DCH Group president Oleksandr Yaroslavsky has confirmed his intention to acquire a number of retail and other properties as he looks to add to his real estate portfolio. “As part of the development of DCH Real Estate, we are currently considering a number of projects and assets including the Respublica shopping and entertainment complex,” commented Yaroslavsky on 26 February.
The existing DCH Real Estate portfolio features the Karavan shopping center network, with complexes in Kyiv, Dnipro and Kharkiv. Other properties include the five-star Premier Palace Hotel Kharkiv and the Vozdvizhenka residential complex in Kyiv.
DCH Real Estate CEO Daniel Vladov confirmed that the group is stepping up its acquisition search. “We are constantly working on the development of the Karavan network while also considering the possibility of expanding our portfolio. At this point, we are analyzing the market and assessing a number of specific projects in order to make the right investment choices.”
Real estate market analysts argue that now is potentially an attractive time to make new strategic acquisitions. “There are currently numerous unfinished projects with major potential on the market,” commented RED Community managing partner Tatiana Shulga-Zabelska. “Given his available capital, Yaroslavsky is theoretically in a good position to move these kinds of projects forward.”
Additional real estate assets would certainly be in line with Yaroslavsky’s recent spending spree. In the past eighteen months, he has acquired Kharkiv Tractor Plant, Sukha Balka mine, and INGO Ukraine insurance company.
Yaroslavsky currently features in the Forbes magazine ranking of Ukraine’s Top 10 wealthiest business figures. He has been involved in a wide range of businesses via his DCH Group, which operates as a private equity fund with a diverse portfolio of assets in sectors including finance, manufacturing, mining, construction, transport, and sports.
His most prominent social initiative was the preparation of Kharkiv to serve as a host city during UEFA’s Euro 2012 football championship. Yaroslavsky invested more than USD 300 million into the city’s preparations, financing construction and redevelopment works that included the airport, stadium, and Kharkiv’s first five-star hotel.