A public and commercial center with a total area of 9,924.5 square meters, located in Mykolaiv on Heroes of Ukraine Avenue, has been put up for sale on the OpenMarket electronic auction after being seized by a private enforcement agent. The public and commercial center.
“Such properties can become important points of economic recovery. The open auction format creates competitive conditions for attracting investors and the further effective use of commercial real estate,” said Roman Osadchuk, CEO of SETAM.
The auction is scheduled for February 5, 2026, with a starting price of UAH 103.3 million, including VAT.
The property includes two full floors, a superstructure, and a large number of retail, administrative, warehouse, and technical premises. The building is equipped with engineering networks, an autonomous boiler room, water and electricity supply systems, ventilation, and has significant space for tenants.
The design and layout allow the property to be used as a shopping and entertainment center, logistics or service complex, business hub, or multifunctional commercial space.
The OpenMarket electronic auction has been operating in Ukraine since 2014 and is a convenient tool for purchasing and selling property online. In total, assets worth over UAH 26.7 billion have already been sold through the system.
Fixed rental rates for shopping mall stores with an area of 50-200 square meters per year have increased by 1.3% to $22.4 in 2025 from $22.1 in 2024, the UTG press service told Interfax-Ukraine.
“Next year, we can expect a slight increase in rent of 2 to 5%, depending on the region. Further growth in shopping center maintenance costs (OPEX) and mandatory additional costs for uninterrupted power supply will undoubtedly increase the tenant’s overall costs. Currently, there are more significant factors that may influence further increases in rent payments. These include: growing demand among tenants to open stores for network development, a decrease in the supply of high-quality space, and the entry of new operators into Ukraine,” commented UTG Director Yevgeniya Loktionova.
She specified that among the factors stimulating the growth of rates, first of all, is the steady increase in demand for high-quality space from retailers.
According to UTG’s research, as of December 2025, the highest fixed rental rates were for kiosks (1-10 sq. m) – from $70 to $250 per sq. m/month (excluding VAT and EP), for fashion galleries – up to $32, fashion department stores – up to $18, grocery supermarkets, cafes, and restaurants – up to $15. (excluding VAT and EP), fashion galleries – up to $32, fashion department stores – up to $18, grocery supermarkets, cafes, restaurants – up to $15, electronics supermarkets – $8, children’s entertainment centers – $6, movie theaters – up to $6 per sq. m per month.
Overall, the market shows cautiously optimistic trends at the end of 2025. Average daily attendance is growing, although pre-war figures have not yet been restored. For example, the regional format is 680 people per 1,000 sq m GLA in 2025, compared to 660 in 2024 and 760 in 2021. The regional format is 318 in 2025, 308 in 2024, and 407 people per 1,000 sq m GLA in 2021.
As of December 2025, 12.8% of space in the capital’s shopping centers was vacant, compared to 13.1% in 2024 and a de facto vacancy rate of 21.4% at the end of 2022. According to UTG estimates, the temporary closure of the Gulliver shopping center had a minor short-term negative effect, with a de facto vacancy rate of 13%.
In terms of formats, the highest vacancy rate was in regional shopping centers – 14.9%, in district shopping centers – 13.9% of space was vacant, in specialized shopping centers – 10.1%, and in district shopping centers – 6.5%.
UTG was founded in 2001. It has developed over 1,300 real estate concepts. Over the years, the company has leased 4.7 million square meters of commercial space in Ukraine.
In Uzhhorod, construction has begun on a new retail park on the Kyiv–Chop highway, with its opening scheduled for summer 2026, according to consulting company Retail & Development Advisor (RDA), which is the exclusive broker for the retail property.
“Construction work on the site has already begun. The first phase of the project will involve the construction of a 3,500 sq m retail park and a sports area with football and paddle tennis courts, while the second phase will involve the construction of auxiliary premises,” said RDA CEO Andriy Lototsky.
This retail park will be built on the city’s bypass road, on the Kyiv-Chop international highway. This location is notable for its convenient transport links and high traffic volume (about 45,000 cars per day). A parking lot for 120 cars is planned near the retail park.
RDA has already begun the process of brokering the commercial property. The retail park’s tenants will include stores selling household goods, sportswear, and footwear, as well as fashion retailers, according to the announcement.
According to Lototsky, the rental space is planned to be transferred to retail operators for adaptation in May next year, and the official opening of the park is scheduled for August 2026.
Retail & Development Advisor (RDA) is a Ukrainian consulting company founded in 2013. It provides a full range of services in the field of retail and office real estate. It offers services in architectural concept development, brokerage, property management, outsourcing of the development/leasing department of shopping centers, and market analytics.
The Brocard perfume store chain is preparing to open a store with an area of over 1,000 square meters in the Ocean Mall shopping center, based on the new Beauty Garden concept, the company’s press service told the Interfax-Ukraine news agency.
“We are preparing to open Brocard in the new Beauty Garden concept. This is a different, more ‘young’, more emotional Brocard in terms of both style and content. Different colors, different design, but the same: the best brands, only original products, only official supplies, real beauty experts, and an exclusively transparent and responsible business,” said Olena Lada, director of strategic development at Brocard.
All key brands have been retained in the new format and are presented in separate personalized corners. The company is also actively working to attract new categories and brands to the concept, including those that are not traditional for Brocard’s audience: pharmacy care, dietary supplements, professional hair care brands, sexual wellness products, and an expanded range of accessories.
According to Olena Lada, the new format will help visitors experience the beauty of the world of perfumes and cosmetics, try products for every taste and at every price point.
“We want every customer to feel welcome, so we have completely rebuilt our approach to service,” she said.
