In autumn 2008, when the companies did not seem to take care about participation in associations, an absolutely new union, unique both regarding a format and essence, appeared at the real estate market of Kyiv. It is the union that, for a decade, has been successfully helping to solve the most topical issues in the industry and to build new business contacts, as well as to promote the market image abroad and to adopt practices of the best projects in the world. We are speaking about the association of Ukrainian real estate market players – Ukrainian Real Estate Club (URE Club).
In 2008 URE Club became the first excellence club for a wide range of professionals in one particular industry: developers of residential and commercial real estate, managing and consulting companies, banks and legal firms operating in the real estate market. Until that time, such clubs had only united with regard to personal hobbies – for example, cigars or golf. Unfortunately, there had not been a club format for business in Ukraine before URE Club was founded which was known in Europe and foreign companies were accustomed to.
The idea was to create a platform for real estate players since all the Club founders had been directly involved in the real estate at that time. At this platform they could hold different events, thematic meetings, articulate important requirements, strategies and tactics of development common for real estate professionals. The real estate market got a voice, “foothold”, which is known to allow moving the earth, if wished.
It became clear very soon that the crisis was not an obstacle but, vice versa, a driver for the companies to get united into an association. Moreover, they understood that a range of issues for the association to solve could be wider.
It includes both efficient communication of the real estate market leaders at the events and the involvement of international experts and, moreover, the establishment of a universal base for foreign companies to enter the market, obtaining of general information about the market operation, a place for prompt (and reliable!) meeting of key local players.
On the other hand, the Club (this course will really get a boost in the future) was a starting point for promoting a positive image of the Ukrainian real estate market abroad, exchanging the experience of professionals from Ukraine with the experts at the markets of Europe, Asia and the USA…
Uniting the companies into a unified structure allowed solving the issues related to legislative initiatives and regulation in the industry, creating points of influence and lobbying the business interests at special meetings with the authorities.
Accumulation of information from the whole market and generation of specialized content for its participants have become a separate vector; in other words, it is the building of a full-fledged information channel in a hyperfocused niche, almost without middlemen represented by editors and journalists, although dedicated work on building relations with mass-media was systematically
and separately carried out.
In general, the URE Club co-founders have succeeded in establishing a kind of support, point of application of the force, with general purpose to develop the market, to enhance its investment attractiveness and perception by the international business community. URE Club has received a very true slogan: “creating opportunities”.
The first event organized by the Ukrainian Real Estate Club was held on November 13, 2008. It is symbolic that its subject was Global Financial Crisis and the Real Estate Market in Ukraine. KDD Group 1849 PLC, Deol Partners, Intergal-Bud, Gerc, Silver Centre, KPD Consulting, Colliers, Knight Frank, СВRE, DTZ (currently Cushman & Wakefield), JLL, UTG etc were among the first companies paid attention to the union.
In the beginning, the events were held as formal round table sessions with an informal part of networking. However, the Club organized the first forum for participants very soon where the issues of the Kyiv master plan had been raised. Later, the range of participants and themes were only growing: industry financing, problems in particular segments and of course, closed club events in an intimate setting.
Afterwards, the speed grew rapidly. Remember, that all this time the market has lacked the unions similar to URE Club, and the platform is already organizing international conferences, a trip of a Ukrainian delegation to REAL VIENNA exhibition, format of business tours around the real estate markets is successfully implemented (the UAE, Austria, a bit later – Portugal, Singapore, Kazakhstan, Azerbaijan, the USA, Sweden and Denmark).
The Committee on Law was detached into a separate course. Later it played one of the main roles while preparing the Draft Law of Ukraine On Regulation of Town Planning Activity.
A format for the retail market companies appears – Retail Forum Ukraine: a format with some amendments is relevant until now, as well a hotel forum (UREC Hospitality Forum). Club was likely the first back in 2011 that raised the issues of green construction, started holding forums on innovations in real estate, organized unique meetings as CEO Networking Dinners. All these events were developed during following years, the geography of meetings was extended – they were not only held in Kyiv but also in Lviv, Odesa, Dnipro and Kharkiv.
It is impossible to calculate how many new business contacts and partnership agreements the real estate market players initiated based on URE Club. Totally, within 10 years, URE Club has held almost 200 professional business events, among them – 10 business tours, 20 forums and already 3 large-scale award ceremonies for the projects of Eastern Europe and Asia.
