Dear Partners,
We are reaching out to you in connection with the recent developments related to the registration of ownership rights to the Gulliver shopping and office complex in favor of the state-owned banks — JSC “Oschadbank” and JSC “Ukreximbank.”
First and foremost, we want to reassure you: nothing changes for you, our tenants. The team of LLC “Tri O” continues to carry out its responsibilities with full commitment, ensuring the uninterrupted and stable operation of the complex, as well as providing a smooth and comfortable transition process. We are making every effort to ensure that your business continues to operate in the usual manner with the highest level of services and technical support.
The asset transfer process is currently underway but has a purely technical character. In accordance with Article 770 of the Civil Code of Ukraine, in the event of a change of ownership of a leased asset, the new owner automatically assumes the rights and obligations of the previous lessor. This rule is general and provides no exceptions, even if ownership was transferred as a result of foreclosure, for example, under a mortgage agreement.
The lease agreements concluded between LLC “Tri O” and the tenants do not contain provisions for termination in case of a change of ownership. Therefore, all agreements valid as of July 26, 2025, remain in force. They continue to be effective in full, with the only change being that the lessors are now JSC “Oschadbank” and JSC “Ukreximbank” in a proportion of 80/20, respectively.
This legal position is also supported by the Supreme Court. In its ruling dated June 22, 2022, in case No. 904/5429/18, which addressed relations between a tenant of real estate and a bank that foreclosed on the property under a mortgage agreement, it was clearly stated: the transfer of ownership of the leased property is not grounds for termination of the lease agreement. The new owner is obliged to fulfill all its terms until the end of its validity or termination on other grounds. This approach is confirmed in other court decisions as well.
Therefore, we once again emphasize: your lease agreements remain valid, their terms remain unchanged, no new agreements need to be signed due to the change of ownership, and your right to use the leased premises is indisputable.
We are convinced that calm, professional, and responsible cooperation among all parties is the best way to preserve Gulliver’s status as the central business hub of the capital.
All current services, technical support, security, communications, and marketing assistance are functioning as usual. We deeply value your trust, long-term partnership, and strive to maintain stability for each of you in these challenging times.
At the same time, we declare that LLC “Tri O,” while remaining open to dialogue with creditors, will continue to take all legally available measures to restore its rights to the asset.
Sincerely,
The Team of LLC “Tri O”
