Kyiv’s Gulliver shopping and office center put up for sale at around €181 million

One of Ukraine’s largest office and retail centers, Gulliver, located near the Palats Sportu metro station in central Kyiv, has been put up for sale.

The auction will be held at the Ukrainian Universal Exchange on October 1.

The starting price of the asset is 9.235 billion hryvnias — approximately €181.1 million.

The sellers are state-owned banks: Oschadbank holds 80% of the complex, while Ukreximbank holds the remaining 20%. Both banks seized the property over debts owed by the former owner. Ownership of the complex was officially registered to Oschadbank and Ukreximbank on July 26.

The previous owner of Gulliver was businessman Viktor Polishchuk, associated with the company TRI O and the Eldorado retail chain. He lost control of the asset after his companies stopped servicing loans from the state banks during the war.

Last autumn, a corporate conflict erupted around the complex: Oschadbank representatives blocked the entrance to the shopping center from early morning and prevented a number of employees from accessing their offices. Oschadbank subsequently officially confirmed the closure of the Gulliver shopping center due to a corporate dispute, emphasizing the temporary nature of the measures taken.

Previously, the director of the Gulliver shopping center was served with a suspicion notice for tax evasion amounting to nearly 146 million hryvnias.