Power Place LLC, co-founded by Gennady Butkevich, co-founder of ATB Corporation and BGV Group Management, won the auction for the sale of the former sorting center of Ukrposhta JSC near the Lviv railway station with a bid of UAH 2.85 billion, which is 50 times higher than the starting price.
According to data on the Prozorro.Prozori platform, Power Place’s closest competitors in the auction were Intech Energo LLC and Kyivpasservice JSC with bids of UAH 1.1 billion, as well as ITek Systems LLC, which offered UAH 1 billion.
The area of the sold building is 5,600 square meters. The starting price was UAH 56.8 million.
According to the YouControl analytical system, the owner of Power Place LLC (Kyiv) is listed as City Estate Management LLC (100%), with Gennady Butkevich as the ultimate beneficiary.
In the summer of 2025, Power Place gained control of Zhytomyr Investments LLC. Earlier in April, Butkevych’s BGV Development opened its first shopping center, Zhito, in Zhytomyr.
As reported, in February 2026, Ukrposhta JSC put up for sale 20 unused real estate properties with a total area of 32,800 square meters.
