I’m very likely to invest in a single-project real estate fund in Ukraine which will focus on an office building in Kyiv, the capital city.

“Really?”

To people, “Ukraine” means war with Russia and “Office Building” means death due to remote work.

60%-90% ROI in 2-3 years

People following me for a while know that I have been eyeing Kyiv real estate. It’s one of the world’s highest yielding real estate markets following a monumental crash.

John wants to buy an old flour mill in the center of Kyiv, and turn it into a brand new office building

The operation is pretty simple. Buy a disaffected former flour mill in one of Kyiv’s prime areas, turn it into a state-of-the-art office building, and flip it. The operation should take about 2-3 years.

The projected numbers are very compelling. This is what typically happens when you buy prime real estate in a European capital city of 5 million for barely above $1000 per m2.

It’s a longer video than usual, but I can’t justify investing in such a project without digging deep. In this video I explain my rational for potentially making this investment, how I see the current situation with Russia, what my view of the potential downside is, and some of the risks that are not immediately evident.

John then takes me to the flour mill, where he shows me the project and gives a breakdown of the numbers and answers a number of questions on his plans and strategy.

This is why I travel full-time looking at investments, because time on the ground enables me to understand local context. In many cases, especially in more out-of-the-way destinations, there is a discrepancy between the typical Western narrative and what is actually happening on the ground.

You can watch the video here.

This is absolutely not a solicitation to invest

What I do recommend though, is that you sign up to John’s free newsletter on the Ukrainian real estate market here.

If you have any questions for him, you can reach him per email: jdsuggitt@gmail.com

To a World of Opportunities,

The Wandering Investor

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