The entourage of former co-chairman of the pro-Russian party OPZZH Yuriy Boyko has bought up over a thousand apartments in Kyiv in recent years for tens of millions of dollars. As journalists from Hromadske found out, none other than top Kyiv developers helped in this - former head of Kyivmiskbud Ihor Kushnir, his wife Oksana, Vadim Stolar and Vladyslav Molchanova.
These apartments are formally registered with the Hunter investment fund, which is controlled by Boyko’s associates. And, as journalists claim, it was precisely thanks to the “special” attitude of developers towards this fund that the apartments were sold almost three times cheaper than the market value. What’s more, sometimes half of the residential complexes immediately went into the “right hands” under special conditions.
A striking example is the residential complex “French Quarter 2”, where construction was financed, among other things, through investments from the Hunter fund. This facility was developed by the bUd development company, which is associated with Vadim Stolar, Igor Kushnir, and Vladislava Molchanova. As of now, the Hunter fund owns half of this company, and the other part belongs to the Kovernot fund, the formal owner of which is Kushnir’s wife.
The cooperation was not only active, but also profitable - for example, in the Kamerton residential complex, the Hunter Fund bought apartments for 8,000 hryvnias per square meter at a market price of 25,000. And in the French Quarter 2 - for 575 dollars, while the market price reached 1,300 dollars per square meter.
“Over the past 10 years, Boyko’s entourage has purchased at least 1,107 apartments through the Hunter Fund. This is only what has been documented. According to minimal estimates, the value of these investments could exceed $70 million,” the journalists note.
Realtors say frankly: they would not offer such conditions to any other investor. Selling so many apartments to one client at a discount is simply not profitable - it goes against the logic of the market. But in this case, it was not about the market, but about political and business loyalty.
The assets of the developers themselves are no less revealing. The Kushnir family, for example, owns an estate on the French Riviera with an area of 850 sq. m. with a swimming pool, garden and sea view. The estate was registered to the company of Oksana Kushnir's wife, and was purchased under a dubious scheme. The value of the property in the documents is €19 million, but realtors estimate it at at least €20 million.
Scandals have been haunting Kushnir for several years. Back in 2023, journalists reported that Kyivmiskbud land in the elite Kozyn, where a recreation center used to be, had been built up with cottages for relatives and people close to Kushnir.
At the same time, the official was suspended from the management of Kyivmiskbud for the duration of the inspection. But the story with his “disability” caused the greatest resonance. In May 2023, Kushnir left Ukraine on a medical certificate, after which he and his wife conquered Everest - the cost of such a climb is estimated at at least $150,000. Such a “disability”, apparently, did not prevent them from storming the highest point on the planet.
All this is another illustration of how real estate in Kyiv has become a tool for money laundering, political connections, and the implementation of schemes worth millions. And while some have investors waiting in line for years for their apartments, for others the doors to the "French Quarter" have long been open. And preferably right away.
