Investment offer · April 2026

Premium cottages
near Kyiv.

A portfolio of three plots in Plyuty, Kozyn and Lisnyky. 12 Class A houses. Investor return of ~25% over a 12-month cycle.

View the offer
3
Locations
12
Houses
$7.58M
Investment
+$1.90M
Investor return
Scroll
Executive Summary

An investment in a scarce
country asset.

The market for quality country homes near Kyiv is in a phase of strong growth. The investor commits 100% of the capital and captures the entire spread between cost and sale price.

3
Locations
12
Houses
$7.58M
Investment
+$1.90M
Return
Market opportunity

Price per m² of country housing —
only up since 2024.

A shortage of quality properties, buyers returning from Europe and rising material costs point to a forecast of +20% at minimum in the 2026–2028 segment. We are entering an upward cycle.

$2.0K
$2.6K
$1.7K
$2.2K
$2.75K
$3.5K
$3.9K
$4.5K
$4.9K
2020202120222023 20242025202620272028

Average $/m² for new builds in Plyuty, Kozyn and Lisnyky. Gold bars indicate the forecast period.

Product concept

A country home
with no compromises.

The target audience is young families with 1–3 children. Class A houses of 210–313 m² with full off-grid autonomy and premium finishes.

A single architectural standard across all three locations: monolithic frame construction, warm aluminium windows, a façade of natural stone and thermo-treated wood. 30 kW solar panels, heat recovery, underfloor heating.

House specification
3 locations · 1 standard

Plyuty. Kozyn. Lisnyky.

All three plots are near Kyiv, with gas, 20 kW of electricity and a paved access road. Diversifying the price segment lowers portfolio risk.

30
km · 29 min to Kyiv
Plyuty
Access to the Kozynka River canal, Stara Obukhivska road.
  • Area1 ha
  • Houses6
  • Investment$3.86M
  • Profit$966K
25
km · 24 min to Kyiv
Kozyn
Pine forest, Stara Obukhivska road. Premium segment.
  • Area40 ares
  • Houses1
  • Investment$1.40M
  • Profit$351K
15
km · 16 min to Kyiv
Lisnyky
Nova Obukhivska road. Closest to the city.
  • Area53 ares
  • Houses5
  • Investment$2.32M
  • Profit$580K
Portfolio

A consolidated model
across three plots.

LocationAreaHouses InvestmentSale price ProfitMargin
Plyuty1 ha6$3 864 000$4 830 000$966 00025.0%
Kozyn40 ares1$1 404 000$1 755 000$351 00025.0%
Lisnyky53 ares5$2 320 000$2 900 000$580 00025.0%
Total12$7 588 000$9 485 000$1 897 000≈25%

Base-case model — sale without renovation at a 25% markup. The "with renovation" scenario adds a further $400–500K to the portfolio.

Plot 1

Plyuty.

One hectare beside the Kozynka River canal. 6 houses on 15-are lots + waterfront access. 20 minutes to Kyiv.

$3.86M
Investment
$966K
Profit
Strengths
  • Canal access, water views
  • Easy access, paved road
  • Gas and 20 kW per plot
  • Scale — 6 units
Risks
  • Possible flooding
  • → geology + drainage
Plot 2

Kozyn.

Pine forest, 10 minutes to Kyiv. A premium configuration: one house of 261–313 m² on a 40-are plot.

$1.40M
Investment
$351K
Profit
Strengths
  • Premium location, pine forest
  • Closest to Kyiv (25 km)
  • Full engineering package
  • Highest price/m² in the portfolio
Notes
  • High land cost
  • $21K per are
Plot 3

Lisnyky.

53 ares, 10 minutes to Kyiv via the Nova Obukhivska road. 5 houses of 210 m² — a mass-market segment with the fastest turnover.

$2.32M
Investment
$580K
Profit
Strengths
  • 15 km to Kyiv
  • High liquidity
  • Phased sale of 5 houses
  • Lower land cost
Notes
  • Cadastre: boundary clarification
  • Legal DD before purchase
Class A house standard

Four blocks —
one product.

