Istil RE buys Kiev's Leipzig hotel for $35m

By A staff reporter 2009-11-30T00:00:00

Istil Real Estate, the property development arm of Kiev-based Istil Group, has finalised the acquisition of Grand Plaza, the owner of the Leipzig historical building in central Kiev from Ukrainian company Gelegen. The acquisition price amounts to around $35 mln (EUR 23.5 mln), newspaper Kyiv Post has reported.

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