United Basketball Investments (UBI), the owner of which is Ukrainian businessman Ihor Kolomoisky, plans to invest about $200 million in four arenas for the European Basketball Championship 2015 in Kyiv, Lviv, Odesa and Dnipropetrovsk, according to UBI.
“The project is implemented on the basis of public-private partnership, when the company invests 25% and 75% is a state loan, which the company undertakes to repay within five years,” UBI PR Director Olha Royenko said at a press lunch in Kyiv.
According to the company, investment in the construction of a multifunctional arena for 15,000 sports seats and 12,500 concert seats in Kyiv will be $100 million.
Investment in the construction of arenas in Odesa and Dnipropetrovsk will amount to $33 million each, the construction of a multifunctional arena in Lviv – $35 million.
As reported, as of August 2013 UBI had invested Hr 50 million in the development of the projects of its four multifunctional arenas in Kyiv, Odesa, Lviv and Dnipropetrovsk. The company plans to invest another Hr 100 million by the end of the year.
UBI, in order to develop the concept of the arena in Kyiv, attracted German architectural holding OW Plan Group, which designed large-scale commercial real estate projects in Russia, Europe and Dubai. UBI attracted SMG as a strategic consultant, one of the largest firms in the world engaged in the development and management of multifunctional commercial real estate facilities.
