Business news from Ukraine

Tomas Fiala has sold largest property in Dragon Capital’s portfolio

Kherson-based Gistion LLC is the new owner of Amtel. The Antimonopoly Committee of Ukraine granted Histion permission to acquire Amtel through the purchase of the International Logistics Company in November 2023. The change of ownership took place in March 2024.

Dragon Capital did not disclose the amount of the deal. According to Forbes, based on these estimates, the total cost of the logistics complex could have been $35-40 million. A source familiar with the deal notes that this figure is not true and that the deal is much higher.

Amtel is a Class A logistics complex with a total area of 100,208 square meters. It was the largest property in Dragon Capital’s portfolio.

The founders of Histion are Oleg Lebedenko and Gennady Girin. The entrepreneurs own the New Style Door Factory trademark.

Girin is the CEO of the 33 m² chain, which unites 25 construction supermarkets. He also owns the company’s trademark and a stake in the Suvorovskiy shopping center in Kherson. Lebedenko owns the Betonera building materials trademark.

Before the full-scale war, Dragon Capital Group owned 778,000 square meters. Now it owns about 531,000 square meters of commercial real estate: during the war, the company lost three properties and sold three more.

In addition to the sale of Amtel, in 2022-2023, the group found new owners for two office centers in Kyiv.

The office center on Dilova Street in Kyiv was acquired by the Red Cross Society of Ukraine, according to the State Register of Real Property Rights.

In 2023, Soft Construct Limited bought the Seasons of the Year business center. Its beneficiaries are Armenian citizens Vigen and Vage Badalyan. They are co-owners of the global gambling software developer BetConstruct. In December 2022, they withdrew from the co-founders of the bookmaker Bbet Ukraine, according to YouControl data.