The State Property Fund of Ukraine (SPFU) plans to put priority assets up for sale by the end of this year, specifically the Odesa Port Plant (OPP), the Mykolaiv Alumina Plant, and the “Ocean Plaza” shopping mall in Kyiv, said Fund Head Dmytro Natalukha at the Ukraine Recovery Conference (URC 2026) in Gdańsk, Poland, on Thursday.
“There are assets that were nationalized, either from Russia or from Russian citizens subject to sanctions. These include fertilizer production facilities, chemical plants, heavy machinery manufacturers, and so on. What they have in common is that they are large-scale and require fairly multi-level investment—capital investment—and we can identify which ones can be sold more quickly. And we plan to divest 7–8% of these assets this year,” he said during the conference.
Natalukha reported that, in particular, the Odesa Port Plant (OPZ) will be put up for sale in the third quarter.
He also noted that the Mykolaiv Alumina Plant, “a shopping complex nationalized from the Rotterberg brothers in Kyiv, and other valuable assets” are currently up for sale.
As previously reported, the published plan for preparing assets prioritized for sale in 2026 provides, in particular, the sale in September–October 2026 of OPZ JSC with a starting price of 4.3 billion UAH and Demurinsky Mining and Processing Plant LLC for 1.8 billion UAH, as well as the Kyiv-based “Ocean Plaza” shopping and entertainment center for 11.3 billion UAH in November–December.
In addition, an auction for the sale of Nikolayev Alumina Plant LLC is also scheduled for November–December.
Meanwhile, an auction is scheduled for August–September to sell Glukhiv Quartzite Quarry LLC with a starting price of 50 million UAH, and for September–October—Sumykhimprom JSC for 1.01 billion UAH and Motordetal-Konotop LLC for 390 million UAH.
The Gulliver shopping center has officially announced the reopening of stores belonging to one of the world’s leading fashion retailers. Starting today, key brands of the Inditex group—Massimo Dutti, Stradivarius, Bershka, Pull&Bear, Oysho, and Zara Home—are once again available to visitors.
The return of these brands is an important step toward restoring the shopping and entertainment center’s full-fledged fashion offering. For visitors, this means the return of familiar and beloved stores to a well-known location in the heart of the capital.
The resumption of cooperation with international retailers became possible after the property’s legal status was stabilized. Since July 2025, the shopping and entertainment center has been owned by Oschadbank and Ukreximbank due to the previous owner’s failure to meet its credit obligations. In October 2025, the court lifted the seizure of the property, after which the complex came under the management of state-owned banks.
“The reopening of Inditex stores at Gulliver is a clear indicator of confidence in the new landlord. Transparency of ownership and predictability of terms are key factors for global business. Today, we provide exactly these conditions, and it is paying off. We are pleased to see that world-class brands are betting on Gulliver and Kyiv shoppers,” said Arsen Milyutin, Deputy Chairman of the Board of Oschadbank, responsible for NPL operations.
The Inditex Group is a leading global Spanish fashion retailer and one of the world’s largest fashion manufacturers and distributors, managing brands such as Massimo Dutti, Bershka, Pull&Bear, Stradivarius, Oysho, Zara, and Zara Home.
Construction has begun on the Tera Hall shopping and entertainment center (Chernivtsi, 236 Ruska St.), with its opening scheduled for the third quarter of 2028, according to the press service of the consulting firm Retail & Development Advisor (RDA), which serves as the exclusive broker for the shopping center.
According to RDA CEO Andriy Lototsky, the total area of the four-story complex will be 16,150 square meters, with 11,600 square meters dedicated to retail. The shopping center’s anchor tenants will be the Silpo supermarket and the Kraina Mriy children’s entertainment center. Other retail chains will include stores selling clothing and footwear, home goods, household appliances, jewelry, books and stationery, as well as impulse-buy items and service providers. According to him, the project’s target audience will be families with children, motorists, and active young people aged 20–40, and the estimated projected traffic for the shopping center will be approximately 10,000 visitors per day on weekdays and 13,000–14,000 on weekends.
As Tera Hall Director Svitlana Gomeniuk clarified, the permit for the construction of the shopping center was obtained in January 2026, after which preparatory work began on the site. By the end of this year, the developer plans to complete the monolithic and main structural work.
“It is of fundamental importance to us that the complex complies with modern building codes, safety standards, and energy efficiency requirements. Solar panels are planned for its roof, which will ensure autonomous power supply, and heating will be provided by its own gas boiler room,” Gomenyuk said.
The preliminary design of the complex was developed in collaboration with the architectural firm Guess Line Arch. As part of the project, the developer will also build a large parking lot with 240 spaces; in case of air raid alerts, the shopping center will feature a shelter designed to accommodate 1,500 people.
