Austrian real estate company Akron has agreed to purchase 100% of the Prospekt Peremogi 67 office project in the Ukranian capital Kiev as part of a forward purchase agreement with R-Austrian peer Quadrat. On Thursday, Akron signed up for a 40% share of the project, which it will develop together with R-Quadrat before taking it into full ownership when it is completed in the autumn of 2010.
Austrian real estate company Akron has agreed to purchase 100% of the Prospekt Peremogi 67 office project in the Ukranian capital Kiev as part of a forward purchase agreement with R-Austrian peer Quadrat. On Thursday, Akron signed up for a 40% share of the project, which it will develop together with R-Quadrat before taking it into full ownership when it is completed in the autumn of 2010.
The Prospekt Peremogi 67 project involves a class A office and business building with a usable floor area of approximately 30,000 m2 and around 360 parking spaces. Construction work has already started.