A single specification across all three locations. Off-grid autonomy, energy efficiency, premium materials.

01

Structure

  • Reinforced concrete foundation
  • Monolithic frame shell
  • Ceramic-block & brick walls
  • Basalt mineral wool
  • Flat PVC membrane roof
  • Warm aluminium windows
  • Stone, thermo-treated wood
02

Engineering

  • Well, septic, gas
  • 20 kW of electricity
  • 30 kW solar panels
  • 30 kW inverter + 15 kW battery
  • Heat-recovery ventilation
  • Gas + electric boilers
  • Underfloor heating
03

Landscaping

  • Lawn, plants, trees
  • Automatic irrigation
  • Paving: concrete, ceramic
  • BBQ area
  • Exterior lighting
  • Carport for 2 cars
04

Finishes

  • Ceiling 3.30 / 4.30 m
  • Decorative plaster
  • Natural stone
  • Wood paneling
  • Parquet, marble, porcelain stoneware
  • Smart home
  • Fireplace
Financial model

How the
$7.58M is allocated.

The portfolio cost structure (without renovation). The bulk goes to the building shell and utilities.

Land + connections$2.28M · 30%
Construction$3.18M · 42%
Engineering$1.37M · 18%
Landscaping$0.53M · 7%
Reserve$0.23M · 3%
$7.58M
Investment
$9.49M
Sale price
$1.90M
Investor profit
Roadmap

12–14 months
from deal to sale.

0 — 3
Preparation
Due diligence, land purchase, design, geology
3 — 6
Groundworks
Permits, utilities, foundations, access roads
6 — 10
Construction
Shell, façade, roofing, engineering, rough works
10 — 14
Sale
Landscaping, pre-sale prep, phased sell-out
Deal structure

The investor takes
the entire spread.

A simple model. The investor commits 100% of the capital and recovers both the contribution and the full profit from the sale. The team earns a fixed fee on each house.

Investor profit per cycle
~25%
$1.90M on a $7.58M investment
Investor contribution
$7.58M
Capital returned
$7.58M
Profit on top
$1.90M

Tranches

Capital is drawn in 3 tranches by stage: land → construction → final finishing. Confirmed by completion certificates.

Transparency

Monthly reporting, site access, online tracking of budget and schedule. An auditor of the investor's choice.

Guarantees

Land held by an SPV, with a security interest in the investor's favour. Construction All Risks (CAR) insurance.

Context

Compared
with alternatives.

Annual returns on dollar assets for a private investor, 2026.

Foreign-currency deposit (USD)
2.5%
Dollar government bonds
4.5%
Apartment rental in Kyiv
6–8%
S&P 500 (historically)
9–10%
Ecolux portfolio
~25%

Ecolux — return over a 12–14 month cycle, IRR ≈ 13–16% per year.

Risks and mitigation

An honest look at
what could go wrong.

Flooding (Plyuty)

The plot is next to a canal, with a risk of seasonal water-level swings.

Geology survey before purchase, drainage system, raised foundation level.

Hryvnia exchange-rate swings

Part of the costs are in hryvnia, sales are in dollars.

All contracts pegged to the dollar, materials bought in forward batches.

Sales delay

The market may soften for 3–6 months due to external factors.

Fallback rental of $6K/month per house. A 6-month liquidity buffer.

Rising material costs

Forecast of +15–20% on key items in 2026–2028.

Forward contracts at the outset. A 3% reserve in the budget.

Cadastre / documents

In Lisnyky there is a boundary discrepancy with the cadastre.

Legal DD before purchase; buy only after the boundaries are corrected.

Contractor shortage

A shortage of skilled tradespeople is forecast in 2027.

Long-term contracts with the general contractor before construction starts.
Next steps

From first meeting to deal —
30 days.

01

Weeks 1–2

Due diligence: legal, financial, technical. Open access to all documents and models.

02

Week 3

Signing the term sheet. Locking in commercial terms, the SPV structure and the tranche schedule.

03

Week 4

Closing: legal structure, first tranche, purchase of the first plot (Plyuty).