Representing the buyer, Colliers International announces the successful acquisition of Pyramida Shopping Centre the first significant property investment transaction in Kyivs retail market (Ukraine).
A London-based investment company 1849 PLC and Apollo Real Estate Advisors, one of the most prominent real estate investors in the U.S. and internationally, jointly purchased Pyramida Shopping Center in Kyiv, Ukraine.
Yuri Nartov, Head of Investment Services of Colliers International in Ukraine said: Acquisition of Pyramida Shopping Centre is the first significant property transaction on the retail market in Ukraine and Kyiv, in particular. The importance of this transaction comes from the recognition that the first operating shopping centre in Ukraine was acquired by a renowned international investor such as Apollo Real Estate Advisors. Great location amidst one of Kyivs heavily populated residential districts, excellent visibility as well as its income-generating capabilities were among the key attributes to attract the investor to the subject propertyThese days we are witnessing a great deal of interest in the direction of the Ukrainian property market from foreign investors and developers. However, as a major obstacle to many more investment transactions, we see a tremendous lack of quality product on the market, which can be only alleviated through strengthening of the developer activity.
Pyramida is a neighbourhood shopping centre located on the left bank of Kyiv in Kharkivskiy residential district. The property was built in 2004 and comprises a two-storey self-contained shopping scheme with its own territory. The gross building area is approximately 16,683 m² and the gross leaseable area is approximately 11,500 m². The property benefits from a parking facility for 488 vehicles on its own territory. Anchor tenants include a Silpo supermarket (about 1,500 m²), Tekhnodom an electronics supermarket (1,500 m²), as well as UkrZoloto a supermarket of golden jewellery (600 m²), Cosmo a cosmetics retailer (400 m²), Domashnia Kuhnia (Home Kitchen) a local self-service restaurant (400 m²).
Source: Colliers International