The capital shopping center Ocean Plaza and the hotel "Ukraine" are put up for sale

A new stage of "great privatization" is beginning in Ukraine, which attracts significant attention of investors and the public. As part of this process, several iconic properties are put up for sale, including the Ocean Plaza shopping and entertainment center and the Ukraina hotel in the center of Kyiv.

This was announced by the Chairman of the Finance Committee of the Verkhovna Rada, Danylo Hetmantsev, in his Telegram channel.

According to Hetmantsev, the first five objects have already been announced for sale, and their implementation will be carried out through the online platform "Prozorro.Prodazhi". Among them are two objects that were in state ownership:

  • Hotel "Ukraine" on Maidan Nezalezhnosti in Kyiv. The auction will take place on September 18 with a starting price of 1.05 billion hryvnias.
  • United Mining and Chemical Company is the largest producer of titanium ore extraction and beneficiation. The auction is scheduled for October 9 with a starting price of UAH 3.9 billion.

The other three objects belonged to sanctioned persons and were transferred to the state by the decision of the High Anti-Corruption Court:

  • Manufacturer of aerated concrete products LLC "Aerok".
  • The developer of the titanium and zirconium deposit LLC "Demurinsky GZK".
  • "Investment Union "Lybid" LLC, which owns the Ocean Plaza shopping center.

As Hetmantsev explained, the funds from the sale of the first two objects will go to the state budget of Ukraine, while the funds from the sale of the other three objects will be directed to the Fund for the Liquidation of Consequences of Armed Aggression.

It will be recalled that in June 2023, Ukraine nationalized billion-dollar assets of Russian oligarchs, including the Kyiv Ocean Plaza mall, which previously belonged to the brothers Arkady and Igor Rotenberg. In March 2023, the High Anti-Corruption Court transferred these assets to the state, and now the Ocean Plaza shopping center will be put up for auction.

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