Twitter Logo Youtube Circle Icon LinkedIn Icon

Publishing firms

Legal Developments worldwide

AVELLUM advises on sale of Smart Plaza Obolon

September 2019 - Corporate & Commercial. Legal Developments by Avellum.

More articles by this firm.

AVELLUM acted as the legal counsel to sellers on the sale of Smart Plaza Obolon, a newly constructed shopping and entertainment center in Kyiv. URE Holding Limited, a company from Dragon Capital Group, acquired the properties.

AVELLUM provided legal support to the clients on the structuring of the complex multi-party transaction, participated in negotiations regarding the transaction documents and assisted with signing and completion.

Yuriy Nechayev, AVELLUM’s partner, commented on the transaction: “ This transaction was remarkable in many ways, including extensive and complicated negotiating process and multi-party, multi-jurisdiction signing. It has also confirmed the benefits of AVELLUM’s strong cross-practice expertise, which allows us to remain on top of M&A, real estate, corporate, tax, and other issues, which often arise in complex transactions like this one.”

Smart Plaza Obolon was opened in January 2019, and has a leasable area of more than 9,000 square meters. It is one of the innovative mixed-use complexes developed by A-Development, combining residential buildings and shopping malls. UDP, a Ukrainian development company, acted as the co-investor of the project. Smart Plaza Obolon is located in a densely populated Obolon residential area in Kyiv near the Minska metro station.

The AVELLUM team was led by partner Yuriy Nechayev, with support from associates Oleksii Maslov and Maryna Buinytska.