Dragon Capital Sells Major Kyiv Warehouse Complex to Avrora Retail Chain

The new owner, Avrora, has taken possession of a 14.42-hectare land plot, office and warehouse premises with a total area of approximately 7,000 square meters, and a destroyed building of 90,000 square meters. This facility is one of the largest warehousing sites in the Kyiv region.

Taras Panasenko, Avrora’s co-founder and CEO, commented on the acquisition: “This is a strategically important step for our company. We plan to restore the destroyed warehouse in two phases. In the first phase, we aim to restore approximately 45,000 square meters, including integrated shelters, by the end of 2025. The second phase is expected to be completed by the end of 2026, after which an additional 45,000 square meters will be ready for operation.”

“This facility was chosen for its optimal size and location, which will allow for faster and more efficient delivery of goods to Kyiv and its surroundings in the future. We decided to invest in the destroyed site because restoring it will be quicker and more cost-effective than building from scratch. Moreover, we see symbolism in this decision: restoring a building destroyed during the war means revival and resilience," Panasenko said.

Tomas Fiala, CEO of Dragon Capital, emphasized the significance of the deal: “The sale of the West Gate Logistic is a landmark event for both our company and the Ukrainian warehouse real estate market. We already have a successful partnership with Avrora, as the company leases the first phase of our M10 industrial park in Lviv, and we are pleased to see this collaboration expand. This deal highlights the incredible resilience of Ukrainian businesses, their drive, and their ability to grow despite wartime challenges.”

Mr. Panasenko added that Avrora continues to actively invest in the development of its infrastructure despite the existing challenges. “We are confident that this acquisition will boost our logistical capabilities and enable us to serve our retail outlets across Ukraine even more efficiently,” he said.

The transaction was supported on the legal side by the law firm Arzinger. Other details of the transaction remain confidential.

About Dragon Capital
Dragon Capital is one of Ukraine's largest groups of companies, providing a full range of investment banking, brokerage, private equity, and asset management services to institutional, corporate, and private clients. The company has over 20 years of successful direct investment experience in leading manufacturers of goods and service providers in Ukraine, as well as in landmark residential and commercial real estate projects.

About Avrora Retail Chain
Avrora is a national company with direct foreign investments from Horizon Capital, leading the Ukrainian market in the one-dollar store format. The chain is dynamically growing and expanding both in Ukraine and abroad, currently operating over 1,400 stores across Ukraine and 25 stores in Romania.