AEQUO advises Dragon Capital on the acquisition of Karavan Outlet shopping mall, one of the largest outlets in Kyiv from DCH Investment Management (DCH)
LLC DK Kyiv Outlet, which belongs to Dragon Capital Group, has finalized acquisition of 100 % share capital of Trade Solutions LLC. Prior to completion of the transaction Trade Solutions LLC used to belong to DCH Investment Management (DCH) group – the former owner of Karavan Outlet shopping mall (Kyiv). As a result of this transaction Dragon Capital expanded its commercial real estate portfolio.
Karavan Outlet opened its doors in 2003 and was renovated in 2019. It was the first shopping mall established in Kyiv and is currently the largest outlet shopping mall in the capital. The overall size of Karavan equates to 57 321 sq m, with 42 788 sq m of rental areas. The shopping mall represents over 50 international fashion brands, has a five-star cinema, a roller skating center, an indoor playground, a supermarket and a food court.
AEQUO team is honored to have assisted our strategic client Dragon Capital with this transaction. AEQUO’s real estate and construction team experts (Iurii Gorda – Counsel, Yevheniia Chernetsova – Senior Associate, working under the supervision of Executive Partner and head of practice Yulia Kyrpa) conducted legal due diligence of the target, advised on the terms and conditions of the sale and purchase agreement, ensured that all conditions precedents were fulfilled prior to completion of the transaction and assisted with completion of the transaction.
The merger clearance for this transaction from the Antimonopoly Committee of Ukraine was secured by AEQUO’s Antitrust experts Serhii Denysenko, partner, and Vitalii Savkov, associate.
“We are grateful to AEQUO’s team for assisting us with yet another significant project. The experience and professionalism of our legal advisers allowed us to conduct a most thorough evaluation of the target, as well as successfully structure and complete the transaction within the anticipated timeframe,” – noted Ievgen Baranov, Managing Director of Dragon Capital.
“We are exceptionally grateful for the decade of successful cooperation with Dragon Capital and were glad to assist our client with yet another one landmark transaction. Expansion of commercial real estate portfolio by Dragon capital during wartime demonstrates recovery of this industry. This investment is a positive sign for foreign investors, since it highlights that local market leaders believe in Ukraine’s victory. Working on the trendsetting real property transactions during wartime is a big responsibility. We are grateful to Dragon Capital team for their trust and cooperation,” said Yulia Kyrpa, Executive Partner of AEQUO, Head of Real Estate and Construction practice.