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.