Ocean Plaza is being prepared for sale at a privatization auction
The State Property Fund of Ukraine plans to put the Ocean Plaza shopping and entertainment center in Kyiv up for sale in the third quarter of 2026.
This was announced by SPFU Chairman Dmytro Natalukha during a press conference marking his first 100 days in office.
According to him, the estimated starting price of the property is approximately $100 million.
“This asset has an estimated value of about $100 million; this is the starting estimated value. We hope that it will be put up for a transparent auction in the third quarter of 2026,” Natalukha noted.
Ocean Plaza is one of Ukraine’s largest shopping centers. Its total area is 156,000 square meters, with a leasable area of about 70,000 square meters. The complex houses approximately 300 stores, and daily foot traffic reaches about 20,000 people. It also features one of the largest aquariums in Eastern Europe.
The State Property Fund is also preparing to sell a number of large state-owned assets in 2026, including:
- Sumykhimprom
- Demuriv Mining and Processing Plant
- Odesa Port Plant
- Mykolaiv Alumina Plant
- Indar Plant
According to officials, some of the facilities are already well-prepared for privatization, and negotiations with potential investors are ongoing.
Ocean Plaza was nationalized in 2023. Prior to this, the shopping center operator had significant debts to a company linked to Russian oligarch Arkady Rotenberg. Part of the debt has already been repaid following court rulings.
Investors highlight the property’s prime location and high foot traffic as key factors in its investment appeal.
Earlier, the Cabinet of Ministers approved a decision to sell the Ocean Plaza shopping and entertainment center in Kyiv. The property is planned to be sold through an open auction organized by the State Property Fund of Ukraine. The sale is expected to take place in accordance with the procedures established by law, with full compliance with all privatization procedures.
We previously reported that a car rammed into the Ocean Plaza shopping and entertainment center in Kyiv.
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