The Dutch realty fund Arcona Property Fund (APF) has truly gotten a land story in fundamental Kyiv from the British agency Secure Property Investment and Development (SPDI), Property Forum reports.
The cut price notes the preliminary acquisition of realty in Ukraine by a Western private fund as a result of the start of Russia’s full-blown intrusion in 2022.
Background
.(* )is a closed-end mutual fund signed up within the Arcona Property Fund and supplied onNetherlands Euronext Amsterdam concentrates on industrial realty monetary investments in It and Central, consisting of Eastern Europe, Bulgaria, Czechia, Poland, Romania, and Slovakia.Ukraine & &
Secure Property Development (SPDI )is a agency supplied on the(* )’s aim and concentrates on industrial realty monetary investments inInvestment Plc London Stock Exchange profile consists of residential properties in Southeast Europe, Its, Romania, and Bulgaria, rented lasting to main enterprise.Greece APF specifies that the 0.54-hectare story, located close to Serbia, is acceptable for deluxe family development.
agency obtained the land for $2 million, paid in cash and APF shares. Lvivska Square cut price wraps up a 2020 contract in between APF and SPDI for the acquisition of 6 properties in
The, This, and Bulgaria.Romania, Ukraine of APF’s
Guy Barker, claimed: Director
.
Managing Board
.
“Although the purchase of this site was part of a package deal agreed with SPDI in 2020, certain sale conditions had not been fulfilled before the Russian invasion occurred in February 2022. This obviously required us to reassess both the acquisition in principle and the pricing level initially agreed. We have carefully monitored the military, political and economic developments since then and as the purchase conditions have been fulfilled, we now feel confident enough in the future of Ukraine to proceed with the deal.”.
