Aequo and Baker & McKenzie Advise on Pyramid Shopping Mall Acquisition in Kyiv

Aequo and Baker & McKenzie Advise on Pyramid Shopping Mall Acquisition in Kyiv

Ukraine
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Aequo has announced that it advised Dragon Capital Investments Limited, a member of Dragon Capital group of companies, on its acquisition of the Pyramid Shopping Mall in Kyiv from a group of American and British investors. The investors were advised by Baker & McKenzie.

The transaction involved the sale by the American and British investors of 100% of their shares in 1849-Apollo Overseas I Limited (Cyprus), which owned Atlantic-Pacific Ventures LLC (Kyiv) — which in turn owned the shopping mall. The value of the deal was not disclosed.

Aequo describes Pyramid as "one of the most successfully-operated shopping malls in Kyiv," and reports that "built in Kyiv’s Darnytsia district in 2004, Pyramid has 16,000 square meters of total space and a leasable area of 12,600 square meters."

The Aequo project team was supervised by Partner and Head of Real Estate Yulia Kyrpa, who said that "our Real Estate team was glad to provide legal advice in the acquisition process which demonstrates investor confidence in the future growth potential of the commercial real estate market in Kyiv." Kyrpa’s team included Senior Associate Bohdan Dmukhovskyy and Of Counsel Maryna Fedorenko.

The Baker & McKenzie team was led by Kyiv Real Estate Partner Lina Nemchenko, with key input from Associates Elmaz Abkhairova in Kyiv and Robert Gray in London.