DIM Group and Maxim Krippa, owner of the Parus business center and Ukraina Hotel, have finalized a partnership and cooperation agreement, the developer’s press service told Interfax-Ukraine.
It is noted that Ukrainian businessman Krippa continues to expand his real estate investment portfolio, which this time will be replenished with residential properties. Following the acquisition of Kyiv’s largest business center Parus in 2023 and the privatization of the historic Ukraina Hotel in 2024, Crippa announced an investment in the DIM Group, a leader in residential development in the capital region.
“I decided to invest in DIM’s projects not only because of their significant investment potential, but also because of our common attitude to doing business during the war: they are not afraid to build, I am not afraid to invest,” said Crippa.
Krippa’s participation will ensure the completion of the construction of the developer’s current facilities and the start of work on new large-scale projects.
“The participation of Maxim Krippa’s development group of companies will allow us to be independent of sales volumes, keep the pace of construction and ensure our investors that the construction of the facilities is completed on time. In addition, we will be able to start working on new projects with confidence,” said Oleksandr Nasikovsky, founder and managing partner of DIM Group, as quoted in the press release.
The portfolio of the DIM development company consists of real estate in Kyiv and the region with a total area of more than 900 thousand square meters. The company has commissioned 3,670 apartments and built more than 356 thousand square meters of residential and commercial space. There are 6 projects under construction with a total area of over 346 thousand square meters.
PrJSC Stadsis AB (Sweden), which is a shareholder of PrJSC Mandarin Plaza, a developer of Lavina Mall, Blockbuster Mall and Ocean Mall (all are located in Kyiv), has decided to segregate a new company from the enterprise, PrJSC Parus Invest.
According to the statement of Mandarin Plaza in the information disclosure system of the National Securities and Stock Market Commission, by the decision of the shareholder dated March 19, Parus Invest was segregated from PrJSC Mandarin Plaza with the transfer of part of the property, rights and obligations to it.
The shares of Mandarin Plaza are converted into the shares of Parus Invest with a ratio of 1:1.
The planned charter capital of new company is UAH 5.9 million.
PrJSC Mandarin Plaza was established in 2000. It is engaged in development activities in the segment of construction and operation of retail and office centers.
The charter capital of PrJSC Mandarin Plaza in April 2020 stood at UAH 21.7 million.
Businessman Vagif Aliyev, the investor and owner of the Lavina, Blokbuster and Ocean Mall shopping and entertainment centers in Kyiv, plans to finish the sale of a part of the Parus class A business center in Kyiv by late 2018 to finance construction of the mega mall network. “Yes, we will gradually sell Parus,” Aliyev said in a blitz-interview with Interfax-Ukraine. According to him, negotiations on the deal are currently ongoing, but the buyer’s name has not been announced.
“We are in the process of negotiations… [The transaction] is not yet completed, we are in the process of discussing the financial interest..,” the developer said, adding that the completion of the transaction is expected by the end of 2018.
As reported, at the end of 2016, Aliyev said that he was ready to sell the Parus business center if he could not attract loan funds to complete the construction of the Blokbuster Mall shopping center. Aliyev announced the completion of the transaction on the sale of the Senator business center located at 2, Riznytska Street, in the Pechersky district of Kyiv. The Parus business center with 33 floors located at 2, Mechnikova Street in the Pechersky district of Kyiv was commissioned in 2007. The building has an underground four-level parking for 300 cars.
