Cascade Investment Fund invests in two unfinished shopping and entertainment centers in Kyiv

The investment fund of Vitaliy Khomutynnik Cascade Investment has become an investor in two unfinished shopping and entertainment centers in Kyiv - Respublika and Vyrlitsa, writes NV Business.

This information was confirmed by the head of the supervisory board of Cascade Investment Fund Anatoly Shakhnovsky.

The total area of the Vyrlitsa shopping and entertainment center will be 200,000 square meters. According to Shakhnovsky, the design of the future shopping and entertainment center is planned to be completed by the end of the year. The new investor will have to reissue some permits, strengthen and clean the shoreline of the lake.

Cascade Investment Fund is also interested in unfinished project of shopping and entertainment center Respublika. Its area is about 300,000 sq m. The opening is planned in 2021. «The shopping and entertainment center Respublika is also an interesting project for us and we are considering it for investments. Our development division in fund - company IDC Cascade - is responsible for it», - Shakhnovsky told the magazine.

NV Business