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Integrites, Vasil Kisil, and Antika Advise on Dragon Capital Acquisition of Stakes in Two Ukrainian Logistics Centers

Integrites, Vasil Kisil, and Antika Advise on Dragon Capital Acquisition of Stakes in Two Ukrainian Logistics Centers


Integrites has advised Dragon Capital Investments Limited, a member of the Dragon Capital group of companies, on acquisition of stakes in two large logistics centers near Kyiv — a full acquisition of one in Borispol from Akron Investment Central Eastern Europe II BV, and a 60% stake in another, in Stoyanka, from GLD Holding GmbH. Greenberg Traurig and Vasil Kisil & Partners advised Akron Investment on the first deal, with the Antika Law Firm advising Heitman, the property manger. Schoenherr advised GLD Holding on the Borispol deal. 

The Stoyanka deal involved West Gate Logistic, a Class A logistics park built in 2008 with a leasable area of 97,200 square meters. The Borispol deal involved East Gate Logistic, a Class A logistics park, which was built in 2007 and has total area of 49,600 square meters. The total area of the two complexes constitutes more than 10% of Class A warehousing space in Ukraine.

According to Integrites, "Dragon Capital provides a range of services in equities and fixed income sales, trading and research, investment banking, private equity, and asset management to institutional, corporate, and private clients. Established in 2000, the company has been minority-owned by Goldman Sachs since 2007."

The Integrites team was led by Partner Svyatoslav Sheremeta, supported by Partner Oleh Zahnitko, and it included Senior Associate Gennadii Roschepii and Senior Associate Pavlo Loginov and Associate Olena Savchuk. 

"We are delighted to provide complex legal support to the Dragon Capital Group within the framework of this transaction," said Svyatoslav Sheremeta. "Considering the deal value and number of involved parties it could be referred to as one of the largest and most complex transactions on the Ukrainian real estate market.”

The Greenberg Traurig team acting as lead legal advisor to Akron Investment consisted of Jan Kees Brandse, Thedoor Melchers, and Dilek Kaya. Greenberg was supported locally in Cyprus by a Stelios Americanos & Co. team led by Olga Petrova and in Ukraine by a Vasil Kisil & Partners team led by Oleg Alyoshin.

The Antika team, which "drafted a package of documents necessary to carry out the transaction regarding the Ukrainian assets, as well as accompanied the procedure of signing these documents," consisted of Partner Alexander Burtovoy and Counsel Sergii Kornienkо, both acting under the supervision of firm Managing Partner Alexey Kot. 

Schoenherr did not reply to our inquiry on the matter.