The Antimonopoly Committee of Ukraine (AMCU) has allowed businessman Vadym Hryhoriev’s Zhytomyr Furniture Plant to buy real estate in Kiev, which was sold by the State Property Fund (SPF).
The corresponding decision of the AMCU approved July 6, reported on the website of the agency.
Earlier, Zhytomyr Furniture Works won the FGI auction on privatization of the historic building of the former Hermitage Hotel in Kiev on May 25. As reported by the FGI in June, the investor paid UAH 373 million to the state budget for the acquired asset.
The winner of the auction is obliged to apply to the relevant cultural heritage authority and conclude a protection agreement within a month after the registration of ownership of the privatization object.
Experts interviewed by Interfax-Ukraine estimated the necessary initial investments in the restoration of the buildings of the Hermitage Hotel at EUR8-10 mln.
The buildings were erected in 1902-1904 according to the project of Kiev architect Andrei Ferdinand Krauss – the author of many buildings constructed in the capital at that time. The house was one of the best hotels in the city “Hermitage”. The owner of the house was a millionaire and brick manufacturer Jacob Bernard. The end wall in the 1960s was decorated with a mosaic panel “Ukrainian Song” by Stepan Kirichenko.
These buildings have a protected status. In 1998 they were included in the list of historical and cultural monuments of local importance by the order of Kyiv City State Administration.
According to Opendatabot data, Zhytomyr Furniture Factory PJSC (ZhMK JSC), registered in 2003, authorized capital is UAH 4.9 mln. The ultimate beneficiary is Vadym Grigoriev.
At the end of 2021, the FGVFL sold the main office of VTB Bank, located at the intersection of Pushkinskaya Street and T. Shevchenko Boulevard in the center of Kiev, to Diprobudmashina PJSC of businessman Vadym Grigoriev for UAH 294.3 million at the auction “Prozorro.Sales”.
Previously, Grigoriev has already acquired part of VTB Bank’s assets: business center “Incom” for UAH 390 million and office center (6, Vatslav Havel Blvd., Kiev) for UAH 351 million, as well as Kiev business center “Renaissance” from Alfa Bank.
Grigoriev is also the owner of Merx Group after buying out Valeriy Khoroshkovskyy’s stake in 2004.
