Europa Capital has announced that its Europa Emerging Europe Fund has acquired a 23,850 m[sup]2[/sup] warehouse in the Kiev region for $25mln (EUR 16mln) from Ukrainian developer Aladdin Group. The asset, Logistic Park East I, is located 15 km northeast of the city centre. Europa said it is fully let to a single tenant, UVK - one of the largest logistics companies in Ukraine and a subsidiary of the Fozzy Group, a leading supermarket group in Ukraine.
Europa Capital has announced that its Europa Emerging Europe Fund has acquired a 23,850 m2 warehouse in the Kiev region for $25mln (EUR 16mln) from Ukrainian developer Aladdin Group. The asset, Logistic Park East I, is located 15 km northeast of the city centre. Europa said it is fully let to a single tenant, UVK - one of the largest logistics companies in Ukraine and a subsidiary of the Fozzy Group, a leading supermarket group in Ukraine.
The deal is fund's first acquisition in Ukraine, a market where few institutional quality assets have been developed and where even fewer are available for purchase, Europa said. Tim Norman, CEO Europa Capital Emerging Europe Limited said: 'Despite today's difficult market conditions, this deal demonstrates that good investment opportunities exist if you have the local knowledge to find them, which we have.'
Europa Capital is an independent real estate fund management group operating from offices across Europe. Since 1995, Europa Capital's principals have collectively raised six real estate funds and committed to over 60 transactions totalling EUR 5bn across 17 European countries.
