---
title: "Kyiv's Gulliver Shopping Mall Put Up for Auction: State Banks Ask $207 Million for the Complex"
description: "State-owned Oschadbank and Ukreximbank have put Kyiv's Gulliver shopping mall up for open auction with a starting price of $207 million. The proceeds will be directed to the state budget in the form of taxes and dividends."
date: 2026-08-31T12:34:00.000Z
lang: en
url: https://xab.info/en/posts/kyiv-gulliver-mall-auction-207-million-dollars
tags: [gulliver, oschadbank, ukreximbank, shopping-center, kyiv, auction, real-estate]
publisher: "XAB.info"
---

# Kyiv's Gulliver Shopping Mall Put Up for Auction: State Banks Ask $207 Million for the Complex

![Gulliver shopping mall in Kyiv with Oshadbank signage against a blue sky — the complex is put up for auction at $207 million](https://xab.info/media/2026/08/31/trc-gulliver-vystavili-na-auktsion-207-mln-dollarov/trc-gulliver-vystavili-na-auktsion-207-mln-dollarov-1.webp)

## 🎯 Key Points

- Oschadbank and Ukreximbank have put Kyiv's Gulliver shopping mall up for open competitive auction with a starting price of $207 million.
- The complex transferred to the ownership of the state banks in late July 2025 due to the company "TRI O"'s failure to meet its credit obligations on 2006 loans.
- The proceeds will be directed to the state budget in the form of taxes and dividends.
- Previously, Gulliver had temporarily suspended operations due to the previous owners blocking critical infrastructure.

State-owned Oschadbank and Ukreximbank have put the Gulliver shopping, entertainment and business centre in Kyiv up for open sale. According to Oschadbank's press service, the starting price of the lot is $207 million. RBC-Ukraine reports this. Thus, one of the capital's largest retail properties is entering the market, having remained at the centre of disputes over credit obligations and collateral for nearly two decades.

### Mechanics of open auctions

Oschadbank emphasised that the sale of the complex will be conducted through open competitive bidding. According to bank representatives, this format is intended to ensure transparent pricing and equal access for all potential participants. Oschadbank Chairman Yuri Katsion noted that a transparent auction will help establish the true market value of the property and attract both domestic and foreign investors to the bidding.

### The history of the collateral: from "TRI O" to the state

The Gulliver complex was pledged as collateral for loans that Oschadbank and Ukreximbank extended to the company "TRI O" back in 2006. Due to the failure to meet credit obligations, the shopping and entertainment centre transferred to the ownership of the state banks in late July 2025. From that moment, the property effectively became an asset managed by the state, and its sale turned into a tool for returning funds to the public sector.

### Where the proceeds will go

Oschadbank clarified that the proceeds from the sale will be directed to the state budget in the form of taxes and dividends. This means that the auction result will directly affect the funding of the state budget, and the final price of the lot will serve as an indicator of how the market values Kyiv's largest shopping mall under current conditions.

### Contradictory data

Different publications cite the starting price of the lot in different currencies: RBC-Ukraine, the Ministry of Finance and Ukrainskyi Novyny state $207 million, whereas the headline of a 24 Kanaly article mentions a sum of 9 billion hryvnias. In essence, this is not a contradiction but a difference in how the same price is expressed: at the current exchange rate, $207 million corresponds to roughly 8.5–9 billion hryvnias. Nevertheless, it is important for readers to understand that the official starting price, as recorded in the auction documents, is stated in dollars, while the hryvnia figure is its approximate equivalent.

### Context: disruptions to the complex's operations

Previously, RBC-Ukraine reported that Gulliver had temporarily suspended operations due to systemic obstacles from the previous owners, who blocked access to critical infrastructure and technical premises. This episode underscores that the transfer of the property to state ownership was accompanied not only by legal but also by practical difficulties that the new owner will need to take into account when returning the complex to normal operation after the auction concludes.

## 🔍 Fact-Check Verification

- [Gulliver shopping mall put up for auction: what is the starting price](https://www.rbc.ua/ukr/news/trts-gulliver-vistavili-auktsion-ka-startova-1788179184.html) - Первичный источник: пресс-служба Ощадбанка, стартовая цена 207 млн долларов, принцип открытых конкурентных торгов, цитата Юрия Кациона, история залога по кредитам 2006 года компании «ТРИ О» и переход объекта в конце июля 2025 года, а также временная приостановка работы из-за блокировки инфраструктуры.
- [Who will buy "Gulliver": Kyiv's largest shopping mall put up for auction for 9 billion hryvnias](https://24tv.ua/business/ru/trc-gulliver-v-kieve-vystavleno-na-prodazhu-chto-govorjat-v-oshhadbanke_n3133120) - Подтверждает факт аукциона и статус объекта как крупнейшего ТРЦ Киева; приводит стартовую цену в гривневом эквиваленте (9 млрд гривен), что согласуется с 207 млн долларов при действующем курсе.
- [One of Kyiv's largest shopping malls put up for auction: starting price — $207 million](https://minfin.com.ua/2026/08/31/180760722/) - Независимое подтверждение стартовой цены 207 млн долларов и факта выставления на аукцион.
- [Gulliver shopping centre put up for sale for $207 million](https://ukranews.com/news/1172051-kompaniya-tok-gulliver-vystavlena-na-prodazhu-za-207-mln-dollarov) - Независимое подтверждение цены 207 млн долларов и факта продажи.

## ❓ FAQ

### Q: What is the starting price of the Gulliver shopping mall at the auction?
**A:** The starting price is $207 million, which in hryvnia terms corresponds to roughly 9 billion hryvnias.

### Q: Who put the complex up for sale?
**A:** The complex was put up for open competitive auction by the state-owned Oschadbank and Ukreximbank.

### Q: Why did Gulliver transfer to the banks' ownership?
**A:** The complex was pledged as collateral for loans extended to the company "TRI O" in 2006. Due to the failure to meet credit obligations, the property transferred to the ownership of the state banks in late July 2025.

### Q: Where will the money from the sale go?
**A:** The proceeds will be directed to the state budget in the form of taxes and dividends.