Vasil Kisil & Partners advised DUPD on acquisition of cottage project from Global Solutions
18/04/2008
In early April 2008 Dragon-Ukrainian Properties & Development Plc. (DUPD) officially announced the acquisition of a project from a local Kyiv land developer Global Solutions, which entails the development of an upscale residential cottage community in Vita Poshtova, 9 km from Kyiv with transaction price reaching $ 14 million. Total land area for development constitutes 31.9 hectare, wherein DUPD acquires freehold of 16.2 ha and 49-years leasehold of 15.7 ha.
Dragon-Ukrainian Properties & Development Plc (island Man) is an AIM-listed real estate investment company focusing on development and re-development opportunities in Ukraine, managed by Dragon Capital Partners Limited (DCP).
Vasil Kisil & Partners acted as a legal advisor to DUPD on overall due diligence of the project. Vasil Kisil & Partners team performed legal investigation of project holding entity, land freehold and leasehold titles to respective parts of the project, status of design documentation, etc., evaluated the encumbrances, limitations and other transaction-triggering restrictions of the project and provided full-scale risk analysis of the proposed transaction scheme.
The following lawyers from the real estate practice of Vasil Kisil & Partners were involved in the project: Oleg Alyoshin, Partner of the firm, Alexander Borodkin, Senior Associate, Anna Sisetska and Vladimir Igonin, Associates.
Dragon-Ukrainian Properties & Development Plc (island Man) is an AIM-listed real estate investment company focusing on development and re-development opportunities in Ukraine, managed by Dragon Capital Partners Limited (DCP).
Vasil Kisil & Partners acted as a legal advisor to DUPD on overall due diligence of the project. Vasil Kisil & Partners team performed legal investigation of project holding entity, land freehold and leasehold titles to respective parts of the project, status of design documentation, etc., evaluated the encumbrances, limitations and other transaction-triggering restrictions of the project and provided full-scale risk analysis of the proposed transaction scheme.
The following lawyers from the real estate practice of Vasil Kisil & Partners were involved in the project: Oleg Alyoshin, Partner of the firm, Alexander Borodkin, Senior Associate, Anna Sisetska and Vladimir Igonin, Associates.