EE Real Estate Forum & Project Awards, an award for the real estate companies and projects, may have become the super-project held due to all the years of work and the experience accumulated of the specialized platform.
Having united with the European Publishing House of EuropaProperty.com, in 2015 the association held an unprecedented event for Ukraine – an international forum and ceremony of award among the projects of 6 countries at once: Azerbaijan, Belarus, Georgia, Moldova, Kazakhstan and Ukraine. In 2017 the award was on so high demand that the organizers received almost 200 requests and it was extremely hard for jury members to choose and determine the winners in more than 30 categories!
Under wide-ranging discussion panels of the Forum, the experts from Ukraine, Europe, the USA discuss the matters of investment opportunities for the region, legal aspects and relations with public authorities, tendencies in each segment of the real estate market, as well as the issues of urbanization and development of towns. More than 200 market professionals attend the event, and a following meeting and award ceremony are scheduled on November 22, 2018.
It should be taken into account that all this time the association has only been increasing the total amount of the participants despite the growing competition at the market (the format appeared to be so successful, that clubs for hotel operators and companies of HoReCa, retailers, other unions for developers, some unions for residential real estate developers etc. started to open in Kyiv).
URE Club, as a path breaker, takes new challenges and overcomes them in many aspects. The problems of asset-grabbing, researches on corruption rate in the industry and a unique research devoted to the market trends are among the issues raising by the club participants. The meetings with the authorities, foreign experts in architecture, development and management are organized.
A new task is the organization of a trip of Kyiv official delegation to MIPIM – one of the key international exhibitions – to attract investments into projects.
“Of course, to be the first is always hard, it is a certain challenge. URE Club has been bearing this hefty mission all these 10 years. The association is changing every year in compliance with the requirements of the market and companies. The only thing remains the same: specialization in real estate and search of new solutions and opportunities for professionals, companies at the market and Ukraine”, says Olga Solovey, URE Club Managing Partner and Co-founder.
El Salvador was the first in the world to legalize bitcoin as an official means of payment. Such a law was passed by the country’s parliament. 62 parliamentarians supported the bill, 19 voted against, and three abstained. President Nayib Bukele intends to sign the law soon, after which it will take effect “immediately”. Thus, accepting […]
Pfizer will test its COVID vaccine in children under 12 years of age. Radio Svoboda reported this with reference to the company’s statement. The study will involve up to 4,500 children in the United States, Finland, Poland and Spain. The drug is already approved for use in emergencies for adolescents 12 years and older in […]
It takes at least 10 years to reform Ukrainian industry. President Volodymyr Zelensky stated this during the Ukraine 30 forum. “Modernization of industry, which has not taken place in Ukraine so far, will take place this time. We are talking about modernization of large industry, any, not just TPP. But do not believe those who […]
In the United States over the past 15 years, 25 billionaires have paid a much lower income tax than they should have. ProPublica based on confidential data from the US IRS published the investigation. In particular, among the 25 billionaires are Berkshire Hathaway CEO Warren Buffett, former New York Mayor Michael Bloomberg, Amazon founder Jeff […]
US President Joe Biden on Wednesday, June 9, signed a decree lifting restrictions against Chinese services TikTok and WeChat, imposed by former President Donald Trump. The press service of the White House reports. This is a decree of August 2020 on restrictions against the Chinese companies ByteDance and Tencent, which own the video service TikTok […]
The company, which was boosted by the coronavirus pandemic, continues to grow customers despite declining video conferencing. From February to April, 497 thousand organizations bought the premium version of Zoom, which is almost 30 thousand more than in the period from November to January. Although these data suggest a slowdown in customer growth, as from […]
Richard Branson’s aerospace company Virgin Galactic has announced a contract for a special research flight by Kelly Gerard, a member of the International Space Institute (IIAS). The astronaut will conduct experiments and test new health technologies while in space. The company’s shares in the premarket rose 7.61% to $ 33.5. “Much of our mission is […]
U.S. President Joe Biden on Thursday signed a decree banning Washington from investing in 60 Chinese companies that the White House says are undermining U.S. security. “This executive order allows the United States to ban investments in Chinese companies that undermine the security or democratic values of the United States and our allies,” the document […]
