City One Development
City One Development is a privately held Ukrainian real estate developer headquartered in Kyiv that constructs and sells premium, business, business-plus, and comfort-class residential complexes across multiple phases, and is expanding into industrial float glass manufacturing through two industrial parks in partnership with South Korea's ITOXI Corp.
- Company typePrivate
- Founded2010
- HeadquartersKyiv, Ukraine
- Headcount51–100
- GTM typeB2C
- OfferingServices
What City One Development does
City One Development is a privately held Ukrainian investment and development company headquartered in Kyiv, founded in 2010 and operating with 51-100 employees. The company constructs and sells residential real estate across multiple market segments in Kyiv through four core complexes: Novopecherski Lypky (business-class multi-phase quarter), Boulevard of Fountains (premium-class featuring a 150-meter cascade of fountains and the proprietary 'City Resort' concept), Svyatobor Park Resort (comfort-class with car-free courtyards under the 'Park Resort' concept), and the recently launched The Light (business-plus class). To date, the company has built 1,240,000 m² of residential space housing approximately 10,000 residents, with an additional 500,000 m² under active construction.
The company's revenue model is primarily one-time residential unit sales conducted through four dedicated on-site sales offices in Kyiv, supplemented by commercial space sales within residential complexes and installment payment programs. Distribution is exclusively direct-to-consumer via physical sales offices; the company does not use intermediaries or third-party marketplaces. Beyond residential, City One Development is executing a strategic pivot into industrial real estate and manufacturing through two glass industrial parks: 'City of Glass' in Berezan (first float glass plant with 600 tons/day capacity and USD 140 million total project value, targeted 2027 commissioning) and 'Galicia' in Kalush (second plant launched late 2024, targeted 2028 commissioning). In April 2025, South Korean investment corporation ITOXI Corp. joined as a portfolio investor in the glass manufacturing vertical under a strategic partnership memorandum.
The company differentiates through proprietary urban development concepts (City Resort, Park Resort), advanced engineering solutions including the AMPHIBIA 3000 GRIP 1.3 EPDM waterproofing membrane for foundation construction, and over 20 years of team experience in the Ukrainian market. In 2025, City One Development was ranked 4th among Kyiv residential developers by the Minfin portal based on commissioned volume, and it secured first-stage selection in the Ukraine Investment Framework (Ukraine Facility) program, opening institutional financing channels for its industrial expansion. The company operates under President Valeriy Kodetskyi (formerly of UDP Group) and Head of Investment Projects Development in Industry Oleksandr Lakei.
City One Development firmographics
Firmographics- Name
- City One Development
- Legal name
- City One Development
- Website
- https://city1development.com.ua
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- City One Development is a privately held Ukrainian real estate developer headquartered in Kyiv that constructs and sells premium, business, business-plus, and comfort-class residential complexes across multiple phases, and is expanding into industrial float glass manufacturing through two industrial parks in partnership with South Korea's ITOXI Corp.
- Ownership category
- akta.pro rank
City One Development industry classification
Industry- Product category
- Residential Real Estate Development
- NAICS
- New Housing For-Sale Builders (236117), Residential Building Construction (23611), New Multifamily Housing Construction (except For-Sale Builders) (236116), Industrial Building Construction (23621)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), Flat Glass (3211)
- akta.pro primary industry
- Housing Development, Construction & Rehabilitation Programs (BPAIANAB)
- akta.pro secondary industries
- Retail & Mixed-Use Commercial Construction (IMAFACAB), Sustainable Cities, Urban Development & Green Infrastructure (BPADALAL)
Keywords
Where City One Development is headquartered
LocationHeadquarters
- HQ city
- Kyiv
- HQ country
- Ukraine
- HQ region
- Europe
Offices7 records
Markets served
City One Development business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Residential Property Sales: Primary revenue from sale of residential apartments and commercial spaces in developed properties. Company builds and sells apartments across multiple residential complexes including premium, business, and comfort-class segments.
- Industrial Manufacturing (Float Glass Production): Development of float glass manufacturing within industrial parks 'City of Glass' and 'Galicia'. First plant in Berezan designed for 600 tons of glass per day with total project value of USD 140 million.
- Commercial Space Sales: Sale of commercial premises within residential complexes (retail and office spaces on ground floors and in separate buildings).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Multi-year contract | Premium class - Boulevard of Fountains |
| One time/ perpetual license | Multi-year contract | Business class - Novopecherski Lypky |
| One time/ perpetual license | Multi-year contract | Comfort class - Svyatobor Park Resort |
| One time/ perpetual license | Multi-year contract | Business-plus class - The Light |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels7 records
City One Development product offering
Product offeringCore offering
City One Development is a Kyiv-based investment and development company that constructs and sells residential apartment complexes across premium, business, business-plus, and comfort classes, alongside commercial premises within those developments. The company also develops industrial parks (City of Glass in Berezan and Galicia in Kalush) hosting float glass manufacturing facilities, with a combined development pipeline exceeding 1.24 million square meters already built and 500,000 square meters under construction.
Product overview
City One Development operates as an investment and development company offering a portfolio of residential real estate products across multiple market segments in Kyiv, Ukraine. The product portfolio includes: business-class residential quarter Novopecherski Lypky with multiple phases; premium-class Boulevard of Fountains featuring the City Resort concept; comfort-class Sviatobor Park Resort; and business-plus class The Light. Additionally, the company is developing industrial parks (City of Glass and Galicia) for glass manufacturing. The offerings span from affordable comfort-class to premium residential complexes, with ongoing construction of approximately 500,000 m² and over 1.24 million m² already built.