For example, you can get a free skin and hair diagnosis and choose the best fragrance for yourself through the exclusive “Perfume Sommelier” service.
Brocard Business Manager Yuriy Gatkin explained the choice of Ocean Mall shopping center by positive partnership experience.
“We have been working with this team since 2003, since the opening of our first joint project in the Mandarin Plaza shopping center. Since then, we have agreed that we will be present in each of their facilities. It is a matter of trust, professionalism, and strategic partnership. Today, we are present in Mandarin and Blockbuster, and we are planning to open in Ocean Mall—and this is definitely not the end. We are confident in the quality of the projects and that we are moving forward together,” said Gatkin.
Brocard-Ukraine is an operator in the luxury segment of the Ukrainian perfume and cosmetics market (Brocard and Kiehl’s brands, the Brocard.ua online store, and the Brocard mobile app). The company has 68 stores in 22 cities across Ukraine, over 1,600 employees, and more than 2.5 million regular customers. The chain’s stores carry more than 480 brands of premium cosmetics, perfumes, skin and hair care products, and beauty accessories, including more than 100 niche perfume houses.
The ultimate beneficiary of the Brocard holding, which includes Brocard-Ukraine and Exagon, is French citizen Philippe Benacin, one of the key players in the global perfume and cosmetics market, chairman of Philippe Benacin Holding, and director of Interparfums SA.
Ocean Mall is a retail resort-style shopping center. Its total area is 300,000 square meters, with parking for 4,000 cars. The shopping center will combine 800 stores and 50 restaurants. Among the largest tenants are the Silpo grocery supermarket and flagship stores of the world’s largest retailers in the fashion, sports, and home goods segments. More than 30,000 square meters of the Ocean Mall shopping center is reserved for entertainment, including the Galaxy amusement park for the whole family and a 7-screen multiplex cinema.
The Asset Recovery and Management Agency (ARMA) has valued the Gulliver shopping center (Tri O LLC, Kyiv) at UAH 7.6 billion and is preparing a tender to select a manager, the ARMA press service reports. The press release specifies that the appraiser, Business Consulting PE, selected in a transparent tender, provided the National Agency with an appraisal report and a review of the report dated October 9, 2024.
According to the appraisal, the value of the Gulliver shopping center is UAH 7.6 billion. After processing all the information and preparing the tender documents, ARMA will announce a tender to select a facility manager. The Gulliver Multifunctional Complex (MFC) was transferred to ARMA by the decision of the Shevchenkivskyi District Court of Kyiv on June 3, 2024 and the Kyiv Court of Appeal on June 25, 2024.
Earlier it was reported that on June 3 this year, the Shevchenkivskyi District Court of Kyiv granted the request of the Prosecutor General’s Office to transfer Gulliver to the management of ARMA. The prosecutor’s motion concerned only the transfer of property to ARMA for management, not for sale. In addition, the court ordered ARMA to carry out periodic (at least once a month) checks on the effectiveness of the asset management.
The asset owner announced its intention to appeal the decision to the Court of Appeal. The Prosecutor General’s Office filed the motion as part of a criminal investigation by the Bureau of Economic Security (BES) into possible tax evasion by IFC’s management of almost UAH 146 million. The BES issued the relevant suspicion to IFC Director Gulliver in May 2023. On April 9, 2024, the Kyiv Court of Appeal granted the prosecutor’s motion and decided to seize the property of Tri O LLC, including the Gulliver shopping and office center in the capital.
Earlier, the investigation of the program “Schemes” reported on the company’s financial obligations to state-owned Oschadbank and Ukreximbank in the amount of UAH 14 billion. It was alleged that the actual owner of IFC is the former owner of Mykhailivskyi Bank, Viktor Polishchuk. However, the state register lists Vyacheslav Ihnatenko as the ultimate beneficiary.
The IFC press service noted that Three O fulfills its obligations to Oschadbank and Ukreximbank to repay loans: in 2023, UAH 300 million was paid, and UAH 700 million is scheduled for repayment in 2024. The company believes that the withdrawal of Gulliver from the ownership and management of Three O’s could pose a threat to the fulfillment of obligations to banks.
Gulliver mixed-use development in the Pechersk district of Kyiv was opened in 2013. Its area is 151.8 thousand square meters. The construction of Gulliver was financed by Oschadbank, which provided a $460 million loan to Tri O LLC. The debt restructuring procedure under the loan agreement with the mortgage of the Gulliver shopping center in the amount of UAH 18 billion 176.9 million was completed in 2020.
Itown Mall will appear in Odessa as part of the ITown Residential Complex (Sofievskaya Street, 1a), scheduled to open in the fourth quarter of 2024, the press service of the Ukrainian Trade Guild (UTG) told the Interfax-Ukraine agency, which is the developer of the concept and exclusive broker of the shopping center.
According to the press release, ITown Mall has three ground floors and two underground floors. GBA The total floor area (GBA) is 20,962 square meters and the leasable area (GLA) is 15 thousand square meters. The minus second floor will house home goods stores and a sports complex, the minus first floor will house a supermarket, the upper floors will house clothing and footwear department stores and technology stores.
The project of ITown business class residential complex is realized by “Prostir” group of companies. The residential complex includes five 9-25 storey residential buildings with a total of 378 apartments. According to the developer’s concept, in addition to housing and shopping center, the complex will also include class A offices, a university, scientific laboratories, an apart-hotel, a co-working space with a swimming pool on the roof, a cinema, a museum, etc. The project will be located in the center of the complex. Residential section E will be commissioned in 2023, and two more sections are scheduled for commissioning in 2024. UTG was established in 2001. It has developed more than 1300 real estate concepts. Over the years, the company has leased out 4.7 million square meters of commercial space in Ukraine.
