The National Asset Recovery and Manegement of Assets (ARMA) has announced a newcompetition to select the manager of the "Gulliver" shopping mall—one of the largest retail andentertainment centers in the heart of the capital. This high-profile asset is already listed on Prozorro.

The competition concerns the management of this large-scale asset, covering over 151,000 squaremeters, with a market value of 7.6 billion UAH according to an evaluation carried out by anindependent appraiser selected through a competitive process.

It should be noted that during the previous competition, which ended in March of this year, ARMA had to reject all three participants: LLC "BK 'MILLENNIUM'", the "ESPLANADE" MANAGEMENT COMPANY CONSORTIUM, and LLC "ALAKOR CITY". None of theapplicants met all the requirements of the tender documentation after a thorough review, includingwith the involvement of law enforcement and intelligence agencies.

Managing "Gulliver" is a responsibility to the state valued at 7.6 billion UAH, and the minimumexpected income from the asset is more than 17 million UAH.

In fact, the amount will be higher as, based on the results of the auction, the manager will berequired to pay over 70% of the profit to the state budget.

The National Agency categorically states that it will not allow entities associated with formerowners or affiliated with the russian Federation to manage seized assets. All participants undergostrict checks for integrity and compliance with qualification requirements.

The competition is not a lottery but a serious selection process, where every document and everydetail matters.

ARMA calls on the media and the public to join in monitoring the competition to protect the state'sinterests, as was done during the previous selection.