VICUS LIMITED
DIVESTED INVESTMENTS
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 sqm 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 %).
LOCATION
Kiev, Ukraine
ANCHOR TENANTS
Oriflame, Tarkett, Eldorado
GLA
68,000 sqm
YEAR OF COMPLETION
2008
PRISMA HYPERMARKET
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 square meters. 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.
LOCATION
Narva, Estonia
GLA
13,000 sqm
YEAR OF COMPLETION
2010
BALTIC PORTFOLIO
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 %.