Dragon Capital Acquires Aladdin Shopping Mall in Kyiv

UCPIH Ltd, a member of the Dragon Capital group of companies, has completed the acquisition of Aladdin, a 16,466 square meter shopping mall in Kyiv, from Meyer Bergman. The deal value was not disclosed.

Aladdin Shopping Mall, with a gross leasable area of 10,571 sq. m., is located in a densely populated residential district right next to Pozniaky metro station and close to Piramida, a shopping center the company acquired in 2016.

“We are very pleased to have completed this acquisition and add Aladdin to our portfolio of shopping centres, which now will consist of Piramida and Aladdin (Kyiv), Sky Park (Vinnytsia) and Victoria Gardens (Lviv) occupying in total over 160,000 sq. m. The shopping centre has been properly managed by an institutional foreign investor and has demonstrated stable operating performance through market down cycles of 2008 and 2014. We believe the key to Aladdin’s success is its unique location and are determined to capitalize on it by optimizing the centre’s concept and tenant mix.” says Volodymyr Tymochko, Managing Director of Private Equity, Dragon Capital.

Info. Dragon Capital is one of the largest groups of companies in Ukraine that works in the field of direct investments and financial services, providing a full range of investment banking and brokerage services for corporate and private clients. The company was founded in 2000 in Kyiv and has a successful 19-year track record of private equity investments in Ukraine.

UCPIH Ltd (Ukrainian Commercial Property Investment Holding) is an investment holding company that specializes in commercial real estate investments in Ukraine. Its main shareholder is Dragon Capital Investments Limited.

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