The territory of the plant named after Karl Marx sold at the auction

On 18 September the Auction House of the Russian Federation (RAD) has sold at the auction a complex of buildings with total area of 30.3 thousand sq. m with land plots with total area of 7.8 he in Vyborg district of St. Petersburg at the address:
Bol’shoy Sampsonievsky Ave., 68.
Three contenders took part in the auction.
The auction winner – LLC “Otdelstroy” – purchased the lot for the amount of 1.26 billion rubles.

The territory comes under the project for concept of development of Vyborgskaya Side. The concept of the territory development involves a step-by-step shift from industrial zone to zone of administrative and business activities, creation on the territory, including Vyborgskaya embankment in downtown of St. Petersburg, with business centers, shopping complexes, entertainment establishments.
On the sold territory the future owner can carry out projects of housing, public and business development.

The area is situated in rapidly developing district of the city, in block of buildings bounded by Bol’shoy Sampsonievsky avenue, Kantemirovskaya street, Vyborgskaya embankment and street named after Alexander Matrosov.
In walking distance to there is metro station “Lesnaya”, in fifteen-minute driving – downtown of the city.

On the sold territory all the buildings are not architectural monuments and can be demolished.
At the moment the object is provided with all engineering services. Specifications for connection to power, gas and water supply networks are obtained.
Estimated height of the buildings is 45 m with a local increase of the buildings height to 62 m.

“By the area of the plot and the volumes of investments – this year this is the first major transaction in the historical part of St. Petersburg.
In addition, today's bidding shows that investors are actively interested in objects under redevelopment and consider them to be attractive with regard to investment. This factor is very important, taking into account a necessity of development of former industrial areas”. (Konstantin Rayev, First Deputy Director General of RAD).