Differentiator
Problem solved
Functional benefit
Products and services
- Novopecherski Lypky (Новопечерські Липки) Business-class residential quarter in Kyiv featuring multiple building phases (7 and 8) with residential buildings, underground parking, and commercial spaces. Phase 7 totals 91,830.6 sq m with 4 residential buildings and 475 apartments, of which 55,423.9 sq m were commissioned in 2025.
- Boulevard of Fountains (Бульвар Фонтанів)
Quantifiable outcome
- Ranked 4th among Kyiv residential developers in 2025 Minfin rating
- +3 more outcomes
Companies that use City One Development
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
City One Development technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
City One Development partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered supporting and core.
- Industrial Gas SuppliersupportingNew participant joined the 'City of Glass' industrial park as industrial gas supplier supporting glass manufacturing operations.
- Energy-Efficient Coated Glass ManufacturersupportingNew participant joined the 'City of Glass' industrial park as manufacturer of energy-efficient coated glass products.
- Ukrainian Congress Committee of AmericasupportingPartnership with Ukrainian Congress Committee of America for delivery of 2,000 American generators to Ukraine for military use. Company handled transportation, retrofitting to local electrical grid specifications, and delivery to AFU units based on military requests.
- UNITA Charitable FoundationcoreLong-standing partnership with UNITA charitable foundation founded by Valeriy Kodetskyi. For 4 consecutive years, companies jointly provide systematic assistance to Armed Forces of Ukraine and affected communities. Collaboration includes procurement and delivery of vehicles (54 off-road vehicles), generators (333+ units), medical equipment, humanitarian aid, and support for border guard units. Partnership also extends to Kherson region relief efforts including 80+ tons of humanitarian aid, 8 ambulances, and generator supplies following Kakhovka dam destruction.
Scale indicators14 records
Recent moves7 records
Expansion highlights6 records
City One Development competitors and assessment
Company assessmentDirect peers
- DIM Group: Major Ukrainian residential developer active in Kyiv, building and selling multi-phase apartment complexes across business and comfort segments — closely comparable to City One's product mix.
- Edelburg Development: Kyiv-based residential developer focused on business-class apartment complexes, directly comparable to City One's Novopecherski Lypky and The Light positioning.
- Intergal-Bud: Largest Ukrainian residential developer by commissioned volume; competes head-to-head with City One in the Kyiv apartment market across comfort and business classes.
- KAN Development: One of the largest Kyiv-based residential developers, directly competing with City One Development across business- and premium-class apartment projects in the Ukrainian capital.
- Taryan Group: Kyiv-focused developer of premium and business-class residential complexes with similar integrated urban development concepts and direct project overlap in central Kyiv.
- Perfect Group: Kyiv-based developer of business- and comfort-class residential complexes; comparable project scale, multiple-phase approach, and sales-office-led distribution.
- GEOS Development: Kyiv developer with multi-phase residential projects targeting business-class buyers; comparable GTM through dedicated sales offices and installment programs.
- Saga Development: Ukrainian developer operating residential projects in Kyiv and other major cities; comparable scale and target buyer segments (business and comfort class).
Emerging players
- Şişecam: Major global float glass manufacturer and emerging player in Ukrainian glass production; relevant peer for City One's expanding glass manufacturing vertical at City of Glass and Galicia industrial parks.
Broad incumbents
- UDP (Ukrainian Development Partners): Diversified Ukrainian real estate and infrastructure developer; City One's president Valeriy Kodetskyi previously led UDP, making it a closely related peer in the Kyiv development ecosystem.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
City One Development social profiles
Digital presenceCity One Development financial estimates
Financial estimateRevenue estimate
Valuation estimate
City One Development leadership team
Management profileNumber of profiles
Profiles2 records
City One Development subsidiaries and ownership
Company hierarchySubsidiaries2 records
City One Development funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
City One Development M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about City One Development
What does City One Development do?
City One Development is a Kyiv-based investment and development company that constructs and sells residential apartment complexes across premium, business, business-plus, and comfort classes, alongside commercial premises within those developments. The company also develops industrial parks (City of Glass in Berezan and Galicia in Kalush) hosting float glass manufacturing facilities, with a combined development pipeline exceeding 1.24 million square meters already built and 500,000 square meters under construction.
Is City One Development a public or private company?
City One Development is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was City One Development founded?
City One Development was founded in 2010. It employs 51 to 100 people.
Where is City One Development based?
City One Development is headquartered in Kyiv, Ukraine, in the Europe region.
How does City One Development make money?
Three revenue lines are on record. Residential Property Sales are the primary driver. The others are industrial Manufacturing (Float Glass Production) and commercial Space Sales.
Who are City One Development's main competitors?
Direct peers on record are DIM Group, Edelburg Development, Intergal-Bud, KAN Development, Taryan Group, Perfect Group, GEOS Development and Saga Development. Şişecam is listed as an emerging player. UDP (Ukrainian Development Partners) is listed as a broad incumbent.
Does City One Development have an API?
No public API is recorded for City One Development.
What industry is City One Development in?
City One Development's product category is Residential Real Estate Development. Its primary akta.pro industry code is BPAIANAB, Housing Development, Construction & Rehabilitation Programs, with a secondary code of IMAFACAB, Retail & Mixed-Use Commercial Construction. Its NAICS code is 236117 and its SIC code is 6552.