Israeli company building malls in Ukraine

An Israeli company has recently purchased a 2.6 acre lot in Kiev on which it plans to build a shopping mall.Engel Europe is reportedly going to build a portfolio of at least ten malls in Ukraine and then float its Ukrainian business on a European exchange, perhaps the London Stock Exchange.Since the 2004 Orange Revolution, Ukraine has managed to attract significant investment from Israeli developers. Engel Europe is also negotiating to build malls in Volgograd in Russia and in the Belarusian capital of Minsk.

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