22.03.2011

Land plots sold for housing construction in Pargolovo

The Auction House of the Russian Federation has sold by auction lots designed for construction of housing on the territory of a block in Pargolovo (Vyborgsky district of St. Petersburg). The lots belong to LEK company and are pledged by a loan from Sberbank.

Three lots of a total area of 6.5 hectares were sold at the auction, located on the territory of a block bordered by Shuvalovo park, the residential micro-district Torfyanoe and the Severnaya Dolina complex that is under construction by the company Glavstroi-SPb. In accordance with the General plan for development of St. Petersburg, they are all located on the territory of a ZZHD zone, where medium and high-rise development is permitted.

 

The lots were sold into ownership.
The lots belong to LEK company and are pledged on a loan issued by the company Sberbank of Russia. The encumbrance in the form of the pledge will be removed after payment of the sale and purchase agreements.

 

Results of auction:
1. Lot at the address: Pargolovo village, Torfyanoe, Olginskaya doroga, lot 4 (northeast of dom 4, litera A on Zarechnaya ulitsa) with an area of 24,338 sq.m.
Number of bidders – 4
Starting price – 157 million rubles
Sale price – 203 million rubles
Winner - Pragma construction company

2. Lot at the address: Pargolovo village, Torfyanoe, Olginskaya doroga, lot 5 (northeast of dom 4, litera A on Zarechnaya ulitsa) with an area of 27,295 sq.m.
Number of bidders – 3
Starting price – 200 million rubles
Sale price – 200 million rubles
Winner – Normann Investment and construction group

3. Lot at the address: Pargolovo village, Torfyanoe, Olginskaya doroga, lot 6 (northeast of dom 4, litera A on Zarechnaya ulitsa) with an area of 13,094 sq.m.
Number of bidders – 5
Starting price – 99 million rubles
Sale price – 119 million rubles
Winner - Lenzhilstroi

 

The next auction of lots of LEK company on the territory of this block will be held on 4 April.

 

Andrei Stepanenko, general director of the Auction House of the Russian Federation:
We are satisfied with the results of the auctions – as a result of today’s auction, lots of an area of 6.5 hectares were sold for a total sum of 522 million rubles, with an increase of over 70 million rubles. Despite the improvement of the situation on the real-estate market, sales for half a billion are not a frequent occurrence today.
Additionally, it should be taken into account that the right of ownership to land was sold at the auction, and the conditions of payment are quite strict: the entire sum must be paid within 30 days. When city lands are sold at auction, the term of payment for them is several years.

 

Additional information can be found in the Catalogue of the Auction House of the Russian Federation №4 (34), №5 (35) and on the site www.auction-house.ru