Acquisition of Horizon Park Business Center in Kyiv - the Biggest Deal in Ukraine of the Decade

19 February 2019

UCPIH Ltd, a member of the Dragon Capital group of companies, has finalized the agreement to acquire Horizon Park Business Center. It is a 69,030 square meter business center in Kyiv. The deal was concluded with Ukrsotsbank. The deal value is not disclosed by the parties.

Horizon Park Business Center consists of two class A 18 and 19-story office towers, a 3-story building connecting them, located at 12 Amosova St, and a 5-story class B office building at 4V Mykola Grinchenko St. Being the largest business park in Kyiv, it also boasts surface, deck and underground parking for over 1,100 cars as well as extensive social infrastructure.

Acquisition of Horizon Park Business Center was recognized as a Deal of the Year by prestigious international property awards Eastern Europe Property Awards by URE Club and Europaproperty.com

Horizon Park Business Center will become the seventh and largest property in our office portfolio, which expanded over the past year to double in size reaching 160 thousand square meters. We believe growth in demand for office space against the backdrop of recovering business activity in the country and gradual compression of vacancy rates makes this real estate segment attractive for investment in the coming 3-5 years,” said Tomas Fiala, CEO of Dragon Capital.