Tuesday, May 26, 2026
Today's Edition

EveryNews

Stories that matter, signal over noise

Business

Sky Towers sold for the price of an empty plot — and went to a structure linked to the Zlochevsky family

A skyscraper that depreciated from 7.1 billion to 560 million hryvnias over 15 years has been purchased by a company linked to the daughter of Burisma's founder. The completion of construction will cost at least an additional $90 million.

Tetiana Suchkova-Ladik

By Tetiana Suchkova-Ladik

April 8, 2026 · 3 min read

Sky Towers sold for the price of an empty plot — and went to a structure linked to the Zlochevsky family
Фото: СЕТАМ

An unfinished Sky Towers complex on Beresteysky Prospekt in Kyiv has finally found a buyer after six failed or cancelled auctions. The winner of the OpenMarket bidding was LLC "Tech Invest Supply Plus" owned by Roman Chumak, who paid 560.47 million hryvnias. For this sum, you couldn't buy even a few elite apartments in new construction in Kyiv — but you can get an unfinished 47-story skyscraper with a total area of over 200,000 square meters.

Who is really behind the deal

Roman Chumak is not just an entrepreneur with spare cash. Until July 2025, through his company "Finance Accounting Consult," he controlled the financial company "Universal Company," which was later renamed Skyfol Finance and transferred to Anna and Karina Zlochevsky — daughters of Mykola Zlochevsky, founder of Burisma Group and former ecology minister.

The Zlochevsky family has been actively buying real estate in recent years. As LB.ua reported, in December 2023, a company connected to them, "Comfort Capital," purchased over 5,500 square meters of historic buildings in Podil. Now — potentially Ukraine's tallest skyscraper.

The Zlochevsky sisters are officially listed among the owners of "Comfort Capital," and the shareholder composition also includes "Poltava Drilling Company" from the Burisma group.

LB.ua, December 2023

A price that speaks for itself

In 2021, Ukreximbank put Sky Towers up for auction at 7.1 billion hryvnias. There were no buyers. Then came 5.6 billion, 1.1 billion, 937 million, 772 million, 662 million. Each new auction showed: the market either didn't believe in the project or was waiting for the right price. Ultimately, the property went for 560 million — that is, 12.5 times cheaper than the initial assessment.

Meanwhile, completion is a separate cost item. According to Andriy Ozeichuk, director of engineering and construction company Rauta, to bring the complex up to standard, approximately 91,680 square meters still need to be built. At a cost of $1,000 per square meter — that's a minimum of $91.7 million for construction alone, not including finishing and infrastructure.

What is this facility

Construction of Sky Towers was launched by KDD Group in 2007. The project envisioned two towers — 47 and 34 stories — retail space of 7,100 sq. m, an underground parking garage for 935 vehicles, and a fitness center. By 2014, over 20 floors had been built, then construction stopped. Today, the facility is approximately 40–51% complete, depending on the assessment methodology.

  • Land plot area: 0.74 hectares
  • Total construction area: over 219,000 sq. m
  • Office space in the project: 125,000 sq. m
  • Current completion: ~40–51%
  • Estimated completion cost: from $91 million

In 2021, Ukreximbank won a court case over credit debt and gained ownership of the unfinished building. The bank initiated all subsequent auctions — and ultimately sold the asset at a price that doesn't even cover the cost of completion.

Questions without answers

Zlochevsky is a man who was declared wanted in 2015 for illicit enrichment, and two years later all cases were closed. His gas business disappeared after the Burisma and Hunter Biden scandal. Now the family is building a real estate portfolio in Kyiv — quietly, through a chain of legal entities.

If the new owner truly intends to complete Sky Towers, he must attract at least $90–100 million in additional financing — and do so during wartime, when office real estate in Kyiv stands half-empty. The question is not whether there will be enough money: if construction doesn't begin within a year or two, it will mean the asset was purchased not to build.

Related

Latest

Business

EU Against Google: Why the Latest Fine Could Change More Than Previous Ones

# European Regulators Target Google Again — This Time Over Digital Markets Act Violations. What's Behind the Accusations and Why It Matters Beyond the Corporation European regulators have renewed their scrutiny of Google, this time focusing on alleged violations of the Digital Markets Act. The charges underscore Brussels' increasingly aggressive stance on big tech monopolies and what officials say are anticompetitive practices. The accusations center on how Google leverages its dominance across multiple digital services — from search to advertising to mobile platforms — to disadvantage competitors. Regulators claim the company is using its market power in ways that stifle innovation and limit consumer choice. The case carries significance far beyond Google itself. It signals how the EU is attempting to enforce its landmark Digital Markets Act, legislation designed to curb the gatekeeping power of tech giants. A potential penalty could set precedent for how other large technology companies face similar scrutiny. For consumers and smaller tech firms, the outcome could reshape the digital landscape by creating more room for competition. For Google, fines and operational restrictions could fundamentally alter its business model in Europe, the world's most stringent regulatory market. The case also reflects a broader geopolitical divide, with the EU pursuing a regulatory approach that contrasts sharply with the lighter-touch oversight favored in the United States.

May 26, 2026