Lviv Correctional Colony

History

2021: SoftServe bought Lviv penal colony for UAH 377.5 million

In mid-July 2021, SoftServe bought the previously closed Lviv penal colony during an auction. The transaction value amounted to UAH 377.5 million. On the territory of this facility, the Ukrainian IT company plans to build an office complex.

We in SoftServe have been carrying the idea of ​ ​ a large-scale campus for a very long time and finally have a specific territory where we can implement this idea. The space that will appear here will be created not only for our company. First of all, it will be an object for the city and Lviv residents - a creative campus with futuristic architecture, public space and educational content, "said Oleg Denis, co-founder and member of the board of directors of the SoftServe.

SoftServe acquired Lviv penal colony for UAH 377.5 million

According to preliminary plans, the SoftServe campus will include modern offices, corporate university premises, conference rooms and exhibition areas, the Museum of Science and Technology, English-language schools and kindergartens, residential facilities, public space with a green zone.

In the premises and on the territory they plan to carry out renovation, they will be open to everyone, not only for employees. It is assumed that there will be residential premises on campus - SoftServe want to create an environment where there is "a place for work, and living and relaxing."

They plan to begin work on the project in 2022. According to preliminary estimates, its implementation will last 5-6 years. The volume of investments in the project will exceed $100 million.

Lviv penal colony was put up for auction in May 2021. The starting price was 132.6 million rubles.

The Ukrainian authorities announced the beginning of the "Big Privatization of Prisons" in February 2021. In total, it was planned to auction the property of 35 correctional prisons throughout the country, which are under conservation. It was noted that each of these institutions has already ceased its "specialized activities."^[1]

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