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Ukrainian REIT Inzhur Acquires Sky Park Mall in Vinnytsia from Dragon Capital for $36 Million

Ukrainian REIT Inzhur Acquires Sky Park Mall in Vinnytsia from Dragon Capital for $36 Million

Inzhur REIT has completed the acquisition of the Sky Park shopping and entertainment center in Vinnytsia for ₴1.5 billion, the fund’s press service reported.

The Sky Park mall has a total area of 30,000 sq. m and is located in the heart of Vinnytsia. The complex hosts more than 150 tenants, including international fashion brands such as Bershka, Pull&Bear, Stradivarius, Levi’s, and Colin’s, as well as KFC. The property also features a seven-screen SmartCinema, a fitness club, and a coworking space.

Following the completion of the transaction, the total value of Inzhur REIT’s assets increased to ₴3.48 billion. Sky Park has become the largest property in the fund’s portfolio, which already includes around a dozen and a half buildings leased by networks such as McDonald’s, Silpo, Fora, Comfy, and MasterZoo.

The fund now unites 37,933 investors, with an average ticket size of ₴28,500. According to Inzhur’s estimates, the Sky Park acquisition is expected to generate approximately 15% annual returns in foreign currency for the fund.

Inzhur CEO Andriy Zhurzhiy noted that the launch of the REIT model in Ukraine has demonstrated substantial demand for simple and accessible investment products:
“Some believe Ukrainians are afraid to invest. But when we launched Inzhur REIT with an entry threshold starting at ₴10 and 20,000 investors joined the fund within two months, it became clear that people are actively looking for ways to secure their financial future.”

On 20 November, the Antimonopoly Committee of Ukraine granted approval for the acquisition of LLC “Askor Company,” the owner of Sky Park, which had been part of Dragon Capital’s portfolio since 2018.

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