Dragon Capital has rebuilt the first war-damaged warehouse.
One of the buildings at the West Gate Logistic complex in the Kyiv region has been restored after it was destroyed during military operations, stated Dragon Capital. The surviving building, with an area of 7,700 square meters, was damaged during the war on the Zhytomyr highway in the Stoyanka area and has now been restored and rented out. “Out of the total portfolio of warehouse real estate, three objects out of eleven were destroyed (116,000 out of 391,000 square meters), that is, 30%,” said commercial director of Dragon Capital Property Management Dmytro Kalinichev. During hostilities, Ukraine’s logistics real estate market was seriously affected. The Russian invaders destroyed about 23% of the entire inventory of commercial warehouses in the Kyiv region.