For the first time in the Ukrainian real estate market, an object of this scale has become the common property of tens of thousands of Ukrainians.
For the first time in the Ukrainian real estate market, an object of this scale has become the common property of tens of thousands of Ukrainians.
37,933 Ukrainians, who are investors in the Inzhur REIT fund, together purchased the most trafficked shopping and entertainment center in Vinnytsia, Sky Park. The transaction amount is UAH 1.513 billion.
"A few years ago, professional investors with large checks became co-owners of Sky Park-level facilities. For most Ukrainians, participation in such projects was unattainable," comments Inzhur CEO Andriy Zhurzhiy. "Thanks to the Inzhur REIT fund, investments in large commercial facilities become accessible to everyone, because the minimum investment in the fund is from 10 UAH. And here is the first deal of this scale: the profitable Vinnytsia shopping mall is now owned by almost 38,000 Ukrainians. This changes the rules of the game in the real estate market."
The conclusion of the agreement on the acquisition of the Sky Park shopping mall was approved by the Antimonopoly Committee of Ukraine on November 20. The Antimonopoly Committee of Ukraine thoroughly checked all participants in the agreement and the transparency of the purchase process. For Inzhur REIT investors, this means that their participation in a large deal is protected and meets all legal requirements. And for the state, this is significant revenue to the budget, because as a result of the agreement, Inzhur transferred UAH 115 million in taxes.
Sky Park shopping mall with an area of 30 thousand sq. m is located on the central square of Vinnytsia. It is the most trafficked shopping center in the city. More than 150 tenants work inside, including international companies Bershka, Pull&Bear, Stradivarius, Levi's, Colin's, KFC. In addition to shops and restaurants, Sky Park has a modern SmartCinema cinema, a fitness club and co-working.
According to Inzhur's calculations, Sky Park will generate 15% annual return in foreign currency for the Inzhur REIT fund.
Inzhur is the first Ukrainian REIT (Real Estate Investment Trust) company that allows Ukrainians to come together to invest in large real estate. Co-owners receive income from rental payments and growth in the capitalization of the objects.
The minimum investment in Inzhur REIT is from 10 UAH - this is the price of one certificate.
37,933 investors have already joined Inzhur REIT — and the fund has grown fourfold this year. The average check of an Inzhur REIT investor is UAH 28,500.
Inzhur REIT's portfolio includes 15 properties, including buildings leased by McDonald's, Silpo, Fora, Comfy and MasterZoo. Four properties for McDonald's and Fora, as well as a retail park with anchor tenant Novus, are under construction. Currently, the Sky Park shopping mall is the largest and most expensive property of the Inzhur REIT fund. The total value of all its assets is UAH 3.476 billion.
