S1 REIT, an investment firm that manages real estate funds under the REIT model, has registered a new fund, “S1 Plaza Poznyaki,” whose assets will include commercial space in a shopping center, the company’s press office announced.
“This is the first commercial real estate-based fund in the company’s portfolio. For us, its launch is a logical step in our development, and for investors, it is an opportunity to diversify their capital across various asset classes. Under the S1 REIT umbrella brand, we are building a diverse portfolio: not only income-generating residential real estate, but also commercial real estate,” noted S1 REIT CEO Igor Gifes.
As reported, the National Securities and Stock Market Commission (NSSMC) has registered the prospectus and the issuance of investment certificates for the S1 Plaza Poznyaki closed-end investment fund with a total par value of UAH 600 million, with a par value of UAH 100 per certificate, in a quantity of 6 million units.
A key feature of the “S1 Plaza Poznyaki” fund is its lower entry threshold. While the initial investment for the S1 VDNH and S1 Obolon funds is at least UAH 122,000, the entry threshold for the new fund is significantly lower—starting at UAH 1,000. The minimum additional investment in “S1 Plaza Poznyaki” is just 100 UAH.
The projected return for S1 Plaza Poznyaki is 10.4% per annum in currency. Dividend payments to investors will be made immediately, even before the facility’s construction is completed.
“Until construction is completed, returns will be generated through capitalization and effective asset management. We have developed a model that will allow us to pay dividends to investors from day one, without waiting for construction to be completed. At the same time, we already have a clear vision for generating cash flow from leasing the property. More than 60% of the shopping center’s space has already been reserved by international and national retail chains,” Gifes said.
The “S1 Plaza Poznyaki” shopping center, with a total area of 5,000 square meters, is part of a large-scale residential project by developer Standard One. The project is being built in the Darnytskyi district of Kyiv, near the Poznyaki metro station and Lake Serebryany Kol. High foot traffic to the commercial spaces will be ensured not only by the area’s heavy pedestrian traffic but also by residents of the complex, which will comprise over 750 apartments.
Sales of certificates for the new fund are scheduled to begin as early as May of this year.
S1 REIT is Ukraine’s first operator of collective investments in income-generating real estate, offering the opportunity to become a co-owner of profitable properties with an entry threshold that is dozens of times lower than the cost of a single residential or commercial unit. The company operates under the Real Estate
Investment Trust (REIT) model, providing investors with the opportunity to participate in the ownership and receipt of income from profitable properties without directly managing the assets.
Three funds are available for investment: “S1 VDNH,” “S1 Obolon,” and “S1 Plaza Poznyaki.” The assets of these funds consist of income-generating real estate based on development projects by Standard One.
