American billionaire and former Google CEO Eric Schmidt, together with his wife Wendy Schmidt, have joined the group of co-owners of several commercial real estate assets belonging to investment group Dragon Capital. The relevant changes in the ownership structure appeared in state registers in late May and early June.
According to YouControl data, the couple each acquired 36% in seven group companies that own several major real estate properties in Kyiv, including the Eurasia and Prime business centers, the Piramida shopping and business center, as well as the East Gate Logistic complex.
The transaction was structured through the Cyprus-based company New Ukraine PE Holding Limited, which owns the relevant Ukrainian assets. Following the ownership restructuring, around 22% of the holding remains with the family trust of Dragon Capital founder Tomas Fiala, while another 42% belongs to British investors Anton Schreider and Maxim Klimov, former Goldman Sachs executives and founders of investment firm Again Investments.
According to estimates by Forbes Ukraine analysts, the value of the stake acquired by the Schmidt family may range from $55 million to $70 million.
Despite the entry of new shareholders, Dragon Capital will continue to manage the assets. Market participants note that such a model makes it possible to attract additional capital, retain control over the properties, and at the same time reduce investment risks.
The portfolio included in the transaction consists of assets showing positive financial performance dynamics. Revenue at the 33,400 sq. m Eurasia business center increased by 24% in 2025, reaching UAH 194 million. The Prime business center grew revenue by 11%, to nearly UAH 95 million.
The Piramida shopping and business center, with an area of over 26,000 sq. m and more than 100 tenants, generated around UAH 463 million in revenue for its owners, up 11% year-on-year. The East Gate Logistic complex, with an area of around 50,000 sq. m, increased revenue by more than 10%, to UAH 138.8 million. Property Management Services, which manages the group’s real estate assets, increased revenue by 9.5%, to nearly UAH 24 million.
Experts link the interest of the American investor to the long-term prospects of the Ukrainian real estate market. In their view, foreign investors are considering the acquisition of quality commercial assets at valuations below pre-war levels, expecting significant capital appreciation after the situation in the country stabilizes and the economy recovers.
The transaction also reflects a gradual revival of investment activity in Ukraine’s real estate market. According to consulting firms, in 2025 the volume of office real estate transactions increased 2.5 times to $87 million, while investment in shopping centers rose by 35% to $81 million.
For Eric Schmidt, this is not his first investment project in Ukraine. In recent years, the entrepreneur has actively supported Ukrainian technology and defense initiatives. In particular, he participated in the creation of drone manufacturer White Stork and also cooperated with the Ukrainian side in the development and supply of advanced drones.
The appearance of one of the best-known figures in American technology business among investors in Dragon Capital’s assets is viewed by market participants as a positive signal for international capital and further confirmation of the investment attractiveness of Ukrainian assets even amid the ongoing war.
