State-controlled Ukrgasbank (Kyiv) will put about 180 real estate objects worth more than UAH 1.8 billion up for sale through electronic auctions on the SETAM site.
“We believe that now is the right time for the sale of assets. The country is showing the signs of macroeconomic stability, the business environment behaves more actively and is ready for implementation of new projects. We feel interest in assets of the banking sector, both from foreign and local investors,” JLL Head in Ukraine Dmytro Havrylenko said.
He said JLL would provide consulting support to Ukrgasbank in preparation for the auctions.
According to the expert, there are 68% of non-residential buildings in the bank’s portfolio being prepared for sale. At the same time, Kyiv accounts for 80% of the portfolio, the region for 14%, and other regions for 6%.
“Investors are interested in the property the bank sells. But often the sale of assets is non-public, confidential, and operations are often carried out behind the scene. Information about the assets is not regular, not complete and not accurate. As a result, it is impossible to make deliberate investment decisions,” the expert said. (Interfax/Business World Magazine)
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