RZHD (OJSC Russian Railways) sold an office room in the “Continent” Shopping and Entertainment Center near “Zvezdnaya” subway station

On 13th of October the Auction House of the Russian Federation (AHRF) held an auction by order of OJSC Russian Railways within the framework of the program of selling non-core assets of the state companies.
For sale was offered the office room with an area of 1,181.4 sq. m in the “Continent” Shopping and Entertainment Center in Moskovskiy District of Saint Petersburg.
The Object located in a residential district of the city, in close proximity to “Zvezdnaya” subway station, near major traffic arteries – Moscow Highway and Dunayskiy Avenue.
Address: 1, Letter A, office 16N, Zvezdnaya Street, Saint Petersburg.

Two bidders took part in the auction.
The Auction Winner – LLC “TK EKSIS” – purchased the Lot for the amount of 77.4 million rubles.

“We are content with the results of today biddings. To find buyers who want to purchase a room with an area more than 800 sq. m, is more difficult than to find buyers for standard objects with an area of 80-250 sq. m. Greatly it is connected with big initial investments – cost of the object plus repair of premises as you need. Especially this problem is topical today, when investors have no access to “long-term” money.
According to the results of the auction the room was sold at a price getting the upper border of the market”,tells Dinara Useinova, Deputy General Director of the Auction House of the Russian Federation.