Ghelamco Group has announced the sale of their Logistics complex exceeding 30,000 sq. m at Kopylov, Kyiv region, Ukraine to Ukrainian retailer ATB.
Built in 2008 the complex comprises two main logistics buildings of 21,225 sq. m and 9,235 sq. m situated on a land plot of 5.78 hectares. Since opening, the facility has been leased to international occupiers Oriflame and Studio Moderna.
Cushman & Wakefield acted as agent on behalf of Ghelamco whilst Antika Law Firm acted as legal advisors.
Chris Heggerick, COO of Ghelamco Group, said:
"We are delighted to have concluded this transaction which demonstrates the value of our focus on delivering market leading levels of design and construction technology ensuring that our assets have sustainable value. Kopylov Logistics facility was built in 2008 and has enjoyed occupancy by leading international firms Oriflame and Studio Moderna. With the recent relocation of Oriflame due to operational reasons this provided us with a timely opportunity to exit our investment by selling to ATB. The Group of Companies ATB will occupy the facility so as to service their retail expansion in Ukraine".
Nick Cotton, Managing Director of Cushman & Wakefield in Ukraine (formerly trading as DTZ), said:
"This transaction demonstrates yet further liquidity and confidence in the commercial real estate market. Whilst the transaction value is confidential, it is reflective of the exceptional quality and condition of the facility which meets the high standards of warehousing required by the retail chain ATB. We are delighted to have been appointed as facilities managers on this property since commissioning through to disposal and to have acted as agents on behalf of Ghelamco in relation to the sale ".
About Ghelamco Group
Ghelamco is a leading developer and general contractor operating in CEE, and the leader in sustainable development in Belgium, Poland and Russia. The company specializes in developing modern office and warehousing space. Over the course of 31 years, Ghelamco has delivered approximately 1,500,000 sqm of office and warehouse space, thus attaining a reputation as a developer that guarantees timeliness and high-quality realized investments. The key element of the company’s investment strategy is to deliver projects that provide efficient and comfortable work space, while shaping a new area of significant value to a city that is also friendly to its inhabitants. To learn more, visit www.ghelamco.com/
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