Despite the fact that formally, according to YouControl, the legal entity "Investment Union "Lybid" is owned by the Swiss - Suzanne and Andrea Rishaal Wallabh, as well as Ukrainian businessman Vasily Khmelnitsky, the company is associated with the "group of the Rotenberg brothers" and the company of their business partners - TPS group.
Oleksandr Nosachenko, Managing Director of Colliers in Ukraine, who is also an adviser to the head of the State Property Fund on real estate issues, told Forbes about the state's future plans for a stake in Ocean Plaza.
He noted that among those objects that were confiscated in favor of the state, Ocean Plaza is currently the most expensive. In addition, it is in such physical and operational condition that it can be sold relatively quickly. At the same time, the goal of the state is to ensure that all property belonging to it brings the maximum possible income.
Alexander Nosachenko estimates the entire Ocean Plaza shopping center at more than $150 million, which means that the part confiscated in favor of the state should cost from $100 million.
According to Colliers forecasts, after the stabilization of the situation in the state, taking into account the possible pace of economic recovery, the net rental income in Ocean Plaza in 2026 could be from $20 million - according to the pessimistic scenario. Or up to $28 million under the basic realistic-optimistic scenario. For comparison: the mall in 2021 generated approximately $30 million.
According to Alexander Nosachenko, theoretically, the asset can be put up for auction in the third or fourth quarter of this year, provided that the deputies unblock large-scale privatization for the State Property Fund.
The expert is sure that this shopping center is one of the few in Kyiv that can really interest investors. The only problem is its high cost. Few investors in real estate in Ukraine can afford such an asset.
