The Asset Recovery and Management Agency (ARMA) announces a competitive selection of a manager for the House of Trade Unions in the center of Kyiv.

The administrative building is located at 2, Independence Square, on the corner of Khreshchatyk Street and the passage between the Heavenly Hundred Heroes Alley and Mykhailivska Street. The total area of the building is: 13,892.2 square meters.

Earlier, ARMA announced a competition for the appraiser of this asset. The winner, selected on a competitive basis, conducted an independent appraisal of the asset, which determined its value at UAH 850 million.

All interested parties who meet the qualification requirements can participate in the selection. Foreign businesses can also participate in the selection of the asset manager. Earlier, ARMA settled the issue with the Ministry of Economy for foreign investors.

After conducting market consultations, establishing criteria and qualification requirements, ARMA will publish the asset on Prozorro.

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