The new owner, Avrora, has taken possession of a 14.42-hectare land plot, office and warehouse premises with a total area of approximately 7,000 square meters, and a destroyed building of 90,000 square meters. This facility is one of the largest warehousing sites in the Kyiv region.
Taras Panasenko, Avrora’s co-founder and CEO, commented on the acquisition: “This is a strategically important step for our company. We plan to restore the destroyed warehouse in two phases. In the first phase, we aim to restore approximately 45,000 square meters, including integrated shelters, by the end of 2025. The second phase is expected to be completed by the end of 2026, after which an additional 45,000 square meters will be ready for operation.”
“This facility was chosen for its optimal size and location, which will allow for faster and more efficient delivery of goods to Kyiv and its surroundings in the future. We decided to invest in the destroyed site because restoring it will be quicker and more cost-effective than building from scratch. Moreover, we see symbolism in this decision: restoring a building destroyed during the war means revival and resilience," Panasenko said.
Tomas Fiala, CEO of Dragon Capital, emphasized the significance of the deal: “The sale of the West Gate Logistic is a landmark event for both our company and the Ukrainian warehouse real estate market. We already have a successful partnership with Avrora, as the company leases the first phase of our M10 industrial park in Lviv, and we are pleased to see this collaboration expand. This deal highlights the incredible resilience of Ukrainian businesses, their drive, and their ability to grow despite wartime challenges.”
Mr. Panasenko added that Avrora continues to actively invest in the development of its infrastructure despite the existing challenges. “We are confident that this acquisition will boost our logistical capabilities and enable us to serve our retail outlets across Ukraine even more efficiently,” he said.
The transaction was supported on the legal side by the law firm Arzinger. Other details of the transaction remain confidential.
