DRAGON CAPITAL BUYING VICTORIA GARDENS MALL IN LVIV, ECO TOWER BUSINESS CENTER IN ZAPORIZHIA » Ukraine open for business

Business news from Ukraine

DRAGON CAPITAL BUYING VICTORIA GARDENS MALL IN LVIV, ECO TOWER BUSINESS CENTER IN ZAPORIZHIA

4 Jan , 2018  

The Antimonopoly Committee of Ukraine has permitted Dragon Capital Investments Limited (Nicosia, Cyprus) to acquire stakes in Ukrainian Commercial Property LLC (Zaporizhia) and Phoenix Capital LLC (Lviv), which own ECO Tower class A business center (earlier Baida Business Hall) and Victoria Gardens shopping and leisure center respectively.
The committee said on Tuesday that it permitted Dragon Capital to acquire stakes in the charter capital of the two companies exceeding 50% of the votes in the management bodies of the companies.
As reported, the ribbon-cutting ceremony for the Victoria Gardens shopping and leisure center with gross area of 102,000 square meters located on intersection of Naukova and Kulparkivska streets in Lviv took place on October 29, 2016. As of July 2015, JLL said that total investment in the center reached $110 million.
ECO Tower was built in March 2011. Its gross area is 18,700 square meters.
According to the unified public register, Phoenix Capital LLC belongs to Globcon Limited (Britain). Beneficiaries of the company are Suleyman Hazinedaroglu and Burak Baslilar (both from Turkey).