Dragon Capital, one of Ukraine's most prominent investment firms, said it has completed the acquisition of Caravan Outlet Mall in Kyiv, the city's only large outlet center.
Financial terms of the deal are confidential, Dragon Capital said Monday in a press release.
Caravan Outlet Mall , which opened in 2003 and was renovated in 2019, is Kyiv's first professional shopping mall. The property's total area is 57,321 square meters, of which the gross leasable area covers 42,788 square meters.
The mall's tenants include over 50 international fashion brands, a five-screen cinema, a roller rink, a children’s amusement park, a hypermarket, and a food court, as per the statement.
"We are currently evaluating various strategies for the mall’s further development, considering the current needs of both retailers and consumers," Dragon Capital CEO Tomas Fiala said.
Dragon Capital remained Ukraine's largest rentier through the full-scale invasion, despite the company selling at least four assets over the last 2.5 years, including two business centers in Kyiv and two warehouses in the Kyiv region, Forbes reported.
