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.