27.07.2011

The Auction House of the Russian Federation to hold first auction for sale of property in Moscow

On 26 July in Moscow, at the Moscow branch of the Auction House of the Russian Federation, the conference “Effective privatization of property of Moscow” was held, organized by the Auction House of the Russian Federation and Kommersant publishing house.

At the conference, the first lots were presented that were transferred by the Moscow government for sale at auctions of the Auction House of the Russian Federation. They are 49% of shares in Ilinskoe Podvore (starting price – 1.491 billion rubles), 9.64% shares of WTC (starting price – 1.445 billion rubles), and 40% of shares in the October Cinema Center (starting price 796 million rubles).

The auction will be held on 6 October at the Moscow office of the Auction House of the Russian Federation.

The Auction House of the Russian Federation was selected by the operator for sale of property of Moscow based on a competition held by the property department of the city of Moscow. In total, the AHR is supposed to realize 10 properties by 15 December 2011.

Detailed information: http://www.auction-house.ru/news/27-07-2011/2899