Dragon Capital Consolidates 100% Of West Gate Logistic

New Ukraine PE Holding (NUPEH) has finalized the acquisition of 40% in West Gate Logistic, a class А logistics complex in Stoyanka in the Kyiv suburb, from GLD Holding GmbH. The deal brings NUPEH ownership in the facility to 100%. NUPEH is part of Dragon Capital group and its main shareholder is Dragon Capital New Ukraine Fund.

West Gate Logistic was built in 2008 and has 97,200 square meters of total and 96,300 square meters of leasable area. Its anchor tenants are Ekol Logistic, DC Ukraine, Rhenus Revival, Mary Kay.

New Ukraine PE Holding has acquired 60% of West Gate Logistic in October 2016, alongside with the acquisition of East Gate Logistic, a class A complex located in Boryspil.

“We are delighted to announce consolidation of 100% of West Gate Logistic, the largest warehouse facility in our portfolio and one of the largest complexes in the Kyiv region. This acquisition confirms our trust in the logistics sector and the continuation of economic recovery in Ukraine in general”, says Tomas Fiala, Chief Executive Officer of Dragon Capital.

“We developed West Gate Logistic back in 2008 and now 10 years later it is still the leading logistics park in the Greater Kyiv area. We are happy to sell our remaining shares to the leading institutional real estate investor in Ukraine”, says Leopold Sandler, CEO of GLD Holding GmbH.


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 18-year track record of private equity investments in Ukraine.


About Dragon Capital New Ukraine Fund

Dragon Capital New Ukraine Fund (DCNUF) is a private equity fund launched jointly by Dragon Capital and Ukrainian Redevelopment Fund (URF) in November 2015.

Dragon Capital New Ukraine Fund invests in a wide range of sectors of the Ukrainian economy and provides businesses with capital and managerial support to enhance performance and upgrade technologies to sustain long-term growth.

Ukrainian Redevelopment Fund, LP is a private investment vehicle that focuses on special situations and private equity investments in Ukraine. Principal investment advisor of URF to Soros Fund Management, a private investment advisor to a number of private investment funds that are managed exclusively for Soros family clients.


About GLD Invest Group

GLD Invest Group is a private group of companies mainly active in the real estate sector in Austria and CEE. GLD offers its clients A-class properties in prime locations, western standards and an international tenant mix with good ratings and solid yields. The projects, which mainly comprise logistics facilities and office buildings, are planned, built, leased out and sold in Central and Eastern Europe.