LEV Development

What LEV Development does

LEV Development is a privately held Ukrainian real estate developer founded in 2015 in Lviv by co-founders Alexander Ostrovsky (Олександр Островський) and Vasyl Levytskyi (Василь Левицький). The company develops conceptual residential real estate across western and central Ukraine, with a portfolio of 14 named projects spanning business-class complexes (VERO, Soul Park, SILENT PARK, HYGGE lux, Central Hills, PERFECT LIFE), comfort-class complexes (HYGGE, ARTHOUSE park, OBRIY 3, LIFE STORY, FEEL HOUSE), and resort/hotel properties (IKON RESORT near Bukovel, LEV Lifestyle Hotel in Lviv). Two pipeline projects (The WIN in Lviv-Vynnyky and MONTE in Yaremche) are in the planning phase.

The business operates an integrated ecosystem beyond raw development: LEV Service handles post-handover property management on a recurring subscription basis, LEV Invest provides investment advisory targeting approximately 20% annual returns through aparthotels and pre-completion resale, LEV Club is a tiered loyalty program (Black/Gold/Platinum with 0.5%/3%/5% discounts), LEV Realty Club recruits external brokers as a partner channel, LEV Commerce leases retail and office spaces within complexes, and a 2025-launched Turnkey Repair Service packages renovation in three design styles. The Bukovel ski resort partnership for IKON Resort is a distinctive feature in the residential pipeline. Technology is conventional — the company has no proprietary AI, software platform, or patented systems, and relies on industry-standard project management, an interactive website with property search/filtering, and a Telegram channel (t.me/levinvest).

The revenue mix is anchored by one-time residential unit sales (the primary stream), supplemented by recurring property management fees, transaction-based commercial leasing and investment brokerage, and project-based renovation services. Go-to-market is sales-led and event-driven: seven company-owned sales offices handle direct consultation, dedicated sales managers support negotiation, and weekly ROAD SHOW tours ferry prospects through Lviv projects via business-class transfer. Pricing is not publicly disclosed but the company offers interest-free installment plans during construction. Reported headcount is only 11 employees, indicating that most construction and on-site execution are outsourced to contractors rather than performed in-house.

Name

LEV Development

Legal name

ТзОВ "Лев Девелопмент"

Website

https://lev-development.com.ua

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

LEV Development is a privately held Ukrainian real estate developer founded in 2015 in Lviv by Alexander Ostrovsky and Vasyl Levytskyi, building business-class and comfort-class residential complexes in Lviv, Kyiv, and resort properties near Bukovel. The company operates an integrated ecosystem spanning development, property management, investment advisory, commercial leasing, and renovation services.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Land Subdivision (2372)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industry

Residential Design-Build & Renovation-Integrated Builders (IMAFABAE)

Keywords

• Residential real estate development
• Apartment construction services
• Property investment advisory
• Commercial property leasing
• Residential property management

Headquarters

HQ city

Lviv

HQ country

Ukraine

HQ region

Europe

Offices7 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Residential Property Sales: Primary revenue stream from selling apartments in newly developed residential complexes across Ukraine
2. Commercial Space Sales and Leasing: LEV Commerce division offers commercial premises for rent and sale, ranging from small units under 40 sqm to large spaces over 195 sqm
3. Property Management Services: LEV Service provides building management including maintenance, security, cleaning, and utilities management to residential complex residents
4. Turnkey Renovation Services: Company offers complete renovation services with design development, construction works, and finishing in Modern Warm, Modern Cold, and Neo Classic styles
5. Investment Services: LEV Invest facilitates property investments, assisting with property selection, pricing strategy, legal support, contract arrangements, and buyer search for investors

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

LEV Development is a Ukrainian real estate developer that conceptualizes, constructs, and sells residential complexes, apartment hotels, and commercial properties primarily in Lviv, Kyiv, and the Bukovel region. The company develops business-class and comfort-class housing projects under named brands (e.g., VERO, Soul Park, SILENT PARK, Central Hills, PERFECT LIFE) and operates an integrated ecosystem of supporting services covering property management, investment advisory, renovation, and loyalty programs.

