GLD Takes Good Speed
GLD Invest (Austria), one of the leading international player in Ukraine, is going to to expand own activity in Ukraine. Recently company sold its K40 sqm logistic project East Gate to another Austrian investor, Akron Group for EUR 35 mln. At the same time, another their logistic property West Gate is very successful and almost rented out. Also they are going to Odessa with new logistic property, as well as Kharkov and Zaporizhia.
Besides, a company intends to go next level of the operations, taking into interest to office market, too. In this market, company announced funds about EUR 200 mln. This fguure quite correspondent with funds amount which is announced for Ukraine' project and exceeds EUR 450 mln.
That's pretty clear, because for now, GLD has good experience on local market with comprehensive expertise, with own experience and feeling of Ukraine market. And good relation within professional community. I could wish to Clemens Lehr (GLD' Head in Ukraine) and company in whole good results and noticeable project.
2 comments:
Very interesting article about the Ukraine property market. How is the subprime crisis effecting it?
You have not mentioned Raven Russia plc entering the logistics market in the Ukraine.
Regards
John Nichols RIBA
Hello John.
Actually this small article was about GLD itself only. But I've posted small note about Raven here http://skalinin.blogspot.com/2007/09/raven-russia-seeks-to-develop-logistic.html
And I have no fresh buzz about it. Have you any?
Regarding subprime crisis, I do not see any significant problems here.
First of all, because different sort of derivatives are not widely used in Ukraine. There is cash market. But of course, the situation with investment fund is rather worse due the crisis. Now, the invest looks much deeper and more detailed into any new investments, particularly on emerging emerging markets. I'm sure that they will valuate the country risk more detailed.
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