Investment fund Inzhur REIT has completed the acquisition of the Sky Park shopping and entertainment center in Vinnytsia for UAH 1.5 billion.
About the asset and tenants
The mall covers about 30,000 sq m and is located on Vinnytsia's central square. It hosts more than 150 tenants, including Bershka, Pull&Bear, Stradivarius, Levi’s, Colin’s and KFC. The site also features the SmartCinema multiplex with seven screens, a fitness club and a coworking space.
Finance and investors
After the deal, the total value of Inzhur REIT’s assets stands at UAH 3.48 billion. Sky Park became the fund’s largest and most expensive asset; the portfolio also includes around 15 other premises occupied by the chains McDonald’s, Silpo, Fora, Comfy and MasterZoo.
The fund has 37,933 investors with an average investment of about UAH 28,500. According to Inzhur’s calculations, Sky Park is expected to deliver roughly a 15% annual yield in foreign currency.
"By launching the fund with a minimum entry of UAH 10, we attracted 20,000 investors in two months, which indicates demand for simple financial products"
— Andriy Zhurzhiy, CEO of Inzhur
- On November 20, the Antimonopoly Committee allowed Inzhur to acquire LLC "Askor Company" (Sky Park shopping center) from Dragon Capital, which had owned the center since 2018.
