MICHANIKI has been active in Ukraine since 1995, establishing by this way its subsidiary, MICHANIKI UKRAINE. Since then MICHANIKI reaps significant economic and strategic benefits for its Group of companies in the context of the constant flow of resources and the development of real estate properties in one of the fastest growing markets of Eastern Europe.
In 2004 the company launched a sales campaign but retained the management of the building of 9954 sq.m. The building is located in the Square of the Greeks in Odessa. MICHANIKI has sold 100% of the building apartments and shops till present.
The project in question is an Ultra-Modern commercial Centre built by MICHANIKI in Odessa and is officially opened to the public since September 2004. It is one of the most impressive building is Ukraine today, occupying an area of 30,000 sq.m
The company completed the construction of 2 buildings in Mariopolis, Ukraine. The first of these buildings comprise offices with a total floor area of 2,756 sq.m has already been sold. The second building with an area of 1,137 sq.m operates as a cultural centre and is a kind benefaction to the Greeks Association living in Mariopolis.
In summer 2008, Michaniki Ukraine received the final permit for the construction of the residential and recreational park "Odessa's Dream". The complex is going to be developed on the coastline of the Black Sea in Odessa, Ukraine in a land plot of 200,000 sq.m., designated for the development of residential units in a natural beauty area.