EconomyInvestments

Eight former prisons are to be sold this year,

Friday, April 23, 2021

Justice Minister Denys Malyushka writes on Facebook. Three – in Irpin, Lviv and Odesa – are already in the auction pipeline. The other five are to be transferred shortly to the State Property Fund. Pricing a former prison is proving tricky. For the prison ‘colony’ in Irpin, a fast-growing Kyiv suburb, the starting price was set at $7.8 million. After there were no bidders, the price was cut in half for an electronic auction in April. Once again, there were no bidders.

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