Stolitsa Group Assisted Kyiv Defence from Start and Now Resumes its Work

12.05.2022

During the most challenging period for our investors, understanding their concerns and risks, recognizing the need to build new high-quality housing, Stolitsa Group has developed a plan for the resumption of the company's work. Taking into account all security measures for employees and customers, we will resume our activity from May 12, 2022. The head office will start working on May 14.

“Realizing the importance of resuming the economic development of Ukraine, the beneficiaries approved our plan to resume the company. We are gradually returning to activity at our construction sites, starting with the Warsaw Plus residential complex,” said Eduard Sokolovsky, CEO of Stolitsa Group.

First of all, the company plans to fulfill all its obligations towards investors regarding the commissioning of ready-made Varshavsky Plus houses and the completion of other Varshavsky Plus houses, on which work had previously begun.

Simultaneously with the resumption of construction work and the fulfillment of obligations towards the investors in Varshavsky Plus, the company also resumes the sale of apartments and offices on Varshavsky Plus.

The next project where Stolitsa Group will resume construction and sale will be Varshavskiy 2 residential complex.

The company also resumes the process of transferring apartments and registering ownership of the previously completed facilities of Seven Residential Complex, Galaktika Residential Complex and Lipinka Residential Complex.

Since martial law was introduced and the construction work was temporarily ceased, all Stolitsa Group facilities remain under secure protection. All work will be carried out taking into account the current safety requirements of people, the peculiarities of martial law and curfew restrictions in the capital.

Stolitsa Group employees actively participated in volunteer initiatives. “Since the first day of the war, Stolitsa Group has been actively helping volunteer organizations in providing the people of Kyiv with food, clothes and essential goods. We also helped build defensive and anti-tank barricades in the city. Today, the company is already resuming work and plans to participate in projects for the restoration of the country's housing stock and infrastructure,” said Vlada Molchanova, co-founder of Stolitsa Group.

Associated with the Stolitsa Group, the Novus grocery supermarket chain has been constantly working and continues to work, providing great support to people in need. “Since the beginning of the war, the Lithuanian charitable foundation Food for Ukraine, founded by Novus, has brought more than 900,000 kg of food products worth more than 1 million euros, which were distributed among the most socially vulnerable residents of Kyiv and the Kyiv region,” said the beneficiary of the Stolitsa Group and Novus Raimondas Tumėnas.

Renovation work is already underway at the Retroville shopping center, also associated with the Stolitsa Group. Three-quarters of the Retroville shopping center will be open to visitors in August this year, and the rest of the area will be opened in stages in December 2022 and March 2023.

We believe in the victory of Ukraine and continue to work to provide citizens with comfortable and high-quality housing. Thanks to our investors for their trust.

Let's rebuild the country together!

Source: Stolitsa Group

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