Large-scale bidding to sell one of the capital's largest shopping and entertainment complexes, Gulliver, via the Prozorro.Sale system has ended in failure. As of September 30, 2026, not a single potential investor submitted an application to participate, meaning the auction with a starting price of 207 million US dollars officially did not take place.
Background and Transfer of the Asset to State Banks
Recall that in 2025, the Gulliver shopping mall legally passed into the ownership of two major Ukrainian state financial institutions — Oschadbank and Ukreximbank. This event was preceded by protracted legal battles against companies owned by former owner Viktor Polishchuk, who also owns the well-known Eldorado retail chain. State banks were forced to take the large-scale asset onto their balance sheets to protect their financial interests.
Oschadbank's Reaction and Position
Commenting on the disruption of the first bidding round, Oschadbank CEO Yuriy Katsion noted that putting the complex up for open sale has already become an important step for the financial market. According to bank management, despite some business interest, investors remain extremely cautious due to major wartime risks in the country. For state structures, it is critically important to ensure maximum transparency in the subsequent realization of the asset to replenish the state budget through taxes and dividends.
Next Steps and Strategy
In the current situation, the supervisory boards of Oschadbank and Ukreximbank will take responsibility for determining the future fate of the major capital asset. New decisions will be made taking into account current market conditions, the real level of security risks, and the overall investment climate in Ukraine.
