The Deposit Guarantee Fund has put up for auction on June 6 a loan secured by a functioning shopping complex building and land plots in Kyiv Oblast

The initial price of the lot is 22 million UAH, which corresponds to the size of the total debt under the loan agreement

The security for the loan agreement includes land plots, with a total area of almost 0.9 hectares, and a building of a shopping and entertainment complex, with an area of almost 13.4 thousand square meters. All the pledged assets are located in the territory of Khodosivska rural council (suburb of Kyiv).

This is reported by the Deposit Guarantee Fund.

It is noted that as of today, shops are present on three floors of the shopping complex, where one can purchase goods for the home, including furniture, decor items, and more.

The auction is planned to be conducted using the English auction model.

Both legal entities and individuals can participate in the auction, except for borrowers and guarantors for loans, persons from the russian federation or associated with the aggressor state.

The Fund emphasises that rights of claim for loans, not collateral property, are put up for sale. Therefore, the winner of the auction will gain the right to demand repayment from the debtor, in particular through the enforcement of collateral property, including in court.

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