Ocean Plaza

KAN Development and UDP, in a joint venture, opened Ocean Plaza on November 19, 2012, near Kyiv’s Lybidska metro station, on a site whose retail ambitions date back to the mid-2000s under the working name Lybid Plaza, a considerably larger, roughly one million sqm project presented at MAPIC in Cannes in both 2007 and 2008 before the global financial crisis interrupted developer interest in taking a stake. The property’s DB address, “Horkogo Street,” reflects the pre-renaming Soviet-era name for what is now Antonovycha Street, part of Ukraine’s broader street decommunization program.

Russian businessman Arkady Rotenberg’s TPS-Nedvizhimist bought a controlling 66.65 percent stake in the property’s ownership structure in 2012; Ukrainian businessman Vasyl Khmelnytskyi separately acquired a 33.5 percent minority stake in 2019, later selling it to entrepreneur Andriy Ivanov’s Lanita Invest in 2021. Following Russia’s full-scale invasion in 2022, Ukraine’s High Anti-Corruption Court ruled in March 2023 to confiscate the Rotenberg-linked majority stake as state property; it now sits with the State Property Fund of Ukraine, which has scheduled the stake for privatization, with a starting auction price set at roughly UAH 11.3 billion as of mid-2026 reporting, alongside Lanita Invest’s continuing minority position.

At roughly 165,000 sqm of total built area, the seven-storey property carries more than 300 stores and 30 restaurants, anchored by an Auchan hypermarket, with Cinema City’s 4K multiplex and a 350,000-litre public aquarium, among the largest of its kind in Eastern Europe, as major additional draws. Ukraine’s first 7D cinema and, in 2013, its first Cinnabon café both debuted at this property, and it set a Ukrainian Book of Records mark in 2017 when more than 100,000 visitors came through on a single Black Friday.

That ownership arc, from a Russian-controlled asset to a state-confiscated one now headed for privatization, mirrors the wider reshuffling of Russian-linked Ukrainian real estate since 2022, and gives this entry a genuinely unusual current status among shopping centers in this catalog: majority-owned by a national government pending sale, rather than by a conventional private operator.