--- title: "PROSTRANSTVO built more during the war than in four pre-war years: how the Odesa developer maintained its pace" description: "Odesa development company PROSTRANSTVO has commissioned over 147,000 sq. m of real estate since the start of the full-scale war — approximately one and a half times more than in the four pre-war years." date: 2026-10-19T13:18:45.589Z lang: en url: https://xab.info/en/posts/prostranstvo-odesa-147-thousand-sq-m-during-war tags: [odesa, real-estate, development, war-economy, construction] author: "Darya Fomina" publisher: "XAB.info" --- # PROSTRANSTVO built more during the war than in four pre-war years: how the Odesa developer maintained its pace ![Bright pink and green residential buildings by PROSTRANSTVO developer in Odesa against the sea](https://xab.info/media/2026/10/19/prostranstvo-odesa-147-tys-kv-m-vo-vremya-voyny/prostranstvo-odesa-147-tys-kv-m-vo-vremya-voyny-1.webp) ## Key Points - PROSTRANSTVO has commissioned over 147,000 sq. m since the start of the full-scale war compared to 91,000 sq. m over four pre-war years - Construction was suspended for no more than four months, with active work resuming in the summer of 2022 - The war changed buyer expectations: safety, shelters, and engineering system autonomy came to the forefront - Among the completed projects is the five-star Spatium Hotel with 220 rooms and protected underground premises Odesa-based real estate development company PROSTRANSTVO has commissioned over 147,000 sq. m of real estate since the start of the full-scale war. This was reported to RBC-Ukraine by Oleksandr Sokolovsky, partner and chief financial officer of the company. For comparison, over the four pre-war years, this figure exceeded 91,000 sq. m. Thus, the volumes implemented during the war turned out to be approximately one and a half times higher than the total pre-war result for a comparable period. ### The pause did not last longer than four months According to Sokolovsky, after the start of the full-scale invasion, construction processes at the company were suspended for no more than four months, and active work resumed in the summer of 2022. Since then, the developer has systematically commissioned facilities, increasing the final figure to 147,000 sq. m. The company attributes the stability of its pace to systematic management of finances, resources, and risks, which, according to management, became a key factor for stable operations under wartime conditions. ### Finance and construction as a single system Participating in the formation of financial strategy and management decisions, Sokolovsky notes that under wartime conditions, developers have to constantly adapt plans to changes in the cost of construction materials, logistical constraints, a shortage of workers, and power supply interruptions. "In current conditions, finance cannot be viewed separately from the construction process. Procurement, the work schedule, the availability of resources, and cash inflows must work as a single system. The main task is to maintain project manageability and fulfill obligations to buyers even when initial conditions change," he emphasizes. ### The war has changed buyer expectations In addition to operational challenges, the conflict has reshaped the very demand for real estate. Alongside location, layout, and architecture, safety, the availability of shelters, and the autonomy of engineering systems are gaining increasing importance, according to PROSTRANSTVO's assessment. The company emphasizes that these characteristics should be embedded already at the design stage rather than added post-facto, as they directly affect the perception of the property as safe and resilient in the long term. ### Spatium Hotel: 220 rooms and protected underground levels Among the projects implemented during the full-scale war is Spatium Hotel, a five-star hotel with 220 rooms. During its construction, as the company notes, current safety requirements were taken into account: in particular, protected premises are provided on the underground levels. The developer cites this case as an example of how new safety standards are integrated into the architecture and engineering solutions of a property. ### Integration into the urban environment as part of value PROSTRansTvo also focuses on integrating residential complexes into the urban environment of Odesa: landscaping, public spaces, and commercial infrastructure are viewed as components of long-term real estate value rather than as secondary elements. The company summarizes that development sustainability is determined not only by construction pace, but also by financial discipline, risk adaptation, implementation quality, and responsibility to buyers. ## Fact-Check & Sources - [PROSTRANSTVO ввела в эксплуатацию рекордные площади: как изменились требования к безопасности жилья](https://www.rbc.ua/ukr/news/prostranstvo-vvela-ekspluatatsiyu-rekordni-1792413051.html) - The sole source is an interview with PROSTRANSTVO partner and CFO Oleksandr Sokolovsky for RBC-Ukraine. All quantitative indicators (147,000 sq. m, 91,000 sq. m, 220 rooms, a pause of up to 4 months) are company self-reports and are not confirmed by independent data. ## FAQ ### How much real estate has PROSTRANSTVO commissioned since the start of the full-scale war? Over 147,000 sq. m, which is approximately one and a half times higher than the figure for the four pre-war years (over 91,000 sq. m). ### How long did the company pause construction after the invasion? According to CFO Oleksandr Sokolovsky, no more than four months; active work resumed in the summer of 2022. ### What housing requirements became more important due to the war? Along with location and layout, safety, the availability of shelters, and the autonomy of engineering systems came to the forefront, which the company says are embedded at the design stage.