Press Releases

Sep 28, 2017

Dragon Capital Acquires Business Centers Prime and Eurasia In Kyiv

 

New Ukraine PE Holding, a member of the Dragon Capital group of companies and whose main shareholder is Dragon Capital New Ukraine Fund, has completed the acquisition of business centers Prime and Eurasia from PJSC BTA BANK.

Class A Eurasia and Prime are both located on Zhylyanska Street in downtown Kyiv. Their total space is 33,423 and 9,140 square meters, respectively. At the time of the transaction closing, the vacancy rate in both properties was less than 1%. Their key tenants include Microsoft, PWC, Deloitte, EPAM and Sanofi.

The deal marked New Ukraine PE Holding’s fourth and fifth investments in Ukraine, on top of last year’s acquisitions of the Kyiv shopping center Pyramida and logistics depots West Gate Logistics and East Gate Logistics, located in Kyiv suburbs.

"We are delighted to have completed this significant transaction following more than a year of negotiations. We have now increased our portfolio to five properties spanning three major sectors of commercial real estate and measuring over 205,000 square meters in total. Having entered the office market, we have further diversified our investments and demonstrated our faith in continued revival of business activity in Ukraine," said Tomas Fiala, CEO of Dragon Capital.

About Dragon Capital

 
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