Dragon Heating The Market

Hot topics nowadays - Dragon steps to strength its role in local RE market. Another news now.

Dragon-Ukrainian Properties&Development PLC (DUPD), one of the leading investment fund in Ukraine, has obtained USD 208 mln. at end of the spring on the AIM, is going to get more. They're planning to receive up to USD 600 mln. during 2008-2009 with debt financing, including bank loans and bonds.

DUPD Board member and Dragon Capital CEO Tomash Fiala says that company intends to attract USD and UAH financing, and it could be done even at LSE, if the capital exceed USD 1 bln. in the next 5 years.

Fiala noted, that company valuate now more than 100 project in Ukrainian real estate, where 10-15 will remain then. Also he has mentioned that for the company are most profitable investments are retail and offices, hotels and residential then, and logistics is last.

"The supply is pretty low in every segment of the commercial real estate market" said Mr. Fiala. Especially comparing with any Eastern Europe country. "We expect increased demand within next 5 years. And there are huge demand for attractive income property, so fund is sure about profitable and stable exit.

According to Dragon-Ukrainian Properties&Development PLC strategy, company is planning to invest in Kiev commercial property and other big cities than with stake exit after 12 month after construction completing.

Additional info from Reuters