RAD selected the seller of non-core assets of largest power network company – OJSC “Rosseti”

On June, 26 OJSC “Russian Auction House” (RAD) and OJSC “Rossiyskiye seti” (Rosseti) concluded an agreement of rendering services of selling movables and real estate. The agreement valid for five years was concluded on the basis of competitive tender held by OJSC “Rosseti”.

Dew to agreement conditions RAD will get non-core assets of Rosseti affiliate companies for sale. For the present 28 real estate objects of total area of 181.2 thousand sq. m located in Tsentralniy, Ural’skiy, Sibirskiy, Yuzhniy, Severo-Zapadniy and Privolzhskiy federal districts are being prepared for sale.
The most interesting are:

•    27-floor non-residential building of 34 thousand sq. m area with tenant right on a land plot (1.2 hectare) in Moscow near “Sokol” metro station.
Address: house No. 2, Volokolamskoye shosse
•    3-10-floor non-residential building of 14.5 thousand sq. m area with tenant right on a land plot (0.9 hectare) in Moscow near “Semionovskaya” metro station.
Address: house No. 154, Semionovskiy pereulok
•    10-floor building of both residential and non-residential purpose of 20.1 thousand sq. m area with a land plot (0.2 hectare) in Moscow near “Electrozavodskaya” metro station.        
Address: building No. 14, house No. 2/1, Semionovskaya embankment
•    4-floor non-residential building of 14.4 thousand sq. m with tenant right on a land plot (0.2 hectare)  in St. Petersburg center.
Address: house No. 111/3, Nevsky prospect

The first auction is planned to be announced in the fourth quarter of 2014/
The entire list of the objects for sale enclosed.

“Among the property announced for sale there are many interesting, even exclusive objects including Moscow and St. Petersburg. Now our specialists analyze them, appreciate investment attractiveness and possible ways of their selling. One may suppose practically all of them have a high potential for commercial use.” – says Dinara Useinova, RAD deputy general director.                                                 

OJSC “Rossiyskiye seti” (Rosseti) – power networks operator in Russia – is a largest power network company in the world.               
OJSC “Rosseti” is a leading company at the Russian market in introducing innovation techniques in main and distribution power network complex.          
The company masters 2.2. million km power lines, 473 thousand transforming stations of power more than 748 gigawatts. In 2013 usable supply of electricity to consumers made 706 billion kilowatt-hours.
OJSC “Rosseti” property complex includes 43 affiliates and dependent companies including 14 interregional network companies and a main network company.
The Russian Federation represented by the Federal agency for state property administration is the controlling shareholder owning 85.3 % share of the authorized stock.

OJSC “Russian Auction House” (RAD) is the first all-Russian universal trade site set up to sell state and private property: real estate, business, artworks.                                           
The Russian Auction House was founded on August 31, 2009 in accordance with Direction of the Government of the Russian Federation No. 1186-р dated August 19, 2009.
For the present RAD clients to sell non-core assets are: State Nuclear Power Corporation “Rosatom”, Russian railway network operator “RZhD”, main electric and heat power producer “TGK-1”, airline “Rossiya”, global power network “Gazprom”, defence industry concern “Almaz-Antey” and many others.