Retail & Development Advisor is a Ukrainian consulting company that 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 shopping center development/leasing departments, market analytics, and more.
CHERNIVTSI, CONSTRUCTION, Kraina Mriy, SHOPPING MALL, Tera Hall, СИЛЬПО
A branded store of premium household appliances Dyson will open in Ocean Mall, the company’s representative office said.
“Dyson stands for innovation, style and impeccable quality in every detail. The hair dryers, stylers, vacuum cleaners and air purifiers that have conquered the world can now be tested and purchased at the new official Dyson store,” the representative office said.
The branded store will also offer the purchase of Dyson devices in installments or on credit.
Dyson is a British company that manufactures premium appliances. Dyson has opened up new approaches to traditional products, including cordless vacuum cleaners with low energy consumption, fans without blades, air purifiers, heaters, high-efficiency hair dryers, stylers and straighteners. Dyson products are currently sold in more than 70 countries.
Ocean Mall is a retail resort shopping center. The total area is 300 thousand square meters, with a parking lot for 4 thousand cars. The mall will combine 800 shops and 50 restaurants. Among the largest tenants are Silpo grocery supermarket, flagship stores of the world’s largest retailers in the segments of fashion, sports, and home furnishings. More than 30 thousand square meters in Ocean Mall are devoted to entertainment, including Galaxy amusement park for the whole family and a 7-hall multiplex cinema.
Source: https://interfax.com.ua/news/general/1086872.html
The Deposit Guarantee Fund (FGVFL) has put up for auction in the Prozorro.Selling system a number of assets of insolvent MR Bank, including the Magellan shopping and entertainment center (SEC) in Kiev at a starting price of UAH 498.3 million, according to a press release from the FGVFL.
The lot price is six times lower than the previous attempt to sell these assets in the autumn of 2022, when the starting price of the lot was 3.1 billion UAH.
The lot includes the receivables under credit agreements, receivables and real estate, including retail and entertainment center “Magellan” (Kiev, 13-B, Glushkov Ave, total area 28.5 thousand square meters) and a property complex of 13 thousand square meters in the village of Krupets in Khmelnitsky region.
As reported, the National Bank of Ukraine on February 25, 2022 revoked banking licenses and liquidated banks under the Russian Federation: JSC “International Reserve Bank” (formerly – Sberbank) and “Joint-Stock Commercial Industrial Investment Bank” (PJSC “Prominvestbank”), which is 99.77% owned by Sberbank and the State Development Corporation “VEB.
The Magellan shopping mall was previously among the assets of businessman Anatoly Yurkevich’s Krai group. In mid-September 2017, the AMCU granted permission to Sberbank PJSC (Kiev) to purchase the assets of Kray Property in the form of an integral property complex of the mall.
The auction will be held according to the English auction model on June 8.
The proceeds from the sale of assets will be directed by the Fund for settlements with creditors of “MR BANK” JSC.
The Ukrainian real estate investment fund Focus Estate Fund has acquired the Turawa Park shopping center in Opole (Poland) from the international investment management group abrdn for an undisclosed amount, the fund’s general partner Maksym Shkolnik has said.
“This is our fourth asset in Poland, and we plan to continue scaling our portfolio in the Polish market, where we have been present for more than five years,” he said.
BNP Real Estate, which operates the shopping center, brokered the deal. B2R Law, CSWP, Dentons, CMS and Gleeds advised on this transaction.
Turawa Park is a multi-format shopping center with a total area of over 35,000 square meters, which has more than 60 stores. It includes a gallery with an area of 18,000 square meters, a retail park of 8,000 square meters, and the area of DIY stores – 9,000 square meters. The parking area is designed for 1,320 cars.
Turawa Park’s anchor tenants are such well-known brands as Carrefour, Reserved, Sinsay, Media Expert, Action, Smyk. Other tenants are Rossmann, Big Star, C&A, Pepco, Levis, Sephora, Deichmann.
According to the press service of the fund, at the time of the acquisition, the total vacancy rate was 29%.
“We see good prospects in the value-added retail segment in which we operate. Custom retail parks and neighborhood malls have proven to be some of the most resilient classes during the pandemic. As for the deal itself, it was rather complicated, and I would like to thank the abrdn team for their professional and balanced approach,” Shkolnik said.
The fund’s portfolio includes three more shopping centers in Poland in the cities of Sandomierz, Zgorzelec and Bartoszyce.
At the end of 2021, Focus Estate Fund sold two of its retail properties in the Czech Republic to the DRFG investment group: Centro Ostrava Retail Park and Most Retail Park.
Focus Estate Fund is a real estate investment fund focusing on non-premium medium-sized retail properties in Central and Eastern Europe.
