Advising on acquiring Ukrainian assets of SPDI

On 14 June 2021 Arcona Property Fund N.V. has announced the signing of purchase agreements with Secure Property Development & Investments Ltd (SPDI) for the acquisition of SPDI´s two development sites in the Kyiv region of Ukraine, with a total value of € 1.8 million. This is the second phase of the three-phase acquisition of SPDI´s property portfolio in Eastern and Southeastern Europe. 

The estimated value of the whole second stage which also includes Romanian assets is €8.2 million. The purchases should be completed in the second half of 2021. 

Vasil Kisil & Partners acts as a sole legal advisor to Arcona on all Ukrainian law matters during all stages of the transaction, including the sites' due diligence, transaction structuring and tax planning, drafting and negotiating a set of share and asset purchase, debt assignment and novation and other agreements as well as all other acquisition documents, checking performance of the conditions and assistance with assets transfer, etc.