Vicus Limited was established in 2005 with the purpose to invest in the property markets of Russia, Ukraine and the Baltic States. The fund raised equity investments totaling 75 MEUR from its investors which include institutions as well as high net-worth individuals and family offices.
The funds were mainly invested in commercial real estate development
projects in the target markets during 2005 - 2010. As of today, the
investments in the Baltic States have been mainly divested very
Vicus continues to own large office and warehouse properties in St. Petersburg and Kiev, respectively. In Moscow, Vicus currently develops a large shopping and entertainment center. All investments in Russia and Ukraine are joint ventures with strong international and local partners.
is a modern business center located at the Pulkovo Airport in St.
Petersburg. The business center, operational since 2009, has a gross
leasable area of 45 000 square meters
and is fully occupied by strong
international tenants such as Gazprom and Sberbank. A large parking
facility has room for 850 cars.
Pulkovo Sky is characterized by efficient architectural solutions and state-of-the-art building technologies, and has won numerous awards. In October 2011, it was chosen by the end users as the best business center in St. Petersburg. Pulkovo Sky is a joint project of EKE Group (60 %) and Vicus (40 %).
St. Petersburg, Russia
45 000 sqm
Gazprom and Sberbank
Vicus is co-owner and developer of a 100 000 sqm multi-functional area project in Mytischi, one of the fastest growing cities in Moscow oblast immediately bordering the city of Moscow and the Moscow Ring Road (MKAD). The area project is located in the middle of New Mytischi, where huge amount of new housing is being constructed such as over a 1 000 000 sqm Yaroslavsky residential district by PIK Group and Novoye Medvedkovo district by Ingrad.
first phase of the Mytischi project, a 55 000 square meters
4Daily Mall was
opened for public in April 2017. 4Daily is a joint project of Vicus, SRV
and Russian pension fund Blagosostoyanie managed by Trinfico.
A video about 4Daily can be seen at YouTube.
The second phase of the project, Mira Development, holding the 1.4 ha site and a valid building permit for 42 000 square meters of commercial premises, is also under development by Vicus and SRV. The site is also convenient for a built-to-suit retail center or even residential (after rezoning).
55 000 sqm
Miratorg and Ekonom
Mira Development is a joint project of Vicus and SRV. Vicus is co-owner and developer of a 100 000 sqm multi-functional area project in Mytischi, one of the fastest growing cities in Moscow oblast immediately bordering the city of Moscow and the Moscow Ring Road (MKAD).
The area project is located in
the middle of New Mytischi, where huge amount of new housing is being
constructed such as over a million sqm Yaroslavsky residential district
by PIK Group and Novoye Medvedkovo district by Ingrad. The second phase of the project, Mira Development,
holds the 1.4 ha site and a valid building permit for 42 000 sqm of a
3-floor retail center and a 7-floor office center.
The first phase of the area project, a 55 000 square meters 4Daily Mall, was opened for the public in April 2017.
Mira Development is a joint project of Vicus (75 %) and SRV (25 %).
42 000 sqm
LAND PORTFOLIO, UKRAINE
COMMERCIAL SITE, KIEV
Vicus is developing a 4.6 ha land plot
by the Boryspil Highway near Kiev International Airport together with
Eurocon Ukraine, part of the Estonian construction group Nordecon.
The land plot is suitable for commercial use (logistics, retail or
It is located next to Fozzy hypermarket, Amako agricultural machinery dealer and TNT Express logistics center. Co-investor search is ongoing.
KOMODOR WAREHOUSE COMPLEX
Komodor is one of the first Class A warehouse complexes in Kiev, and widely acknowledged for its high technical quality and professional management. The warehouse complex is located along the Zhytomir Highway, the main traffic artery between Kiev and Western Europe.
Operational since 2008, the facility of 68 000 square meters is almost fully leased to strong international and local tenants, such as Oriflame, Tarkett and Eldorado. Komodor was a jointly developed project of Vicus (40 %), PPF Real Estate (40 %) and Quadrum (20 %).
68 000 sqm
Oriflame, Tarkett, Eldorado
YEAR OF DIVESTMENT
In Narva, Estonia, Vicus had a shopping centre constructed for the Estonian Prisma hypermarket chain, subsidiary of the Finnish SOK. The area of the shopping centre is more than 13 000 sqm. AS Oma Ehitaja acted as the constructor. The shopping centre was opened in the beginning of October 2010.
Vicus sold the property to an Estonian real estate investment fund in January 2013.
13 000 sqm
YEAR OF DIVESTMENT
In 2005 - 2006, Vicus developed a portfolio of three commercial properties in Estonia and Latvia. The properties, fully leased to DHL, K-rauta and Efore, were divested in the end of 2007 to a German real estate investment fund.
The value of the portfolio was enhanced by strong tenant quality and high standards of construction. The investment in the development of the portfolio was highly successful with the annual return on equity exceeding 100 %.
Estonia and Latvia
YEAR OF DIVESTMENT
OPERA PASSAGE SHOPPING CENTER
3 000 sqm
YEAR OF DIVESTMENT
Vicus developed a shopping center project on the 3.1 ha site located in Pašilaičiai, Northwestern Vilnius, right next to the Vilnius Western Bypass, and sold it before construction phase to a local buyer in November 2016.