PropertyEU

Magnat purchases 45% stake in Kiev office tower

By A staff reporter 2007-07-23T00:00:00

Magnat Real Estate Opportunities has acquired a 45% stake in an office tower development in Kiev, Ukraine. The total budget for the project, including construction costs, is about $90 mln (EUR 65.2 mln), bringing Magnat’s share of the total investment to about $40 mln (EUR 29 mln).

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