Jones East 8 is a multidisciplinary real estate partnership wholly owned by British citizens. It registered itself in Kyiv as a representative office in 1993 and:
  • developed Ukraine's first wholly western owned office building and sold the same to Raiffeisen Bank
  • designed Ukraine's first wholly western owned supermarket, Billa
  • supervised the design and construction of Ukraine's first wholly western
    owned hotel, Radisson

East 8 Cyprus Ltd has the same owners and wholly owns the Ukrainian company "D'Estate", which has broad design, construction and management licenses for operating in Ukraine

The group is led by a chartered British architect. Its broad range of experience in agency, building, consultancy and design, means East 8 is perhaps uniquely qualified to advise western clients on Ukrainian real estate.

Kyiv experience

East 8 have advised the following clients on procurement or leasing property in Kyiv: British Embassy, Swiss Embassy, German Embassy, Japanese Embassy, Italian Embassy, Danish Embassy, European Bank of Reconstruction and Development, Coca Cola, Pepsi Cola, PriceWaterhouseCoopers, KPMG Peat Marwick, Arthur Andersen, Deloitte & Touche, Ernst & Young, Cargill, Group Schneider, AT&T, British Telecom, PTT Dutch Telecom, Utel, UMC, BP, NATO, Nestle, Procter & Gamble, BASF, DuPont, CSFB, Electricite de France, ING Bank, Raiffeisen Bank, Johnson & Johnson, Philip Morris, Maesk, Oracle, Otis, Societe Generale, SmithKline Beecham

East 8's advisory jobs in Ukraine include:
  • Construction supervision and coordination of the 280 rooms Radisson hotel in the centre of Kiev on site since August 2002 with projected completion December 2005
  • European Bank for Reconstruction and Development: appraisal and valuation of 15,000 m2 real estate assets of Yunost
    John Deere: valuation of 2,000 m2 real estate assets
  • Raiffeisen Bank: design RBU's 7,000 m2 HQ
  • BBC: valuation of prospective office purchases
  • ING Bank: trouble shooters on a 2.5 million USD fit out project
  • Boehringer Ingelheim HQ: project managers and advisers on design, title and permissions for a 6,000 square metre office development in Podol.
  • QBE valuation of prospective office purchases.
  • Creditanstalt (now HVB): business plan for major overhaul of the Kyiv Hotel
  • UMC HQ: Project managers for 8,000 m2 office development
  • Lloyds underwriters: loss adjusters
  • TACIS (under the team leadership of Dutch consultancy Boucentrum): advice on local practices and supervision of energy saving in the Podol housing sector
  • US AID: valuation of a 30,000 square metre shop in Odessa for the purposes of privatization on behalf of US AID. Coopers & Lybrands: valuation of a factory in Ternopil and shop in Odessa
  • European Bank for Reconstruction and Development market study for a residential and office development in Kyiv. Private Swiss investors: advisers on title and permissions for the successful purchase of the Volodymyrska 12 site (now Millenium Office Center) which envisaged a 10,000 square metre office development
  • American Jewish Joint Distribution Committee: appraisal and valuation of the following buildings: 5,000 m2 in Kharkov, 6,000 m2 in Minsk, 3,500 m2 in Odessa and 3,500 m2 in Kishineu
  • Lease advice for international lawyers Baker & McKenzie
  • Lease advice for international lawyers Altheimer & Gray
  • European Bank for Reconstruction and Development: advice on lease terms measurement practice in Kyiv

East 8's design work in Ukraine/Belarus/Moldova:

  • American Jewish Joint Distribution Committee: three community centres each of 3,500 m2 in Odessa and Moldova.
  • Billa: supermarket of 4,300 m2 named Kyiv commercial project of the year 1999. This was the first wholly western owned green field supermarket in Ukraine.
  • Rogofield Property Limited: Vorovskogo 40 Phase I new build & fit out for RBU 1,600 m2
  • Raiffeisen Property Invest: Vorovskogo 40 Phase II office of 7,500 m2
  • East 8's own development: Vorovskogo 42 office of 2,200 m2 British Embassy club house
  • Golden Gate Hotel: competition winners
  • Miscellaneous small designs as part of design and build contracts including apartments, offices and studios

East 8's project management/construction jobs in central Kyiv:

  • UMC HQ: reconstruction of existing listed building 8,000 m2
  • Raiffeisen Property Invest: new office building with steel structure behind a historic facade. Total area 1,600 m2. The project also included the fit out of banking facilities including vaults, cash desks and an EDP room. This was the first wholly western owned bank building in Ukraine.
  • Boehringer Ingelheim: new office 1,800 m2 precast concrete structure
  • Radisson: 280 bedrooms hotel in Kyiv, the first wholly western owned hotel in Kyiv.
  • British Embassy: refurbishment of offices for the British Council
  • Societe Generale: conversion of offices into apartment
  • Sucden Kerry: extension of office
  • International Monetary Fund: conversion of apartment to office
  • British Broadcasting Corporation: installation of studding refurbishment of office
  • Baker & McKenzie: fit out of 550 m2 office
  • Private clients: numerous apartments and small offices

East European background

East 8's created the Real Estate Development in Eastern Europe Report (the 'REDEE report') covering: Czech and Slovak Republics, Hungary, Poland and Russia, Romania and Bulgaria. The REDEE report analysed the market for hotels, offices, housing, industrial real estate, retail and infrastructure in the principal cities. The report also considered: development control, company law, real estate law, finance, privatisation, valuation, construction industry, developers perspective, consultants perspective and funding. The report has been referred as our 'real estate bible' by the European Bank for Reconstruction and Development and as the 'definitive guide' by the Financial Times.

