Sale of Gulliver via Prozorro: Bank Reveals New Details
17 April 07:55
Oschadbank plans to put the Gulliver shopping and entertainment center in Kyiv up for sale in the near future. The sale is to be conducted via auction on the Prozorro platform. The asset in question was previously seized due to an unpaid loan. This was announced by Oschadbank CEO Yuriy Katsion at the Forbes Banker forum, according to "Komersant Ukrainian"
According to him, despite resistance from the former owner, the bank is preparing to announce the start of the complex’s sale in the near future.
When Oschadbank will put Gulliver up for sale
According to the head of Oschadbank, the bank plans to officially announce the start of the sale of the Gulliver shopping and entertainment center via an auction on the Prozorro platform in the near future.
Thus, one of the capital’s most famous shopping and entertainment centers may change hands as a result of an open auction sale.
Why is the Gulliver shopping and entertainment center being sold through Prozorro
As explained, the sale is related to the fact that the asset was foreclosed due to an outstanding loan that financed the construction of the shopping and entertainment center.
The bank notes that the asset was transferred to state-owned banks based on a mortgage clause under the Mortgage Law, without court proceedings.
Preparations for the foreclosure of Gulliver began as early as November 2024, and the procedure itself started in March 2025.
Who currently owns the Gulliver shopping and entertainment center
As part of the procedure, the asset was transferred to Oschadbank and Ukreximbank.
Businessman Viktor Polishchuk, who provided a personal guarantee for the loan, is considered the former actual owner of Gulliver. The official owner of the asset was Vyacheslav Ignatenko’s company “Tri O.”
In addition to Oschadbank, the state-owned Ukreximbank also acted as a lender for this project.
What is happening with Gulliver after foreclosure
According to Yuriy Katsion, the former owner continues to try to obstruct the operation of the shopping and entertainment center. A significant number of legal disputes related to the complex’s operation are also ongoing.
Despite this, since February 1, the Gulliver shopping and entertainment center has been operating as usual, and most tenants have already returned to their premises.
This indicates that the facility’s operations have stabilized following the period of difficulties that accompanied the transfer of the asset to state-owned banks.
What problems arose after the asset was transferred to the banks
After Gulliver was transferred to the banks’ ownership, problems arose with the transfer of the complex’s critical systems.
Specifically, these include:
- dispatching;
- power supply;
- security systems;
- technical documentation.
The bank emphasizes that this posed risks to the facility’s normal operation. It was precisely due to these circumstances that the shopping center temporarily suspended operations on October 30, but subsequently resumed its activities.
Why the Gulliver case is important for the banking sector
The CEO of Oschadbank considers the Gulliver case important not only for the bank itself but also for the investment climate and the entire banking sector.
According to him, the situation demonstrates that the bank managed to repossess the collateral despite the former owner’s resistance. This, in the opinion of Oschadbank’s CEO, is an example of the functioning of the institution for the protection of creditors’ rights and may influence lending practices in Ukraine.
What “Tri O” is saying
Tri O previously stated that it would take all measures provided by law to restore its rights to the asset.
Thus, the situation surrounding Gulliver involves not only asset management but also a legal dispute that could influence how the situation unfolds.
What is known about the Gulliver shopping and entertainment center
Gulliver is one of Kyiv’s most famous shopping and entertainment centers. Its sale through Prozorro could become one of the most high-profile deals in the commercial real estate market.
Given the scale of the property, its location, and its long history of loans and ownership changes, the upcoming auction will attract significant attention from the business community, the banking sector, and potential investors.
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