Dragon Capital Investments Limited, a member of the Dragon Capital group of companies, has completed the acquisition of stakes in two large logistics centres in the Kyiv suburbs.
The company acquired East Gate Logistic, a class A complex located in Boryspil, from Akron Investment Central Eastern Europe II B.V., and 60% of West Gate Logistic, a class A facility located in Stoyanka, from GLD Holding GmbH. The deal values were not disclosed.
Built in 2007, East Gate Logistic has 49,600 square meters of total space and a leasable area of 49,100 square meters. West Gate Logistic was built in 2008 and has 97,200 square meters of total and 96,300 square meters of leasable area. The two sites combined account for more than 10% of class A warehousing space in Ukraine. The total area of the two complexes constitutes more than 10% of Class A warehousing space in Ukraine. The deals values were not disclosed.
The Integrites acted as legal advisor to Dragon Capital Investments Limited, with a team led by Partner and Head of Corporate & M&A Practice Svyatoslav Sheremeta.
Stelios Americanos & Co LLC acted as Cyprus legal advisors, on the seller’s side, at the complex stake acquisition project related to two logistics centres in Ukraine acquired by Dragon Capital.
Comments from Svyatoslav Sheremeta, Partner and Head of Corporate & M&A Practice at Integrites:
The Integrites acted as a legal advisor to Dragon Capital Investments Limited, a member of the Dragon Capital group of companies, on the acquisition of stakes in two large logistics centres nearby Kyiv, Ukraine.
We believe that by the deal value and the number of involved parties it could be referred to as one of the largest and most complex transactions on the Ukrainian real estate market. Our team has provided to the Dragon Capital Group a complex legal support within the framework of this transaction. We carried out legal due diligence of the assets, took an active role in the development of the comprehensive transaction structure, and prepared transaction documents, as well as supporting the client during the completion of the acquisition procedures, and coordinating work in several jurisdictions.
The Integrites’ multi-practice team was led by partner Svyatoslav Sheremeta (M&A, corporate) with the support of partner Oleh Zahnitko (Banking & Finance). It also included senior associate Gennadii Roschepii and associate Olena Savchuk, who provided advice on real estate and contract security arrangements, respectively. Senior associate Pavlo Loginov advised the client on antitrust legal matters.
Integrites is an international law firm with full-service offices in Ukraine, Russia, Kazakhstan and representative offices in the UK, the Netherlands, Germany, and China. In March 2016 Integrites won The Lawyer European Awards 2016 in the category ‘The Firm of the Year: Russia, Ukraine & the CIS’.