A working Burevestnik BC near Alexander Nevsky Bridge was sold

The Auction House of the Russian Federation (AHRF) on behalf of Burevestnik Investment Centre JSC (a part of ALROSA Group) sold the company's property on the Neva embankment in St. Petersburg.
The Object – Burevestnik six-storey business centre of C class with the area of 9.4 thousand sq. m. (rentable area – 6.9 thousand sq. m.) and the right to rent (until 2049) a land plot with an area of 5.3 thousand sq. m.
Address: 68, Malookhtinsky Ave, Saint Petersburg.
Sale price – 320 million rubles.
The transaction was made on 25th March.

According to the Land Use and Development Regulations, the building is located in the TD1-1_1 zone, where public, business and residential development is permitted.
Taking into account, that most of the BC areas are rented out, a future investor can use the Object as a ready rent business. It is also possible to adapt it for any commercial purpose (office, hotel, etc.).

“By this transaction we have completely closed the project of selling Burevestnik's property on Malookhtinsky Avenue. It is notably, that the company's property was sold not because of the fact, that the company was outdated and stopped working, not because of debts or bankruptcy procedure, but on the contrary – as a part of the company's development. This site no longer meets the requirements of modern production facility and the company moved to Novoorlovskaya special economic area in Primorskiy District of Saint Petersburg.
Burevestnik's main asset, located next to the sold BC, was sold at the end of the last year. The former industrial site for housing construction was sold at the auction with 20% excess of the price for the amount of 1.5 billion rubles”, – comments Dinara Useinova, Deputy General Director of the AHRF.