IT Park in Lviv

IT Park in Lviv

Project: Market research and commercial concept development

Client: Lviv IT Cluster

Location: Lviv, Ukraine

Land Area: 10 hectares


Services provided by Cushman & Wakefield (formerly operating as DTZ in Ukraine):

DTZ formulated a detailed commercial concept of the office-led Innovation District IT Park in Lviv with recommendations regarding the optimal location, future project implementation strategy, as well as financial analysis of the project.

For the purposes of development of the optimal and most realistic concept of the project ‘IT Park’, DTZ interviewed top managers and owners of  35 IT firms, which at the date of analysis employed between 37% and 41% of IT specialists in Lviv and occupied ca. 85,000 sq m of offices in the city (out of total office stock estimated at around 120,000 sq m GLA as of June 2016).

DTZ also undertook analysis of the comparable successful business parks in Western and Central Europe, as well as selected the most suitable site for the IT Park development in Lviv.