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  • Date of publication: 31 August 2020
  • 1987
  • businessbuysale.com
  • Dragon Capital bought the shopping mall Victoria Gardens - the largest in Lviv

    Synopsis

    Dragon Capital Investments Limited has completed the transaction for the purchase of the shopping center Victoria Gardens in Lviv from two Turkish private investors

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Dragon Capital Investments Limited has completed the transaction for the purchase of the shopping center Victoria Gardens in Lviv from two Turkish private investors

 

The transaction for the acquisition of the shopping and entertainment center Victoria Gardens in Lviv, which two Turkish private investors was bought by Dragon Capital Investments Limited, a member of Dragon Capital, was completed, Interfax-Ukraine reports.

The parties do not disclose the amount of the transaction.

The lease area of ​​the shopping and entertainment center is 48.23 thousand square meters. m, and it is the largest of the three shopping centers currently operating in the city.

This object became the first for the group acquisition outside the Kiev region. And it's not accidental that it is located in Lviv, said Tomas Fiala, CEO of Dragon Capital. "We believe in the potential for the development of the city and this newly opened shopping center, now our focus is primarily on completing construction work ... and strengthening the existing list of tenants," Fiala said.

The shopping center Victoria Gardens is located in the south of Lviv between the densely populated and growing residential area and the international airport "Lviv". It consists of two main trade floors and two parking lots for 1500 cars. Among the main tenants - Silpo, Foxtrot, Argo, New Yorker, LPP Group, Multiplex cinema, Papashon entertainment center and King Fitness gym.

At the end of 2017, Tomas Fiala told Interfax-Ukraine that Dragon Capital and co-investors, including Goldman Sachs, George Soros, OPIC, plan to provide up to $ 300 million in investments to Ukraine in 2018. In 2017, the volume of Dragon Capital investments in Ukraine Tomasz Fiala estimates at $ 100-150 million.

"In the pipeline, we have about 10 transactions," the general director of the investment company said, adding that the final amount will depend on the implementation of one or two large transactions with co-investors for up to $ 150 million.

According to him, now the prices for assets in Ukraine are the cheapest since 2000-2004, as investors highly assess the risks of the country and are not ready to pay more.

 

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