British investment fund Meyer Bergman has listed its Aladdin shopping mall, which is the company’s alone asset in Ukraine.
According to the announcement made by the company, it is plan to sell the property for $22,5 million. Information is confirmed by Cushman and Wakefield, which act as a broker.
The total leasable area of the mall is 10.571 sqm. The mall’s tenant mix counts 120 stores of international and national brands. Vacancy rate is 1%. The monthly traffic of the shopping mall reach 325.000 people.
Meyer Bergman investment fund became an owner of the mall in 2008. The value of transaction was $40 million. According to Volodymyr Mysak, head of capital markets at Cushman&Wakefield, Aladdin shopping mall is interesting for investors as it has advantageous location and will allow the potential purchasers to increase its profitability.
Vitaliy Boyko, CEO at NAI Ukraine adds that Aladdin designed for the giant residential area with lack of severe competition.
“The investment fund acts as a typical investor, who buys projects with the purpose to sell it in 5-10 years. The owner has two choices to invest in reconstruction of the projects and its further development or sell it” – adds Vitaliy Boyko.
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Translated by Invest in Projects
Major source – Mind.ua