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Vasil Kisil & Partners Advises Arcona on Acquisition of Ukrainian assets of SPDI

Vasil Kisil & Partners Advises Arcona on Acquisition of Ukrainian assets of SPDI

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Vasil Kisil & Partners has advised Arcona Property Fund on the acquisition of Secure Property Development & Investments’ two development sites in Kyiv, with a total value of EUR 1.8 million.

Arcona is a Netherlands-based independent owner-managed real estate fund and asset manager, active across Northern and Central Europe. It is listed on Euronext Amsterdam and the Prague Stock Exchange. Arcona is currently responsible for over EUR 645 million of real estate and financial assets on behalf of both private and institutional clients.

According to VKP, “this is the second phase of the three-phase acquisition of SPDI´s property portfolio in Eastern and Southeastern Europe. The estimated value of the whole second stage which also includes Romanian assets is EUR 8.2 million. The purchases should be completed in the second half of 2021.” The firm further informed that “Arcona Property Fund N.V. will acquire the second phase assets by issuing to SPDI its shares and warrants which can be converted into the Fund's shares if they reach certain price level. The shares will be admitted to listing at Euronext Amsterdam Stock Exchange. SPDI will also provide a seller's loan of EUR 1 million.”

Vasil Kisil & Partners’ team included Partner Alexander Borodkin, Senior Associate Tetiana Revutska, and Associate Ivanna Rodionova.

Vasil Kisil & Partners did not reply to our inquiry on the matter.

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com


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