Vienna-based Akron Group has acquired the Eastgate logistics park in the Ukrainian capital of Kiev from developer GLD Invest Group for EUR 40 mln. In a statement, Akron said the asset is a newly developed 'state-of-the-art storage and office building covering 40,000 m[sup]2[/sup].
Vienna-based Akron Group has acquired the Eastgate logistics park in the Ukrainian capital of Kiev from developer GLD Invest Group for EUR 40 mln. In a statement, Akron said the asset is a newly developed 'state-of-the-art storage and office building covering 40,000 m2.
As part of a forward purchase deal, the property was completed by the developer for Akron within 15 months. The site is well served by transport facilities
and is located to the east of Kiev, near Borispol Airport and just 30 km from the city centre. Aside from storage facilities the site features 4,500 m2 of office space. German logistics group Fiege/rewico, Sportmaster and the French company Groupe-Atlantic have already signed tenancy agreements.
'By purchasing and developing the logistics park, Akron and GLD have been able to position themselves as pioneers of quality on the Ukrainian market. The demand for first-rate logistics premises will continue undiminished for a long time to come. We’re expecting the strong economic growth to persist and therefore see Ukraine as an important core market,' said Akron CEO Christian Thalhammer.
Akron was founded in 1995 by Günther Kloimüller and Thalhammer to purchase, develop and manage office, logistics buildings and shopping centres. Headquartered in Vienna, the investment group now operates in Germany, the Netherlands, Hungary, Poland, Ukraine, Russia and Croatia. The company currently manages 56 real estate properties worth around EUR 1.2 bn. It is developing properties valued at EUR 500 mln.
