For sale offered the Novy Simvol Bank (the New Symbol Bank) within the Third Ring Road in Moscow

The Auction House of the Russian Federation AHRF) scheduled biddings on behalf of the Deposit Insurance Agency (ASV).
For sale offered the property of the Novy Simvol JSC liquidated bank – a land plot with an area of 13.8 thousand sq. m with administrative and warehouse buildings, located on it.
Address: 8, Silikatny 2nd Proezd, Moscow
The plot is located in a district with developed infrastructure. In close proximity there are Moscow City business centre, elite RC Serdtse Stolitsy (RC Heart of the Capital) and building of the RF Government.
The Object has good transport accessibility: in a distance of 100 m there is an exit to Zvenigorod Highway, in 5 minutes there is Third Ring Road. In the distance of 4.8 km there is Garden Ring, in the distance of 3.5 km – Leningradskiy and Kutuzovskiy avenues. In walking distance there are subway stations and public transport stops.

The biddings will be held on 19th March at the ETP AHRF Electronic Trading Platform.
The starting price is 1.3 billion rubles.

A two-story bank building of C class, equipped with safe deposit vault, depository, cash-operation unit, safety systems of security and communication, certified by the Bank of Russia.
Condition of the warehouse buildings is unsatisfactory.

“Due to worsening transport situation in the centre of Moscow, location of the land plot within the Third Ring Road is attractive for future investments.
The Object could be efficiently used in current condition as an office of specialized credit company or a company headquarters. But, taking into consideration advantageous location, an investor can consider an option of construction on the plot a shopping centre or a business centre”, – comments Olga Zheludkova, Head of Department for Work with Troubled and Non-Core Assets of Banks.