Epicenter has acquired a group of buildings of the former Alta Center Shopping Mall located near the Petrivka metro station in Kyiv. The operations of Alta Center as a shopping mall have thus been terminated. Obviously, the buyer will use the vacated buildings and land plots to build its own hypermarket.

Vasil Kisil & Partners acted as a legal counsel to Epicenter. In particular, VKP’s lawyers advised on structuring the transaction, including the procedure for settlements and provision of security for the parties’ obligations, drafted all necessary preliminary and definitive property purchase agreements, payment security agreements and other transaction documents, as well as participated in negotiations on them. In addition, VKP provided legal advice on the termination of operations of Alta Center, re-execution of land lease agreements and compliance with the antitrust laws when entering into the agreements, etc.

Vasil Kisil & Partners’ project team included Alexander Borodkin, partner, Anna Sisetska, counsel, and Mykola Boichuk, associate.

Epicenter K LLC is the largest Ukrainian DIY retail chain and the leader of the DIY retail market in Ukraine.

Vasil Kisil & Partners Advises Epicenter on Acquisition of Alta Center