Shopping center “Respublika” will be sold at Dutch auction

SEC Republic (Kiev, St Ring road 1) will be sold at Prozorro. Sales by Dutch auction. About it on the page in Facebook said the Deputy managing Director of the Fund for guaranteeing deposits of natural persons Svetlana Rekrut.

According to a new auction is scheduled for December 13, 2018. The initial price of sale of the lot will be almost UAH 2.6 billion.

According to the Deputy Director of the Fund, previously held 4 auctions for the sale of this asset, but they proved fruitless. It was therefore decided to apply a Dutch model.

We will remind, the essence of the Dutch model of auction is that during the auction, it first declares the highest price of the goods sold, and then rates are reduced to the price which will accept the first buyer that the goods will be sold.

As previously reported, since the first auction on 7 July 2017 to February 2018 the value of the rights on shopping center “Respublika” has dropped almost 2.3 times (2,495 billion). In February there is talk that the unfinished Mall can purchase the owner of the DCH group Aleksandr Yaroslavskyy, but it never happened.

Details of the business of the shopping center “Republic” described in the article: “Fragments “of the Republic.” The guarantee Fund is trying to sell along with scandalous shopping Mall”.

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