01/06/2007 The London Stock Exchange is delighted to welcome Dragon-Ukrainian Properties & Development plc to AIM.
1 June 2007
The London Stock Exchange is delighted to welcome Dragon-Ukrainian Properties & Development plc to AIM.
Dragon-Ukrainian Properties & Development plc (DUPD) has been established to pursue investment opportunities in the rapidly growing Ukrainian real estate market. The company raised US$208 million through their IPO, which makes it Ukraine’s largest real estate IPO to date.
DUPD’s investment focus will be on the development of new properties and re-development of existing ones in the retail, office and warehousing markets. The company will also pursue investments in alternative real estate projects, such as acquiring land suitable for developing residential projects.
“We are delighted to announce the start of dealings of DUPD shares on AIM“, the Chairman of the Board the company, Mr. Aloysius Wilhelmus Johannes van der Heijden says, adding “The development of Ukrainian real estate market continues in a great pace. DUPD intends to stay at a forefront of such development by pursuing projects, which will target attractive yields for our shareholders.”
Zimmerman Adams International is acting as a nominated advisor and broker of the company.