Inzhur REIT will acquire the Vinnytsia shopping mall Sky Park from Dragon Capital for $36 million (UAH 1.5 billion), the Antimonopoly Committee of Ukraine (AMCU) issued a corresponding permit on Thursday, the Inzhur press service reported.
According to a report on the committee’s website, Inzhur Sky LLC has been granted permission to acquire control over Askor Company LLC.
“Firstly, Inzhur is purchasing the shopping mall for $36 million: this is a record for us, and before the Inzhur REIT fund appeared, the Ukrainian retail investor community could only dream of such a thing. Secondly, this purchase is a unique precedent for Ukraine: never before in the history of the country have more than 36 thousand Ukrainians owned large and profitable shopping malls, many of whom invested only UAH 10+. We at Inzhur are confident that this event will really change the rules of the game in the market,” commented Andriy Zhurzhiy, founder and CEO of Inzhur.
The deal with Dragon Capital is expected to be completed in early December. It is noted that after the acquisition, the Sky Park shopping mall will become the 16th property in the assets of Inzhur REIT. As of now, the total assets of all Inzhur funds have reached UAH 4.84 billion, and the total income of 40 thousand investors is UAH 966.3 million.
As reported, Dragon Capital acquired Askor Company LLC, which manages the Sky Park shopping mall (total area – 30 thousand sq. m), in 2018. According to Dragon Capital, traffic in the Sky Park shopping mall in 2024 increased by 18% compared to 2023 and by 25% compared to 2021. Turnover indicators increased by 23.4% and 85.2%, respectively.
Inzhur REIT Fund is a mutual investment fund, the purpose of which is to invest in commercial real estate: both in the acquisition of existing facilities and in the construction of new ones. In September, five funds of the Inzhur investment group were merged into one.
Source: https://amcu.gov.ua/news/informatsiia-pro-rishennia-amku-20112025
