Maxim Krippa, owner of the Parus business center and the Ukraine hotel in Kyiv city center, is acquiring Graal LLC through his investment fund Ars Capital. The company holds development rights for a strategic land plot near Khreshchatyk Street in the heart of the city center.
According to Forbes, Graal LLC was previously owned by Kyiv developer Igor Nikonov (founder of KAN Development). KAN Development’s press service confirmed its exit from the project, while City Capital Group declined to comment.
On Feb. 12, the Antimonopoly Committee of Ukraine (AMCU) granted the fund permission to gain sole control over the developer Graal LLC.
As reported by Forbes, the project involves building a multifunctional complex named “Stolychnyi” on six land plots totaling 0.86 hectares (2.1 acres). The complex will feature a total area of over 44,140 square meters (475,120 sq ft), including 219 apartments, offices, and retail premises. The building also includes a multi-level underground parking facility.
In a written response to Forbes, the Ars Capital press service stated that the goal of the acquisition is to transform a long-frozen development site into a modern and functional space, and to “align the area with a unified aesthetic standard for European Square.” The location is next to the Dnipro Hotel, which was officially purchased in 2020 by Alexander Kokhanovsky, founder of the NAVI esports team – the key asset owned by Krippa.
Forbes notes that although Krippa has not officially confirmed ownership of the Dnipro Hotel, previous reports by Liga.net linked him to the buyer registered at his private residence.