Business news from Ukraine

Business news from Ukraine

PrivatBank has put up for auction one of largest shopping centers in Dnipro – Priozerny

29 July , 2024  

JSC CB PrivatBank has put up for sale through the OpenMarket electronic trading system (SE SETAM of the Ministry of Justice of Ukraine) the shopping center “Pryozernyi” in Dnipro. The sale of one of the largest and most attractive shopping centers for retail development in Dnipro is part of the bank’s program of selling non-operating real estate under a transparent and open bidding procedure.

Built in 2009, Priozernyi shopping center is the third largest shopping center in Dnipro (over 32 thousand square meters) and has six above-ground floors and an underground floor with a parking lot and a shelter for visitors during air raids.

“PrivatBank has successfully defended in court the ownership of the Priozerny shopping center, which was transferred to the bank’s balance sheet as collateral for loans before the bank’s nationalization,” says Olena Yevtushenko, Head of Real Estate Management at PrivatBank. – “Retail is not a banking business, so today we are offering a very interesting object at an open auction that can become one of the leaders in the market of retail and entertainment services.

“SETAM has successful experience in selling similar lots from the balance sheets of banks across Ukraine, including PrivatBank. For our part, we guarantee open access to all those wishing to participate (citizens and business representatives) in the auction and an open bidding process,” said Oleksandr Mamro, CEO of SETAM.

The unique advantages of Priozerny shopping center are its convenient location in the city center near the Central Market and railway stations. Also, Priozerny shopping center is currently the only shopping center in the city that has both retail space, office and warehouse space, as well as entertainment and sports areas with swimming pools and a SPA zone.

Depending on the format and size of the outlets, the shopping center can have up to 100 tenants. The shopping center has six elevators and four escalators, a central entrance equipped with a ramp, underground parking for 100 cars, as well as a ground parking lot with 40 parking spaces.

The starting price of the lot is UAH 430,060,700.00 including VAT. The date of the electronic auction is August 28, 2024 (lot No. 556963), the guarantee fee for participation: 5% of the initial sale price of the property (UAH 21,503,035), which will be credited to the sale price.

The lot consists of a shopping center with a total area of 32,408.7 sq.m. located at 1 Maidan Ozernyi (Bobrova) Str., Dnipro, and 12 land plots. In addition to the lot price, the successful bidder is obliged to purchase fixed assets worth UAH 2.2 million including VAT.

Detailed information and conditions of participation in the auction are available here.

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