Investors Sell Pyramida to Dragon Capital
Baker & McKenzie’s Kyiv office advised US and British investors on the sale of 100% of their shares in 1849-Apollo Overseas I Limited (Cyprus), the founder of Atlantic-Pacific Ventures LLC (Kyiv), which owns and manages the shopping center Pyramida in Kyiv, to Dragon Capital.
Baker & McKenzie’s Kyiv team was led by Kyiv Real Estate Partner Lina Nemchenko, with key input from associates Elmaz Abkhairova in Kyiv and Robert Gray in London.
Commenting on the transaction, Alex Podell from 1849 Limited said: “This deal could not have been done without the hard work of my partner Graham Hedger and our excellent team in Kiev – most notably Jola Kuc-Borowska and Larisa Golubeva. Successfully investing in an exiting commercial real estate deal in Ukraine is a challenge to say the least. We are very appreciative of the guidance that Lina Nemchenko of Baker & McKenzie gave for the Pyramida Acquisition in 2006 and for our sale this year a decade later."
Lina Nemchenko added: “
More than 10 years ago we were privileged to advise the investors on the acquisition of this property and are now delightful to assist them with the exit. I truly hope that this successful transaction will be a positive sign for other investors.”