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
profitably.
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.
CURRENT INVESTMENTS
PULKOVO SKY
Pulkovo Sky
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. Gazprom is the anchor tenant in the business center. 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 2011, it was chosen by the end users as the best business center in St. Petersburg. In 2017, it was nominated as one of the Top 100 office properties in Russia. Pulkovo Sky is a joint project of EKE Group (60 %) and Vicus (40 %).
Please visit Pulkovo Sky's website at www.pulkovo-sky.ru
LOCATION
St. Petersburg, Russia
GLA
45 000 sqm
ANCHOR TENANT
Gazprom
OPENING YEAR
2009
4DAILY MALL
Vicus participated in the development of a 100 000 sqm multi-functional area project in Mytischi, one of the fastest growing cities in Moscow Region 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.
The
first phase of the area project, a 55 000 square meters
4Daily Mall was
opened for public in April 2017. 4Daily is jointly owned by Vicus, SRV
and the Russian non-governmental pension fund Blagosostoyanie managed by Trinfico.
Please visit 4Daily's website at www.4daily-mall.ru
LOCATION
Mytischi, Moscow Region, Russia
GLA
55 000 sqm
ANCHOR TENANTS
Miratorg and Zamania
LAND PORTFOLIO, UKRAINE
DIVESTED INVESTMENTS
MIRA DEVELOPMENT
Vicus participated in the development of a 100 000 sqm multi-functional area project in Mytischi, one of the fastest growing cities in Moscow Region 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.
The
second phase of the area project, Mira Development, comprises a site of 1.4 ha with a building permit for 42 000 square meters
of
commercial premises. Vicus divested its stake in Mira Development in the end of 2018.
LOCATION
Mytischi, Moscow Region, Russia
GLA
42 000 sqm
YEAR OF DIVESTMENT
2018

COMMERCIAL SITE, KIEV
Vicus participated in the development of 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
offices).
Vicus divested its stake in the project in the end of 2018.
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 %).
LOCATION
Kiev, Ukraine
GLA
68 000 sqm
ANCHOR TENANTS
Oriflame, Tarkett, Eldorado
YEAR OF DIVESTMENT
2017

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 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.
LOCATION
Narva, Estonia
GLA
13 000 sqm
YEAR OF DIVESTMENT
2013

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 %.
LOCATION
Estonia and Latvia
YEAR OF DIVESTMENT
2007


OPERA PASSAGE SHOPPING CENTER
LOCATION
Lviv, Ukraine
GLA
3 000 sqm
YEAR OF DIVESTMENT
2009

OLINDA SITE
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.
LOCATION
Vilnius, Lithuania
YEAR OF DIVESTMENT
2016
