In a significant move for Ukraine's investment landscape, former Google CEO Eric Schmidt and his wife, Wendy Schmidt, have reportedly invested in seven real estate assets in Kyiv. This investment, which was first reported by Forbes Ukraine on June 8, 2026, marks a rare instance of foreign investment in the country during ongoing wartime. The couple acquired a combined 36% stake in companies under the Dragon Capital group, a prominent investment firm based in Kyiv. The deal, although not publicly disclosed, was reflected in changes in the ownership structure noted in the YouControl system between late May and early June. Forbes estimates the value of the Schmidts' share to be between $55 million and $70 million. The portfolio includes notable properties such as the Eurasia and Prime business centers, the Piramida shopping and business center, and the East Gate Logistics complex. This investment is seen as a beacon of hope for Ukraine's commercial real estate market, which has been largely overlooked by foreign investors since the onset of Russia's full-scale invasion. Despite the high risks associated with investing in Ukraine, particularly in cities like Kyiv that frequently face Russian attacks, the potential for high returns is attracting some investors. Volodymyr Landa, head of investment screening at the Economic Security Council of Ukraine, expressed optimism about the investment, stating that it is great news for Ukraine's investment climate. He emphasized that investors who acquire Ukrainian assets now stand to benefit significantly when the war eventually ends. The revenue of the companies involved in the investment has shown growth, with the Piramida shopping center reporting a profit of Hr 463 million ($10.3 million) in 2025, marking an 11% increase year over year. Andy Hunder, president of the American Chamber of Commerce in Ukraine, noted that companies willing to invest during these challenging times are positioning themselves for substantial growth and reconstruction opportunities in the future. Schmidt, who led Google from 2001 to 2011, is already familiar with Ukraine's business environment and is also the CEO of Swift Beat, a defense firm that develops AI-driven drones for the country.