Savvy entrepreneurs use these strategies to ensure every business partnership is a match made in heaven. Great businesses are founded on great partnerships. But great businesses can also be destroyed by bad partnerships. These entrepreneurs—and members of The Oracles—share their hard-won wisdom about what to watch out for before joining forces with a business partner. […]Next
The court satisfied the claim of the state-owned PrivatBank to Agroterminal and decided to collect UAH 1 billion in debt from it as a guarantor of Boryvazh. This is stated in the decision of the Commercial Court of Odessa region. According to court materials, PrivatBank terminated the loan agreement due to the debtor’s breach of […]Next
An emergency situation due to the coronavirus has been declared in Ukraine. Probably a lot of people still do not have a full understanding of what it is and what restrictions have been imposed for the society and business. We asked S&P Investment Risk Management Agency to explain everything in detail. All the details are […]Next
The increase of the minimum wage in Ukraine from UAH 5,000 to UAH 6,500 in 2021 may increase the state budget deficit to more than 6% of gross domestic product. This is stated in the economic review of the World Bank. In addition, the increase in the minimum wage will increase the overall need to […]Next
Ukrainian company SkyUp Airlines opens new foreign routes departing from Kyiv, Lviv and Kharkiv. On Tuesdays and Fridays flights are scheduled from Kiev to Belgrade and Stockholm, on Thursdays and Sundays in Bratislava, on Wednesdays and Sundays in Amman, on Mondays and Thursdays in Colombo, on Wednesdays and Saturdays in Dubai. From Lviv on Wednesdays […]Next
Experts from Bank of America have admitted that the shares of the video service Zoom in the coming year may grow by 47%, writes CNBC. The TV channel quotes an analytical note of the bank. Bank of America has renewed the recommendation to buy Zoom securities. He set a target value for the company’s securities […]Next
The world economy will grow faster this year than expected at the end of last year. The chief economist of the IMF Gita Gopinat announced this on Tuesday, April 6. “We now forecast a stronger recovery of the world economy in 2021 and 2022 compared to our previous forecast in January, with growth to 6% […]Next
Shares of Peloton Interactive, which rose 184% since the beginning of the year, fell 3.6% over the past three trading days, despite two price target increase from experts of investment companies. Last week, JP Morgan raised its target price for Peloton shares from $ 58 to $ 105. On Friday, analysts at JMP Securities raised […]Next
In the north of England, in the shire of Durham closed the last commercial coal mine Bradley Mine, which operated for almost 200 years. It is noted that the open coal sump, which produced 150 thousand tons of coal per year, decided to close after failed plans to expand production areas. Environmentalists have fought against […]Next
Stocks Boeing, which fell by 47.5% since the beginning of the year fell by 1.6% before the opening of trading on Tuesday amid news of a new FAA investigation. The US airline is going through the most difficult period in its history, continuing to expect recertification of the most profitable passenger`s aircraft Boeing 737 Max, […]Next
In the coming years, under the condition of implementation of reform and modernization of the economy, the influx of foreign investment in Ukraine can be increased two-fold to $ 8 billion, and more. This was stated by Deputy Minister of Economic Development Maksym Nefodov during the the discussion about interim plan of priority actions of […]Next
Historic Howard Theatre, which is located in northwest Washington (DC), owed the government more than $ 260,000 over unpaid taxes. Several years ago, the theater had a reconstruction, which cost the sum of $ 29 million. After the reconstruction of the theater, it was opened to the public in 2012. Officials say that the theater […]Next
Special isothermal containers have been developed for the transportation and storage of the new coronavirus vaccine by the pharmaceutical companies Pfizer and BioNTech. This was announced by Pfizer CEO Albert Burla in an interview with The New York Times on Tuesday, November 17. “These containers are equipped with GPS sensors and thermometers inside so that […]Next
Already in the first days of 2017 tariffs on gasoline and diesel fuel have risen slightly. Such data are provided by leading Ukrainian company Consulting Group A-95, which conducts professional study of the market of petroleum products. Prices for gasoline and diesel fuel rose within 1.6%, and liquefied petroleum gas, on the other hand, fell […]Next
German airline Lufthansa made its first flight to Lviv on April 30, after a one-year break. 79 passengers arrived in Lviv, which is almost 100% of the aircraft load. It is reported that in the first month the airline will fly three times a week, and in June the number of flights will increase to […]Next
The Digital Future Investment company became a co-investor in the startup YouAppi round “B”. According to the CEO of the Digital Future, Alexei Vitchenko, this is the first transaction of the Ukrainian investment company in the “B” round level. The deposit amount is not disclosed. American-Israel YouAppi service was founded in 2011. YouAppi technology is […]Next