Business news from Ukraine

SE “SETAM” sold property worth UAH 22 billion

23 May , 2024  

The State Enterprise “SETAM” (Ministry of Justice of Ukraine) has sold property worth over UAH 22 billion at the OpenMarket electronic auction. Since 2014, more than 83 thousand successful auctions have been held.

Due to competition at the auctions, sellers received an additional UAH 2.3 billion. The average price increase for sold lots is 11.8%.

The auction user base is the largest in Ukraine. Today it includes more than 101 thousand participants, and new ones are added every day. Most lots (68.5% of the total) were sold at online auctions by the State Enforcement Service and private executors.

Among the categories of property sold, most of them were real estate, vehicles and other property.

“Step by step, we are improving the auction and seeing the results of cooperation with both public and private enforcement officers and partners in the area of voluntary sale. Since the beginning of this year alone, we have already managed to sell rights of claim  under the agreements of individual borrowers for UAH 13.1 million, premises in Kyiv  for UAH 25.2 million, a complex of buildings and premises in Lviv region for UAH 22.6 million, and many other expensive properties. We would like to thank our buyers for their trust in our electronic auction. We will continue to work,” said Oleksandr Mamro, CEO of SE SETAM.

We remind you that SE “SETAM” works in the following areas:
– Sale of seized property by public and private executors, as well as property confiscated by court decisions;
– Sale of bank assets and claims;
– Holding auctions for the sale of property at the request of individuals and legal entities (voluntary sale);
– Holding auctions for lease of property;
– Sale of rights to enter into financial leasing agreements.

The most expensive lots sold for all time:
Building No. 4 and land plot in Kyiv.
Sale price: UAH 563,710,000.
Link to the auction:

The building of a hotel, office and retail and office complex in Kyiv.
Sale price: UAH 334,925,314.
Seller: JSC Ukreximbank.
Link to the bidding process:

Two land plots in Kyiv region.
Sale price: UAH 308,523,316.
The seller: Oschadbank JSC.
Link to the auction:

The OpenMarket auction (SE SETAM of the Ministry of Justice of Ukraine) is a simple and effective means of selling and purchasing property via the Internet. The online auction has been operating throughout Ukraine since 2014. The total amount of sales since its launch is UAH 22 billion.

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