40 Industrial Park near Kyiv with a total area of 200,000 sqm.