The last plots for housing construction on 12, Marshal Blyukher Street are sold Property of JSC “Garrison” (former OJSC “Oboronservis”)

On 9th of June the Auction House of the Russian Federation (AHRF) hold an auction on the instruction of subsidiary enterprise of JSC “Garrison” (former OJSC “Oboronservis”) – OJSC “775 Artillery Repair Plant”.
For sale as a single lot offered two land plots with total area of 73.3 thousand sq. m.
Address: 12, Marshal Blyukher Street, Saint Petersburg.
Two bidders took part in the auction.
The auction Winner – Group of Companies  “RosStroyInvest” – purchased Lot for the amount of 470 million rubles.

According the approved Project of Territory Planning a total area of the plot development is 52 thousand sq. m and reserved for construction of residential house (total apartment area – 21 thousand sq. m, area of commercial premises – 10 thousand sq. m). The rest 21 thousand sq. m reserved for construction of kindergarten, gym and health improving center, four parking and transformer substation.

“This is the last plot on the given territory – after its development a residential area on Marshal Blyukher Street will be finally formed. Today bidding – a nice result, taking into account a difficult urban development situation in Saint Petersburg and difficulties when obtaining of external financing. An absolute plus of the deal is willingness to provide a buyer with possibility of installment payment for the plot during 3 years. This fully responds a present market situation and could become a conclusive argument while taking decision about purchasing. In this case the military department has shown itself as effective literate player of the real estate market”, - says Andrey Stepanenko, General Director of the Auction House of the Russian Federation.

The next auction on the property of JSC “Garrison” (the former “Oboronservis”) will take place within the framework of Oboronstroy instruction. For sale will be offered two territories:
- 40 ha in Moscow at intersection of Ochakovskoye and Aminyevskoye highways at the price of about 5 billion rubles
- 37 ha on Shchelkovskoye Highway (Balashokha) with a starting price – about 1.5 billion rubles.