Maksim Gromadtsov, Chief Executive Officer, ESTA Holding
"The strategy of ESTA Group is to make portfolio investments in the projects that are unparalleled for Ukraine. We aspire to create the objects that set the new and the highest standards for the Ukrainian real estate market."
ESTA Group is an industrial holding consolidating real estate assets of the SCM Group. ESTA Group's business is focused in five key areas: investing in and development of the premium commercial property, property development, consulting, hospitality business, operation and management of commercial property.
Its major focus is on office and shopping centres, hotels and a land bank for future projects development.
ESTA Holding (former SCM Estate) is responsible for the corporate governance of this business. The company consolidates and develops the existing property assets of SCM Group; acquires and launches new projects; manages the real estate assets portfolio and builds long-term strategic relations with partners.
ESTA Holding provides a full cycle of works at all stages of project development from project assessment through to operation (if necessary, it engages the best international experts and consultants). The focus on quality projects less dependent on speculative demand, development of unmatched landmark facilities and a well-balanced regional strategy ensure stability and strong development of ESTA Group.
The strategic goal of ESTA Group is to build a world-class business aimed at increasing its value and development.
ESTA Holding is Ukraine's biggest private investor in real estate. SCM Group and ESTA Group have invested over $200 million to develop this area since 2000.
ESTA Holding channels investment to key areas, in particular projects in commercial premium real estate including:
- Class A mixed-use centres;
- further development of the hotel network;
- development of service companies to maintain the existing facilities.
ESTA Holding is committed to investing in projects in the largest Ukrainian cities with over 500,000 citizens (Kiev, Donetsk, Dnepropetrovsk, Kharkov, Lvov and Odessa) and popular recreational places. The high-class projects with unrivalled architecture, location, social, economic and historic importance are priorities for investment.
The investment department of ESTA Holding identifies the main criteria for investment and assesses and designs the concept of every project.
Donbass Palace Hotel and MPC Pushkinskiy in Donetsk
Alongside investment activities, development is a core business for ESTA Holding.
The company has a solid record of successful development projects, including Donbass Palace Park Inn by Radisson Hotels in Donetsk, Pushkinskiy business-centre in Donetsk and a classic department store TSUM in Kyiv ЦУМ в Киеве. and Leonardo business centre in Kiev.
The list of ESTA Holding's partners in development includes renowned Ukrainian and international companies, Schwitzke & Partner, Montagna costruzioni, Costas Kondilis & Philipp Jackson, Permasteelisa Group, Benoy, Landor, Altis, and others.
Leonardo business centre, Kiev
In 2008 ESTA Group established ESTA Property Management to manage and operate its existing real estate units. The key objective is to ensure the efficient operation and functioning of the property. The company's managers have a solid expertise in managing commercial property of different classes inside and outside Ukraine.
ESTA Property Management provides full range of services in management of office property owned by ESTA Group and by other clients.
Today the company operates business and shopping centres as well as residential property with the total floor space of over 200 000 square m. ESTA Property Management has multiple times been rewarded the title of the Best Managing Company by the Building magazine, and also - the best property management company of 2016 according to URE Club and Europa Рroperty.
Five star Opera Hotel in Kiev
ESTA Group has been operating in the Ukrainian real estate market since 2004. At present the company owns two five-star hotels that are members of the international association "The Leading Hotels of the World": Donbass Palace in Donetsk (temporarily beyond the control of ESTA Group) and Opera boutique hotel in Kiev.
Donbass Palace is the first Ukrainian hotel, which became a member of the LHW and an award winner in the nominations of Best Hotel in Ukraine and Best Business Hotel in Ukraine in 2005, 2006 and 2007.
In 2010 the Park Inn Hotel by Radisson (temporarily beyond the control of ESTA Group) located in the centre of Donetsk (former Kyiv Hotel) became a part of ESTA Group. Park Inn by Radisson is the first mid-category hotel of the Group operating under management of the international hotel operator The Rezidor Hotel Group and the first hotel of Park Inn by Radisson brand in the city.
ESTA Group provides advisory services related to the creation and operation of hotels.