Economy

One of the largest shopping malls in Kyiv will be put up for sale at a privatization auction in the second half of 2024.

Monday, December 18, 2023
One of the largest shopping malls in Kyiv will be put up for sale at a privatization auction in the second half of 2024.

The State Property Fund of Ukraine (SPFU) conducted an Ocean Plaza shopping center inventory, including financial liabilities. This is one more step toward the sale of the shopping center, but going to auction is possible no earlier than the second half of 2024, said the head of the SPFU, Vitaliy Koval.

He explained that to start the auction procedures, the SPFU will appoint new management, re-elect the directorate, create a supervisory board, and change the management company, which had a Russian footprint.

The book value of the state-owned portion (66.65%) of the shopping center is ₴1.3B. Earlier, the SPFU noted that the asset will be offered at the auction at this price.

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