Product overview

LEV Development is a Ukrainian real estate developer offering a portfolio of residential complexes across Lviv, Kyiv, and surrounding regions, along with investment hotel properties and property management services. The core offering consists of 14 named residential complexes spanning business-class (VERO, Soul Park, Silent Park, HYGGE lux, Central Hills), comfort-class (FEEL HOUSE, PERFECT LIFE, HYGGE, ARTHOUSE park, OBRIY 3, LIFE STORY), and resort properties (IKON RESORT near Bukovel, LEV Lifestyle Hotel). Supporting services include LEV Invest (investment advisory for hotel apartments with ~20% annual returns), LEV Service (property management), LEV Club (loyalty discounts with Black/Gold/Platinum tiers), LEV Realty Club (partner realtor program), LEV Live&Ride (parking discounts), and Turnkey Repair (renovation in three design styles). LEV Commerce provides commercial rental spaces within complexes.

Differentiator

Problem solved

Functional benefit

Brands

• LEV Club: Loyalty program providing discounts on apartments from the developer and bonuses from partners. Includes Black, Gold, and Platinum card tiers with 0.5%, 3%, and 5% discounts respectively.
• LEV Service
• LEV Invest
• LEV Realty
• LEV Live&Ride
• LEV Lifestyle Hotel
• LEV Commerce
• LEV Realty Club

Products and services

• ЖК VERO (Residential Complex VERO)
• ЖК Soul Park (Residential Complex Soul Park)
• ЖК FEEL HOUSE (Residential Complex FEEL HOUSE)
• ЖК PERFECT LIFE (Residential Complex PERFECT LIFE)
• ЖК SILENT PARK (Residential Complex SILENT PARK)
• ЖК HYGGE lux (Residential Complex HYGGE lux)
• ЖК HYGGE (Residential Complex HYGGE)
• ЖК Central Hills (Residential Complex Central Hills)
• ЖК LIFE STORY (Residential Complex LIFE STORY)
• ЖК ARTHOUSE park (Residential Complex ARTHOUSE park)
• ЖК OBRIY 3 (Residential Complex OBRIY 3)
• IKON RESORT
• LEV Lifestyle Hotel (LEV City Hotel)
• LEV Commerce (Commercial Real Estate)
• LEV Invest (Investment Advisory Service)
• LEV Service (Property Management Service)
• Turnkey Repair Service (Ремонт під ключ)
• LEV Club (Loyalty Program)
• LEV Realty Club (Real Estate Partner Program)
• LEV Live&Ride (Parking Loyalty Program)
• ROAD SHOW Short Project Tours

Quantifiable outcome

• Average 20% annual return on real estate investments

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Bukovel (ТК Буковель)coreStrategic or Co-development PartnerPartnership with Bukovel ski resort for development of IKON Resort aparthotel near the ski resort. This provides unique investment opportunities for buyers seeking rental income from tourism.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Regional players

• Avalon Development: Lviv-based residential developer with a focus on business-class complexes in Western Ukraine. Comparable product positioning and customer segment to LEV's business-class portfolio.
• Leopolis Development Company (LDC): Lviv-based residential developer with overlapping target market and similar product type in Western Ukraine. Closely comparable to LEV on geography and class of housing delivered.

Direct peers

• DeVision: Ukrainian developer active in multiple cities building residential complexes with similar marketing and brand-building orientation. Comparable for-sale residential developer at similar regional scale.
• Bud Capital: Lviv-focused developer building residential complexes in Western Ukraine. Comparable to LEV as a regional residential for-sale builder operating in the same Lviv market.
• Saga Development: Major Ukrainian residential developer with projects in Kyiv and several regional cities. Comparable as a full-cycle for-sale residential developer with marketing-led GTM and conceptual architecture.
• KAN Development: One of Ukraine's largest residential developers with active projects in Kyiv and Western Ukraine. Directly comparable to LEV as a multi-city Ukrainian homebuilder with a strong brand and similar for-sale residential business model.
• Taryan Group: Lviv-based residential and commercial developer operating a comparable conceptual-project portfolio with strong Western Ukraine brand recognition. Closest geographic and product-market peer to LEV Development.

Emerging players

• Rybalko & Partners: Ukrainian developer of modern residential complexes in Kyiv. Comparable as a newer-generation, design-forward developer targeting similar business-class buyer segments.

Broad incumbents

• Ukrbud: One of Ukraine's largest and most established residential developers with nationwide footprint. Comparable as a broader incumbent in the same Ukrainian for-sale residential category.

Others

• Bukovel (ТК Буковель): Strategic partner rather than direct competitor; the Bukovel ski resort is LEV's co-development partner for IKON Resort. Relevant as the tourism ecosystem anchor that drives LEV's aparthotel investment thesis.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lev-development

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LEV Development