London-listed residential property company Nanette has purchased an additional 15% of the share capital of Olimpia Real Estate, the holding company for a residential development in the Ukrainian capital Kiev. Nanette paid $6 mln (about EUR 4.4 mln) to increase its holding in Olimpia to 30%. The company's total investment in Olimpia comes to about EUR 8.5 mln.
London-listed residential property company Nanette has purchased an additional 15% of the share capital of Olimpia Real Estate, the holding company for a residential development in the Ukrainian capital Kiev. Nanette paid $6 mln (about EUR 4.4 mln) to increase its holding in Olimpia to 30%. The company's total investment in Olimpia comes to about EUR 8.5 mln.
Olimpia Real Estate LLC owns of 118,000-m2 plot of land in the centre of Kiev, and it is expected that it will be possible to construct about 370,000 m2 of residential, commercial and office space on the plot.
