SAGA Development is operating lawfully and is challenging the land seizure decision

The decision of a seize the land plots on which the construction of the O2 Residence residential complex is underway and the construction of Novy Podil is planned is illegal and has already been appealed by us in the Court of Appeal.

The accusations of the prosecutor's office are absurd and far-fetched. This confirms the fact that the courts of Kyiv examined the case file and refused to seize the land plots. Unfortunately, the judge from Poltava, without studying the circumstances in detail, granted the request of the Prosecutor General's Office. When making these decisions, we did not have the opportunity to defend our position, so we filed an appeal, which is now being considered by the court.

The construction of the O2 Residence residential complex is carried out in accordance with the town-planning documentation, the current construction permit and the investment agreement with the Academy of the Ministry of Internal Affairs of Ukraine. The seizure of a land plot prohibits its alienation or the beginning of a new construction, but the already started constructions on the plot are not under seizure and continue as usual.

We are convinced that in the near future the judge of the appellate court will examine the case file and cancel the seizure of land.