State-owned Oschadbank and Ukreximbank will put Kyiv’s Gulliver shopping and business complex up for sale in early September, with a starting price of $207 million, the banks said in a joint statement. The supervisory boards of both lenders approved the sale in late July.
The lot will be sold through the Prozorro.Sales system, which the banks said ensures open access for potential buyers, competitive price formation, and transparency at every stage of the deal. The statement was published on Oschadbank’s website on July 31.
The sale caps a nearly two-decade banking saga. A consortium of state banks began financing construction of the Gulliver complex in 2006, and it opened in 2014. Three O LLC, the borrower, began reducing loan payments in June 2024 before halting debt servicing entirely.
The two banks launched foreclosure proceedings on the mortgaged property in March 2025 after what they described as a full breakdown in cooperation with the borrower. Ownership of the complex passed to the bank consortium on July 26, 2025, once legal procedures were completed: Oschadbank received an 80% stake and Ukreximbank the remaining 20%.
Gulliver is one of the capital’s best-known commercial properties, spanning more than 157,000 square meters (1.7 million square feet) and combining a shopping and entertainment center with office space. Located in central Kyiv near three metro stations, the complex sees daily foot traffic of more than 150,000 people, according to the banks.
Source: kyivpost.com
