Aladdin Shopping Center is for sale

The seller is the British investment fund Meyer Bergman

The investment fund Meyer Bergman put up for sale the Aladdin shopping center, its only asset in Ukraine. The shopping center is in Kiev along Grishka Street, 5. Information about the sale was confirmed by the source: the director of the shopping center, the real estate consultant and the investment banker, the League informs.  

The object is planned to be sold for $ 22.5 million.

It is worth noting, the rental area of ​​Aladdin - 10 571 square meters. m, in the shopping center is located 120 stores, according to a press release Cushman & Wakefield. Now Aladdin is filled by 99%. Monthly TC, located near the metro station Poznyaki, is visited by about 325 000 people.

The Meyer Bergman Fund became the owner of the Aladdin shopping center in 2008. The amount of the transaction was about $ 40 million.

Recall that the Economic Court of Kiev on December 29, 2017 imposed a second arrest on the shopping center Magelan in Kiev. The arrest was imposed in the course of the dispute between Sberbank and the company "Edge of Property" Anatoly Yurkevich. On December 27, the company "Kray Property" appealed to the court, referring to the fact that Sberbank did not comply with the procedure for satisfying the claims of the pledgee provided for in the 2011 loan agreement.

In September 2011, Sberbank opened two lines of credit for $ 56.2 million secured by Magelan shopping center to Krai Property. The maturity of the loan expired at the end of March 2017. However, "Edge of Property" did not pay off.

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