Adi Keizman of ADO Group enters Ukrainian real estate market.

Adi Keizman, who holds the controlling interest of the ADO Group, is expanding his international activities by entering the Ukrainian real-estate market.

The group has purchased, for $28 million, Ukrainian companies that hold leasing contracts for several complexes with a total area of over 400 acres. On that land, 16,000 housing units are to be built.

"I have faith in the Ukrainian real-estate market and plan to expand the group's portfolio in the country," Keizman said.

"I hope to duplicate the group's success in Germany," he explained. The German portfolio includes residential buildings in Berlin and buildings designated for preservation such as the Postfuhramt, the old post office building, in Berlin and Yenidze, a former cigarette factory building in Dresden, which he planes to turn into a luxury hotel.

The source: Yedioth Internet