In brief

• Ukraine's State Property Fund sold the confiscated Kyiv flat of Russian propagandist Artemiy Lebedev on October 28.
• Two bidders competed, and the price rose from 7,074,850 UAH to 8,011,000 UAH.
• The buyer is a company whose co-owner had earlier refused to pay for the same flat.
• The 193.2 square metre apartment on Saksahanskoho Street was forfeited under a High Anti-Corruption Court ruling.

Auction result

The State Property Fund sold the flat at an online auction on October 28, on its third attempt (Квартиру пропагандиста Лєбєдєва в Києві продали бізнесмену, який вже відмовлявся за неї платити – zaxid.net). Two bidders competed for it (За квартиру російського пропагандиста у центрі Києва запропонували 8 млн грн – 3m2 – 3m2.ua). The starting price was 7,074,850 UAH, and the winning bid reached 8,011,000 UAH (Квартиру пропагандиста Лєбєдєва в Києві продано за 8 млн грн - Главком – glavcom.ua).

Who bought it

The winner is a company whose co-owner had previously refused to pay for the same property (Квартиру російського пропагандиста в Києві продали за 8 млн грн – попередній покупець уже відмовлявся платити | Mind.ua – mind.ua). The auction was the third attempt to sell the asset.

Payment terms

Before a sale contract is signed, the buyer must clear outstanding utility debts on the flat.

The property

The apartment covers 193.2 square metres on two levels of the sixth floor of a six-storey building on Saksahanskoho Street, in Kyiv's historic centre. It has three rooms, studies, a kitchen, two bathrooms and three balconies, and is in satisfactory condition. The asset was transferred to state revenue under a High Anti-Corruption Court ruling as part of sanctions enforcement. The flat housed the office of Lebedev's design studio.

Key figures

• Starting price: 7,074,850 UAH
• Winning bid: 8,011,000 UAH
• Increase over starting price: 936,150 UAH

Wider sale

On the same day the fund held several privatization auctions for sanctioned and state-owned assets, including this flat (На аукціоні продали київську квартиру російського пропагандиста Лєбєдєва – ukrinform.ua).