One of the most recognizable symbols of Kyiv's architecture and the capital's largest business center — Gulliver — is preparing for a change of ownership. The supervisory boards of the state-owned Oschadbank and Ukreximbank officially approved the decision to sell the complex at their meeting on July 31. This event marks the final chapter in a long history of lending and subsequent debt recovery.

History of the conflict and transfer of ownership

The fate of the Gulliver building is closely intertwined with the activities of Ukraine's banking sector. As early as 2006, a consortium of state banks began financing the construction of this large-scale project. The building was officially commissioned in 2014, becoming an important element of the city's infrastructure.

However, the project's financial stability was disrupted in 2024. Starting in June, the borrower, the company LLC "Tri O," began reducing loan payments and eventually ceased servicing the debt entirely. This forced the banks to take strict measures: in March 2025, the procedure for foreclosure on the mortgage property was initiated.

The result of these actions was a change in ownership rights. On July 26, 2025, ownership of the complex transferred to the banking consortium. Currently, the ownership structure is as follows:

  • 80% of the asset belongs to Oschadbank;
  • 20% of the asset is controlled by Ukreximbank.

Sale conditions and prospects

The state banks plan to conduct the sale of the asset transparently and openly. The lot will be published in early September 2026 in the "Prozorro.Sales" electronic system. The starting price for the complex is set at $207 million.

Experts and bank representatives emphasize the attractiveness of the object for potential investors. Gulliver is located in the center of Kyiv and covers a total area of more than 157,000 square meters. Functionally, the object combines the features of a shopping and entertainment center with a modern business center.

High foot traffic is a key factor in its value. According to Oschadbank, more than 150,000 people visit or pass by the complex daily. This makes Gulliver one of the busiest locations in the capital.

Operational challenges

Despite active planning for the sale, the operation of the object has faced serious difficulties in recent months. At the end of October 2025, it was announced that the complex's operations were suspended. The cause of the shutdown was the actions of the previous owners, who obstructed the normal operation of the premises. This incident only underscores the relevance of finding a new responsible owner capable of returning the object to full operation.