Within the framework of a forward purchase, the AKRON Group has contractually agreed to a 100% purchase of the project Prospekt Peremogi 67 in the Ukranian capital Kiev, which was initiated by R-QUADRAT Immobilien GmbH. With today's signing, AKRON has directly purchased a 40% share of the project and will develop this together with R-QUADRAT. Upon completion of the project Prospekt Peremogi 67 in autumn 2010, the project will pass entirely into AKRON's possession.
The project Prospekt Peremogi 67 involves the building of a class A office and business building in Kiev with a useable floor area of approx. 30,000 m