Business news from Ukraine

Business news from Ukraine

Oschadbank puts up for sale Atmosfera shopping center and Ramada Encore Kyiv hotel

26 September , 2024  

JSC “Oschadbank” has re-launched the Atmosfera shopping center and Ramada Encore Kyiv hotel and the rights of claim to Niteko Company LLC for UAH 1.018 billion through the OpenMarket electronic trading system (SE “SETAM” of the Ministry of Justice of Ukraine), the SETAM service reports.
The lot includes real estate in Kyiv, 103 Stolychne Shosse (buildings 1, 2, 3, 4), including an administrative and hotel center with a total area of 39.6 thousand square meters (Ramada Encore Kyiv), a two-level parking lot, and the Atmosphere shopping center with a parking lot with a total area of 48.5 thousand square meters. The lot also includes the sale (assignment) of the right of monetary claim to Niteko Company LLC.
“One of the biggest advantages of the lot is its location at the intersection of three major highways towards the elite villages of Obukhiv district and Koncha Zaspa. It is an excellent choice for shopping and recreation due to the large number of popular shops, food courts and entertainment areas. This makes Atmosfera a profitable business that has already gained a reputation and is known not only in Kyiv but also abroad,” said Oleksandr Mamro, CEO of SETAM.
The guarantee fee is UAH 50 million 905 thousand 257. The auction is scheduled for October 18, 2024.
In March 2024, when Oschadbank first put up for sale the mall and hotel at 103 Stolychne Shosse, the lot also included 11 land plots in Kozyn with a total area of 17.3 hectares for residential construction. The starting price of the full lot was UAH 1.79 billion.
According to Opendatabot, the owner of Niteko Company LLC is FC NGI Management LLC, and the ultimate beneficiary is Dmytro Buriak. At the end of 2023, the company reduced its net loss by 4.9 times compared to 2022 – to UAH 70.2 million, while net income increased by 69% to UAH 146.2 million.
As reported, Wyndham Hotel Group (WHG) opened its largest four-star hotel under the Ramada Encore brand in June 2012 as part of the Stolychnyi mixed-use complex (formerly Domosfera) at 103 Stolychne Shosse in the Holosiivskyi district of Kyiv.
The 22-storey hotel has 332 rooms and 58 apartments. The hotel’s infrastructure includes a conference center with a total area of more than 4 thousand square meters with 20 meeting rooms, a two-level parking lot for 1150 cars, two fitness centers, restaurants, a sushi bar and a summer terrace. The hotel is managed by DBI Hotels & Resorts (Switzerland).
The Atmosphere shopping and entertainment center (SEC) in Stolychny was opened on April 12, 2014. The mall has about 50 premium shops and boutiques, a food court, an entertainment zone, a karting center, a fitness center, a cinema with restaurant service and an event hall with 800 seats.
The developer of the project is DeVision Group. The mixed-use complex also includes Domosfera shopping center with a leasable area of 30.7 thousand square meters, opened on May 16, 2009, and Europe, a B+ business center with a total area of 22 thousand square meters and a parking lot for 300 cars. The total area of the mixed-use complex is 158.2 thousand square meters.

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