East European consultancy work includes:

  • Abela Corporation: preparation of an information memorandum for equity and debt investors for a 300 room hotel in central Kyiv. The memorandum was prepared in compliance with the European Bank for Reconstruction and Development's requirements and incorporated a market study and business plan.
  • European Bank for Reconstruction and Development: experts on the USD 120 million NBP Banking Centre in Warsaw, Poland. The assistance included corporate, financial, specification and insurance advice.
  • Tracy Equities (on the recommendation of the European Bank for Reconstruction and Development): preparation of a market study for a 15,000 square metre combined office and residential development in central Kyiv.
  • Dumas West & C(on the recommendation of the European Bank for Reconstruction and Development): East 8 carried out a market study on Warsaw Housing.
  • German, Norwegian and Polish Governments: advice on the development of new housing policy for Poland. The advice involved pilot projects in Polish cities and culminated in a 'green paper' which formed the basis for debates in the Polish Parliament and new Polish law.
  • Comc(Swiss trading company): preparation of business plan and negotiations on behalf of the client leading the sale of the Samorodinka housing project 'off plan' in Moscow for 1.25 million USD.

Experience of the principal:

Philip Hudson, RIBA is a chartered architect. He received a scholarship attend and qualified at the Architectural Association, London.

While working in Kyiv he has led the following design exercises:

  • Vorovskogo 40 Phase I bank: Kyiv 1,600 m2
  • Vorovskogo 40 Phase II office: Kyiv 6,500 m2
  • Vorovskogo 42 office: Kyiv 2,200 m2
  • Billa supermarket: Kyiv 4,200 m2
  • UMC HQ: office Kyiv 8,500 m2
  • Community centres Odessa 3,500 m2
  • Kishineu: 3,500 m2
  • British Embassy club house Kyiv 200m2

While working for major UK architects Covell Matthews and Wheatley he led design and project teams success in several design and development competitions involving the utilisation of local authority and nationalised industry land. The projects included:

  • winning the GBP 500 million Bishops Gate Goodsyard urban renewal project in London. The project involved local community participation during the commercial tender process
  • winning the GBP 100 million BP HQ project in Paris
  • second place in the GBP 80 million Morrison Street project in Edinburgh

He has personally run major projects on site, including Coopers and Lybrands 10 million USD offices in the City of London with responsibility for over fifty consultants, contractors and sub-contractors. He also ran the 5 million USD IBM production, warehouse and office facility in Havant, England, with a sketch design completion period of ten months. He participated in the Jacksons Lane Community Centre project in Highgate, London which involved incorporation of a sports hall half way up the height of a nineteenth century gothic nave and the provision of a simple performance space.

His design projects have been published in:
  • Sunday Times
  • Financial Times
  • Daily Telegraph
  • Scotland on Sunday
  • The Scotsman
  • Building Design
  • Architects Journal

He has been exclusively involved in eastern Europe since 1989 and was the principal author of the 'REDEE report'. He has presented numerous papers at seminars and conferences including:
  • 'Eastern Europe - The political and economic background' at the Royal Institute of British Architects in London.
  • 'Eastern Europe - The commercial environment' at the Royal Institution of Chartered Surveyors conference in London.
    'The Use of Planning Competition Procedures by Local Authorities Promote Urban Regeneration' at the INTA conference in Warsaw and Krakow.
  • 'Real Estate Development in Eastern Europe' at Henry Stewart's conference: European Property - a briefing for property researchers' in London.
  • 'Land Management in Local Authorities in Eastern Europe' at the ADEF conference: Land Tenure and the Urban Development Process in Eastern Europe in Paris.
  • 'Urban Renewal in eastern Europe' at the Adam Smith Institute conference in.

In addition he has written on east European real estate for numerous publications including the following:
  • Financial Times (Privatisation)
  • Business Eastern Europe (Housing)
  • Euromoney (Finance)
  • Estates Gazette (Sector Analysis)
  • Estates Times (Emerging Market)
  • Building Design (Emerging Market)
  • Architects Journal (The Position of the Profession)
  • Building (Western Contractors)
  • Europroperty (Russian Real Estate)
  • America's National Real Estate Investor (Sector Analysis)
  • Housing Finance in Turbulence (chapter on urban renewal)
  • Urban Renewal (chapter on eastern Europe)
  • Land Tenure and Property Development in eastern Europe (chapter on urban renewal)
  • CBI European Business Handbook (chapter on east European Real Estate)