Prisma-Beta LLC, an affiliate of Panorama Group, has recently signed a general lease agreement with "Dniprovska Pristan" CJSC regarding the first construction stage of Trade-Entertainment Centre "SKY MALL" located at 2 Generala Vatutina Ave. in Dniprovskyi District of Kyiv.

The total area of the first stage construction amounts to approximately 38 000 sq. m., wherein leaseable area approximates 21 000 sq. m. The term of lease is 15 years. Simultaneously, Prisma-Beta entered into a sublease agreement with the anchor tenant of the hypermarket – a known network retailer O’KEY Ukraine LLC, with a sublease term of 15 years, as well as into a number of sublease agreements with other tenants of the shopping gallery being part of the first project stage.

Vasil Kisil & Partners are legal advisors on the project and represent Prisma-Beta in a number of matters involving review and reshaping of hypermarket investment and loan supply conditions, structuring of hypermarket management relations, elaboration of efficient scheme of lease and subleases, etc.

Services provided by Vasil Kisil & Partners throughout the project included drafting the general lease agreement and sublease agreement with anchor tenant and negotiating its conditions with the parties concerned, as well as drafting the template sublease agreement, amendments to investment agreement and other necessary legal advice.

Real estate partner Oleksandr Khomenko assisted by senior associate Alexander Borodkin led Vasil Kisil & Partners’ team which advised on the project.

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Vasil Kisil & Partners is one of the leading and long-established law firms in Ukraine that has impeccable reputation, unique expertise and is providing top quality services to its clients.  Founded in 1992, the firm has assembled a talented team of 55 experienced and skilled lawyers dedicated to the highest level of service adhering to internationally accepted professional and ethical standards. Vasil Kisil & Partners provides legal support to both Ukrainian companies operating abroad as well as foreign and international corporations doing business in Ukraine.

For additional information, please contact Tatyana Sabitova, PR & Communications Executive at:
Tel: +38 044 581-7777     Fax: +38 044 581-7770
sabitova@vkp.kiev.ua        www.kisilandpartners.com