Oschadbank, Ukreximbank selling Gulliver shopping mall for UAH 18.18 bln
State-run Oschadbank and Ukreximbank have put rights of claim under a loan agreement with Kyiv-based Gulliver shopping mall's mortgage up for sale through SETAM's OpenMarket system for UAH 18.177 billion.
The lot includes a 1.14 ha plot of land on Kyiv's Sportyvna Square, a trading and office complex with a parking lot with a total area of 151,800 square meters, a 0.11 ha plot of land for construction of a new trading and office complex, and 100% of corporate rights in the borrower's charter capital, says an announcement posted on the trading platform.
The auction is scheduled for October 16. Bids are accepted until October 15.
The initial price does not include VAT. It also includes the remainder of the debt for a loan and will be reviewed by the date of the auction, although a possibility of cutting it is not foreseen.
The term for conclusion of the contract and payment the lot value by the winner is 30 working days from the date of selecting the winner.
According to the terms of the auction, the sellers may refuse to enter into an agreement with the winner of the auction if the latter has a negative business reputation or is associated with a borrower or guarantor.
The owner of the Gulliver multifunctional complex is TRI O LLC.
As reported, in January 2017, Kyiv's prosecutor office reported about the repeated arrest of the Gulliver multifunctional complex by the court in a lawsuit regarding the seizure of funds of Bank Mykhailivsky and bringing the bank to insolvency. On November 14, 2016, Ukraine's Prosecutor General Yuriy Lutsenko wrote on his Facebook page that Shevchenkivsky District Court of Kyiv seized the property of Viktor Polischuk. However, in December 2016, Kyiv's court of appeals denied the affiliated of TRI O LLC with Bank Mykhailivsky or Ekosipan LLC (the key shareholder in the bank).
TRI O LLC was founded in 1995.
The key participants as of September 2018 were Mobile West LLC (40.6%, Kyiv), Budleigh Coast Limited (18%), Virgin Islands), Podemos (22%, London, Britain), Lavish Ventures Limited (9.2%, Virgin Islands) and Hetiber Finance Limited (10%, Cyprus).
The ultimate beneficiary is Viacheslav Ihnatenko.