25 October 2025

Sale of a hotel in the center of Odesa for Kaufman's debts fell through

(PHOTOS: Prozorro.Sale)

The State Savings Bank failed to sell the right to claim mortgage debts and pledges, including premises in an architectural monument in the center of Odesa, from the Quad Construction Company.

This was reported in the Prozorro.Sale system.

The auction was canceled due to the lack of participants. The starting price of the claims was UAH 346 million 529.3 thousand. According to the YouControl service, Quad Construction Company LLC was founded by Cyprus-based Fesanes Commercial Ltd. and L.A.R.K. LLC, the latter founded in Kyiv in 2008 and the ultimate beneficiary is Borys Kaufman.

The property is up for sale:

Assignment of a claim is a transaction where a creditor assigns a third party's debt to a new creditor with or without prior or subsequent compensation of the value of such debt to the creditor.

In February 2024, Oschadbank had already put up for sale loans owned by Odesa-based businessman Boris Kaufman, including the Londonskaya Hotel and an office building on Lidersovsky Boulevard. But there were no bidders then either.

Кирило Бойко

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