Baker McKenzie Kyiv office has advised Phoenix-Capital LLC on the multi-tiered sale of the Victoria Gardens shopping center to Dragon Capital. Financial details were not disclosed.
With a gross leasable area of 48,229 square meters, Victoria Gardens is located in southern Lviv between a residential district and the Lviv International Airport. The multi-functional shopping center opened its doors in 2016. It is the largest of the three regional shopping centers currently operating in the city.
Victoria Gardens consists of two main retail floors and two parking lots, surface parking at the facade and 3-level deck-parking at the back. Core tenants include Silpo, Foxtrot, Argo, New Yorker, LPP Group, a multiplex cinema, the Papashon entertainment center, and the King Fitness gym.
Baker McKenzie’s Kyiv team was led by Managing Partner Serhiy Piontkovsky, with input from Senior Associate Andrii Grebonkin and Associate Elmaz Abkhairova.