Dragon Capital has bought a cold storage warehouse complex on western Kyiv’s Ring Road, raising the investment company’s warehouse holdings to 300,000 square meters.

Dragon Capital has bought a cold storage warehouse complex on western Kyiv’s Ring Road, raising the investment company’s warehouse holdings to 300,000 square meters. With the purchase of the Arktika warehouse, “logistics space will constitute 48% of our total commercial property portfolio,” says Volodymyr Tymochko, Dragon’s managing director for private equity. “Ongoing growth in demand for warehouses, fueled by the expansion of offline and online retailers, is making this particular real estate segment attractive for investment.” Last week at Dragon’s annual investor conference, Tomas Fiala, Dragon’s CEO, said: “In logistics and retail — not only in Kyiv but across the country — vacancies are close to zero, which we last saw in 2007–2008.”