Dragon Capital investment company has completed the acquisition of a new A class Viking business center in Lviv, the press service reported. “This is our second business center in Lviv and the 14th in the Dragon Capital portfolio of office real estate in Ukraine,” CEO of Dragon Capital Tomas Fiala said.
The business center, located at the intersection of Zelena and Pimonenko Streets in Sykhiv district of Lviv, was commissioned in August 2021. The object consists of two sections (9 and 12 floors) with a total area of 18,700 square meters, and includes a parking lot for 102 cars.
The business center was built according to the “green” BREEAM certification standards.
Dragon Capital is one of the largest investment groups in Ukraine in the field of investment and financial services, providing a full range of investment banking and brokerage services, direct investments, asset management for institutional, corporate and private clients. The company was founded in Kyiv in 2000. One of the key activities of Dragon Capital is investment in the real estate market.
The commercial real estate portfolio is managed by Dragon Capital Property Management. As of September 2021, it manages 31 commercial real estate objects, including 14 office objects, six retail real estate objects and 11 logistics complexes, with a total area of 778,000 sq m.
Investment company Dragon Capital intends to partially refinance the Grand business center (Kyiv), as well as logistics complexes Diana Lux Logistic (Brovary) and Terminal Kharkiv with a loan from the European Bank for Reconstruction and Development (EBRD) in the amount of $12.5 million, the press service of the company reported.
“We are very pleased to begin our cooperation with the EBRD in the field of sustainable real estate investments. This loan will also allow Dragon Capital to expand investments in the commercial real estate sector, especially in the development of our two industrial parks: M10 in Lviv and E40 in Kyiv,” Dragon Capital Head Tomas Fiala is quoted as saying in the press release.
Dragon Capital has already received green certificates for four buildings in its portfolio (including BC Grand) and expects to double them in 2021. In addition, lease agreements for the company’s facilities will now include “green clauses” to minimize environmental impact.
Capital BC Grand (leasable area – 9,100 sq. m.), Diana Lux Logistic (15,000 sq. m.) and Terminal Kharkiv (11,700 sq. m.) were acquired by the company in 2017-2019.
Dragon Capital is one of the largest investment companies in Ukraine. It works in the field of direct investment and financial services, provides a full range of investment banking and brokerage services to corporate and private clients.
The commercial real estate portfolio is managed by Dragon Capital Property Management. As of January 2021, it manages 29 commercial properties, including 13 office properties, six retail properties and ten logistics complexes, with a total area of 662,000 square meters.
Dragon Capital plans in 2021 to return to the rates of investments that were before the pandemic, Dragon Capital Head Tomas Fiala said.
“In the first half of the year, we plan to close five deals together with co-investors and Western funds for about $200 million. We hope to close them in the first half of the year, so we will return to the rates of investments that were before coronavirus [COVID-19],” he said at the EBA Global Outlook meeting hosted by the European Business Association on Thursday.
Dragon Capital has completed the sale of the Omega-2 class A logistics complex with an area of 32,700 square meters in Brovary (Kyiv region), according to its press service on Monday.
“This is our first closing of a commercial real estate sale deal after we made a bet on this segment in 2016, and it demonstrates that there are opportunities in this market not only for profitable investments, but also for exits,” Dragon Capital Managing Director Volodymyr Tymochko said.
According to him, the company also continues to consider the possibility of spot acquisitions in the warehouse real estate sector. In addition, the plans also include the development of the company’s industrial parks in Kyiv (E40 Industrial Park) and Lviv (Ryasne-2).
Dragon Capital is one of the largest groups of companies in Ukraine, which works in the field of investment and financial services and provides a full range of investment banking, brokerage, and asset management services to institutional, corporate and private clients.
Dragon Capital has completed the sale of the Omega-2 class A logistics complex with an area of 32,700 square meters in Brovary (Kyiv region), according to its press service on Monday.
“This is our first closing of a commercial real estate sale deal after we made a bet on this segment in 2016, and it demonstrates that there are opportunities in this market not only for profitable investments, but also for exits,” Dragon Capital Managing Director Volodymyr Tymochko said.
According to him, the company also continues to consider the possibility of spot acquisitions in the warehouse real estate sector. In addition, the plans also include the development of the company’s industrial parks in Kyiv (E40 Industrial Park) and Lviv (Ryasne-2).
Dragon Capital is one of the largest groups of companies in Ukraine, which works in the field of investment and financial services and provides a full range of investment banking, brokerage, and asset management services to institutional, corporate and private clients.
Vadim Novinsky’s Smart Holding and Tomas Fiala’s Dragon Capital investment group have signed a sale and purchase agreement for Unex Bank, Smart Holding said on Thursday.
“The parties plan to close the deal during the first quarter of 2021. At the moment, the documents are being approved by the NBU. The Antimonopoly Committee of Ukraine has already approved the deal,” the release says.
The parties to the agreement are: – Withine Investments LTD (Cyprus) from Smart Holding, Dragon Capital Investments Limited (Cyprus) from Dragon Capital, participating in the transaction together with Ivan Svitek.
The amount of the deal was not disclosed.
According to the NBU, as of October 1, 2020, in terms of total assets, Unex Bank ranked 64th (UAH 796.83 million) among 74 banks operating in the country.
The bank completed nine months of 2020 with a net loss of UAH 22.97 million, which is 3.8 times higher than the loss for the same period last year, including in the third quarter the net loss amounted to UAH 14.67 million against UAH 1.41 million in third quarter of last year.
Bank’s net interest income for nine months of this year decreased by 14.8% – to UAH 68.07 million, and the net commission income – by 21.2%, to UAH 19.3 million.
The release states that Withine Investments LTD (Cyprus) owns 100% of the shares of Unex Bank, and 100% of the shares of Withine Investments, in turn, belong to Smart Investments (CY) Ltd, owned by MP Novinsky.
