Ukraine’s largest one dollar store chain, Aurora, will become the first tenant of M10 Lviv Industrial Park (347 Shevchenko St.), the press service of Lviv City Council reports.
As reported, in February 2024, the developer of the industrial park, Dragon Capital, commissioned the first phase of M10 Lviv Industrial Park, a Class A warehouse complex with an area of 14.4 thousand square meters.
The further development of the M10 Industrial Park project envisages the construction of warehouse complexes in the build-to-suit format (design and construction of a facility for a customer).
“We are currently negotiating with several potential participants. These are representatives of Ukrainian business, manufacturing companies looking to expand or relocate their business. As for the format of cooperation (sale or lease), it depends on the needs and situation of a particular company,” Mykhailo Sakun, Dragon Capital’s investment director, told Interfax-Ukraine.
M10 Lviv Industrial Park is a new industrial park located in the Ryasne-2 industrial zone of Lviv, on the M10 highway, 60 km from the Krakovets checkpoint on the border with Poland. The territory of the park covers an area of 23.5 hectares and consists of six plots planned for warehousing and production facilities with a total area of 140 thousand square meters. Dragon Capital Property Management, the company’s own management company, provides centralized maintenance of infrastructure facilities and security for the park. The facilities are certified according to BREEAM international green building standards.
In 2023, the European Bank for Development and Reconstruction (EBRD) has already invested $5.5 million in the project, and its total investment in M10 Lviv Industrial Park will be up to $24.5 million. The World Bank’s International Investment Guarantee Agency (MIGA) has also insured the project against military risks for 10 years for an investment of $9.2 million.
The head office of the Aurora retail chain is located in Poltava. “Aurora was founded in 2011 by Lev Zhydenko, Taras Panasenko, and Lesia Klymenko.
According to Opendatabot, the owner of Vygidna Kupilka LLC, which develops the chain, is listed as Cyprus-based Auroritel Investments Limited, with Zhydenko as its beneficiary. The Cypriot company also owns Prior Development LLC, Seven A LLC, Promyslova 9 LLC, and Tak LLC.
Dragon Capital is one of the largest groups of companies in Ukraine operating in the field of investment and financial services and providing a full range of investment banking and brokerage services, private equity, asset management to institutional, corporate and private clients. The company has more than 20 years of successful experience in direct investments in leading manufacturers of goods and service providers in Ukraine, as well as in landmark residential and commercial real estate projects.
Dragon Capital Property Management is the management team that manages the company’s commercial real estate portfolio. It manages 28 properties (business centers, shopping malls and logistics centers) with a total area of 647 thousand square meters.
