PJSC Ukrposhta on August 27 signed a tenancy agreement for 1,500 square meters at the first floor of the building of the Central Post Office located in Khreschatyk Street in Kyiv with Rozetka.Ua LLC (both based in Kyiv) after holding the tender on an electronic platform.

"The winner of the auction was selected on the ProZorro.Sales platform. As a result of the bidding, the price increased 31% from the starting price and amounted to UAH 1.001 million per month for renting 1,510 square meters of space. The agreement is concluded for a period of 60 months," Ukrposhta said in a report.

According to the report, in general, the sum of the contract for the entire period will be more than UAH 70 million, taking into account the annual indexation of the rent, while the cost of maintaining the property will be paid in addition to the rent, depending the actual use indicators.

"Ukrposhta is realizing a large-scale project in the field of managing its own real estate portfolio. For the first time the company optimizes the area of its premises and will receive large funds from the rental - more than UAH 70 million under one contract. We also hope for a synergistic effect from renting the premises by the largest online store in Ukraine - Rozetka: the purchases made here can be immediately sent to any part of the country. For Ukrposhta customers, the work of the post office will also become more convenient: all services can be obtained in one operating room, which will shorten the service time," Ukrposhta CEO Igor Smelyansky said.

According to the terms of the tender, the winner must repair the premises, including the reconstruction of the electricity supply network, and keep them in proper technical condition during the term of the lease.

According to the report, Ukrposhta will use the raised funds to develop its infrastructure and network: opening new branches, updating the material and technical condition of existing ones and improving the working conditions for production personnel.