Stolitsa Group, a development company within the 2112 Holding portfolio, is to receive up to $35 million in financing from the European Bank for Reconstruction and Development (EBRD) for the implementation of residential projects in Kyiv.
The financing is expected to be allocated to the construction of a new phase of the Varshavskyi residential complex in the capital, as well as to the development of subsequent phases of this project or other residential assets within the group’s portfolio.
The project also предусматривает first-loss risk coverage by the European Union under the Ukraine Investment Framework guarantee agreement, specifically within the framework of the Municipal, Infrastructure and Industrial Resilience Plus Guarantee Programme.
For the Ukrainian development market, this is an important signal. The potential involvement of EBRD financing demonstrates the continued attention of international financial institutions to residential projects in Ukraine and their willingness to consider support for the sector even during the full-scale war.
For 2112 Holding, this is also significant in the broader context of the country’s recovery. The development of new housing stock is now one of the key priorities for Ukraine’s future reconstruction, as millions of Ukrainians have lost their homes or have been forced to leave them because of the war.
