Announced the date of the auction for selling the factory Krasnoye Znamya (Red Flag) in the center of St. Petersburg

On 17 December the Auction House of the Russian Federation (RAD) has announced the auction for selling the territory for housing of the business class construction. Land plots with a total area of more than 3 he are situated in the historic center of St. Petersburg.
Address: 53, Pionerskaya street (the former territory of the factory Krasnoye Znamya).
Starting price – 1.08 billion rubles.

It is possible to connect to central communications (electricity, water supply and sewerage).

Taking into account the existing Town-Planning Regulations and Restrictions, the future owner will be able to carry out on the territory the project, combining apartment blocks and commercial development with a total area up to 85 thousand sq. m. Land plots, belonging to the property complex to be sold, located in the area of objects of multifunctional public and business development and residential buildings.

The area to be sold is located in the block of buildings bounded by Chkalovsky avenue, Pionerskaya, Korpusnaya and Bol’shaya Raznochinnaya streets. In five-minute walking distance is the metro station Chkalovskaya, in 15 minutes – metro station Sportivnaya.
Nearby is the Bol’shoy avenue of Petrogradskaya Side, which connects the Petrogradsky district and the north of the city with downtown and Vasilievsky Island.

The object surrounding is predominantly residential and commercial development (business and shopping centers). In addition, there are educational and medical institutions, kindergartens, shops, cafes and restaurants.

Plots are sold together with the buildings located on them, where the total area of premises used is more than 38 thousand sq.  m.