The National Asset Recovery and Management Agency (ARMA) has appointed a manager for the iconic Trade Union Building located at 2 Independence Square in Kyiv. The 13,892.2 m² building is an important administrative and historical site located in the heart of the capital.

The competition was held in an open format through the Prozorro system, which guarantees transparency and equal conditions for all participants.

Before announcing the management tender, ARMA conducted an independent assessment of the asset's value by engaging a qualified appraiser. According to the assessment, the market value of the Trade Union Building was determined at UAH 850 million.

According to the results of an open tender on the Prozorro platform, the «Management Company CAMPARITET» consortium won among four bidders.

From now on, according to the terms of the management agreement, 89.85% of the asset management income will be transferred to the State Budget of Ukraine. At the same time, regardless of the financial performance, the manager is obliged to transfer a guaranteed payment to the budget in the amount of 1,591,224.04 UAH on a monthly basis.

As a reminder, the House of Trade Unions was transferred to ARMA's management based on a ruling of the Pechersk District Court of Kyiv. Earlier, ARMA provided an inspection of the asset, its independent evaluation and prepared all the necessary documentation for the tender.