The company Dragon Capital Investments Limited, which is a group of companies Dragon Capital, has completed the acquisition of a logistics complex “Arctic” state “Oschadbank.”
This is stated in the official press release.
Commissioned in 2011 logistics complex with a total area of 21.5 thousand square meters is located in s. Sofievskaya Borshchagovka, Kiev region.
The facility was purchased from “Oschadbank” at the auction, organized by state electronic trading system “SETS”.
“Logistics center “Arktika” will be the ninth facility in our portfolio warehouse, which over the last 2.5 years has reached 300 thousand square meters, including 40 thousand square meters of warehouses cold storage. After the acquisition of the “Arctic” the warehouse space is 48% of our commercial property portfolio,” said Volodymyr Tymochko, the managing Director of direct investments of Dragon Capital.
“The sale of logistics complex “Arctic” became “savings Bank” has the largest sale price of the operation to dispose of non-core asset that was acquired in the property on account of debt repayment on loans, going all the way to foreclosure on the collateral of troubled debtor”, – said the Deputy head of Board of “Oshchadbank” Andrew Stecewycz.
Dragon Capital is one of the largest groups of companies in Ukraine, which operates in the field of direct investment and financial services, providing a full range of investment banking and brokerage services to corporate and private clients.
The ultimate beneficiary in the state register specified by the citizen of the Czech Republic, the President of the European business Association Tomas Fiala.
In October 2018 Oschadbank put the center up for sale through the electronic trading platform, OpenMarket for 195 million UAH.
The auction took place on 5 November.
In 2014, the Bank issued LLC “TLK Arctic” a loan of UAH 100 million bail fish market complex for storage and food production. However, the company ceased to maintain it.
Oschadbank appealed to the Executive service to repay part of the debt due to the collateral. After the failed auction, the Bank exercised its legitimate right to acquire it by transfer of secured claims at the price determined in the enforcement proceedings.
The center provides storage services, move, and sort products, includes enterprise high-tech processing.