Former Google CEO and his wife have invested in Ukrainian business centers: what we know
8 June 14:55
Eric Schmidt, the former CEO of Google, and his wife, Wendy Schmidt, have become co-owners of a portion of Dragon Capital’s real estate portfolio in Kyiv. This includes business centers, shopping and entertainment centers (shopping malls), and a logistics complex.
Forbes Ukraine reports this, according to "Komersant Ukrainian".
What is known about the deal?
According to Forbes Ukraine, the Schmidts now each control a 36% stake in seven companies within the group, which own the Eurasia and Prime business centers, the Piramida shopping and entertainment center and business center, as well as the East Gate Logistic complex.
Forbes Ukraine estimates this stake at $55–70 million.
Dragon Capital will continue to manage these properties. The deal was structured through a Cypriot holding company that controls the group’s Ukrainian assets.
In 2025, the profits of some of these properties increased significantly:
- Eurasia Business Center – by 24%, to 194 million UAH
- Prime Business Center – by 11%, to nearly UAH 95 million
- Piramida Shopping and Business Center – by 11%, to nearly 463 million UAH
- East Gate Logistic – by more than 10%, to UAH 138.8 million
In May 2021, Dragon Capital owner Tomas Fiala acquired 100% of the corporate rights to the publication “Ukrainska Pravda.” The editorial board signed an editorial agreement with the owner, ensuring the publication’s independence.
In the first half of 2025, the five largest shopping centers in Kyiv generated UAH 2.8 billion in revenue.
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What is known about Dragon Capital
Dragon Capital is one of Ukraine’s largest investment and financial groups. The company was founded in 2000 by Tomas Fiala, who remains its CEO.
The company’s main areas of activity:
- investment banking;
- asset and investment fund management;
- brokerage services on the stock market;
- direct investments;
- commercial real estate transactions.
Dragon Capital is one of the largest investors in commercial real estate in Ukraine. The company’s portfolio includes business centers, logistics complexes, and warehouse properties across various regions of the country.
Following the start of Russia’s full-scale invasion, the company continued its operations in Ukraine and implemented a number of investment projects. Dragon Capital also regularly publishes macroeconomic forecasts on the development of the Ukrainian economy, which are used by businesses, investors, and international partners.
The company is among the most prominent investment players in the Ukrainian market and collaborates with international financial organizations and foreign investors.
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