Dragon Capital Acquires Smart Plaza Obolon in Kyiv

URE Holding Limited, a member of the Dragon Capital group of companies, has finalized the agreement to acquire Smart Plaza Obolon, a 13,000 square meter shopping and entertainment center in Kyiv developed by A-Development. The deal value was not disclosed.

Smart Plaza Obolon was opened in January 2019, and has a gross leasable area of more than 9,000 square meters. It is located in a densely populated residential area in Kyiv near the Minska metro station. The anchor tenants include Silpo, Comfy, KFC and Eurasia.

“Smart Plaza Obolon will become the fifth (and third in Kyiv) property in our retail real estate portfolio of more than 170,000 square meters,” said Tomas Fiala, CEO of Dragon Capital. “We believe that its location in the heart of Kyiv’s Obolon district and its neighborhood shopping center format are Smart Plaza Obolon’s undisputed advantages, and we plan to develop it to attract even more customers.”

About Dragon Capital

Dragon Capital is one of the largest groups of companies in Ukraine that works in the field of direct investments and financial services, providing a full range of investment banking and brokerage services for corporate and private clients. The company was founded in 2000 in Kyiv and has a successful 19-year track record of private equity investments in Ukraine.

About URE Holding Limited

URE Holding Limited is an investment holding company that specializes in commercial real estate investments in Ukraine. One of the majority shareholders of the holding is Dragon Capital Investments Limited.

About A-Development

A-Development has implemented full-cycle commercial and residential real estate projects in Kyiv since 2014. The company specializes in so called mixed-use complexes. Among its well known projects are Smart Plaza Polytech and Smart Plaza Obolon. The company continues to build the multifunctional project White Lines.