The acquired company owns and manages Caravan Outlet Mall in Kyiv.
This transaction is part of Dragon Capital's ongoing strategy to manage its commercial real estate portfolio.
Caravan Outlet Mall, opened in 2003 and renovated in 2019, is Kyiv’s first professional shopping mall and remains its only large outlet center. The property’s total area is 57,321 square meters, of which the gross leasable area (GLA) covers 42,788 square meters. The mall features over 50 international fashion brands, a five-screen cinema, a roller rink, a children’s amusement park, a hypermarket, and a food court.
Tomas Fiala, CEO of Dragon Capital, commented: "Despite the long history of Caravan and the high competition in the Obolon district of Kyiv, we see potential in this shopping center. Building on our successful experience managing five shopping centers, we aim to significantly improve its operational efficiency. We are currently evaluating various strategies for the mall’s further development, considering the current needs of both retailers and consumers."
The deal terms are confidential.
Dragon Capital is one of Ukraine's largest groups of companies, providing a full range of investment banking, brokerage, private equity, and asset management services to institutional, corporate, and private clients. The company has over 20 years of successful direct investment experience in leading manufacturers of goods and service providers in Ukraine, as well as in landmark residential and commercial real estate projects.
DCH Investment Management is a financial and industrial group that manages investments in iron ore mining and metallurgy, machine building, real estate, insurance, banking, and the hospitality industry. The company has extensive experience in effective investment in Ukraine.
