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KPD Consulting Advises on Heritage Protection Agreement for Building in Kyiv

KPD Consulting Advises on Heritage Protection Agreement for Building in Kyiv


KPD Consulting Law Firm has supported Euroventures-Austria-CA-Management Gesellschaft m.b.H. -- the real estate subsidiary of Bank Austria Group -- in the execution of the Heritage Protection Agreement with respect to a historical office building from the early 20th century located in the heart of Kyiv.

The firm explained that the building owned by Euroventures-Austria-CA-Management Gesellschaft was constructed in 1911 and "falls into the category of so-called architectural monuments protected by the state as it represents the art-nouveau style in architecture." By law, owners of such protected buildings must execute a "special agreement with Public Heritage Protection Authority in order to take obligations of keeping the building in good repair and of safe-keeping its initial appearance (facades) and even interiors." The firm explained that before the preparation of the draft protection agreement between the authority and the owner there should be a special inspection of the asset identifying what parts of the building are to be restored in order to protect and maintain it properly.

KPD guided the landlord of the building in this special inspection, starting from the collection of all documents evidencing the exceptional historical status of the building and filing the application with the Public Heritage Protection Authority, through the inspection, and concluding with the drafting, negotiation, and execution of the Heritage Protection Agreement between the owner of the building and the Public Heritage Protection Authority.

"It was our true pleasure to handle this case related to the ‘pearl’ of Kiev architectural modern called also art nouveau," commented KPD Partner Vladyslav Kysil, the Head of Real Estate and Construction at the firm. "Thanks to the Client this music in stone will sound for many years and will cause everyone walking down the street near Golden Gates -- the Kiev Central Business District -- to rejoice." 

The KPD team on the matter was led by Kysil, assisted by Associate Mykhailo Semka.  

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