The State Property Fund of Ukraine has announced the winner of the auction for the sale of the confiscated flat belonging to Russian propagandist Artemiy Lebedev on Saksahans’koho Street in Kyiv. At the auction on 28 October, a bid of 8,011,000 hryvnias was made for the property. The proceeds from the sale of the sanctioned property will, once the procedure is complete, be channelled to the Fund for the Elimination of the Consequences of Russia’s Armed Aggression for the reconstruction of Ukraine.
Briefly about the main points
- The winning bid for the flat was 8.011 million hryvnias.
- Two bidders took part in the auction via Prozorro.Sales.
- The lot’s price rose by 936,150 hryvnias from the starting price.
- The property was forfeited to the state pursuant to a decision by the High Anti-Corruption Court.
- Ownership will be transferred once payment has been made and the contract has been signed.
A second auction for the flat
The auction was organised by the State Property Fund of Ukraine via the «Prozorro.Sales» electronic system. The starting price for the lot was 7,074,850 hryvnias, so the final bid exceeded it by 936,150 hryvnias.
This was a second attempt to sell the property. The flat had previously been put up for sale with a starting price of 14.15 million hryvnias, but the auction did not result in a sale. Following this, the starting price was halved.
The two-storey premises were previously used as an office
The flat is situated at 26/26 Saksahanskoho Street, in the historic part of the capital. It spans two levels on the sixth floor and has a total area of 193.2 square metres.
The premises comprise three rooms, several offices, a kitchen, two bathrooms, three balconies and utility rooms. The State Property Fund of Ukraine rates the condition of the property as satisfactory. The Kyiv branch of the studio used to operate here Lebedeva. The building has been designated a listed building of local significance.
The property was transferred to the state under the sanctions procedure
The flat was confiscated and transferred to the state as part of the sanctions against Lebedev. The High Anti-Corruption Court issued the relevant ruling on 10 July 2023 in case No. 991/5824/23.
The basis for the confiscation was the Law of Ukraine «On Sanctions». According to the State Property Fund of Ukraine, the proceeds from the sale of such property are channelled to the Fund for the Elimination of the Consequences of Russia’s Armed Aggression.
The buyer must fulfil the conditions before the flat is handed over
The outcome of the auction does not yet constitute finalisation of the sale. The successful bidder must pay the full price of the flat within 25 working days of the minutes being drawn up.
Before the sale and purchase agreement is concluded, the buyer must also settle any outstanding utility bills. Once these conditions have been met, the parties will sign the agreement and the property will be handed over to the new owner in accordance with the handover certificate.
