11.07.2011

Sberbank to provide loans for purchase of lots on the territory of a block in Pargolovo owned by LEK company

The Auction House of the Russian Federation has announced an auction on 15 September for the sale of six land lots in a block next to Parnas metro station (Vyborgsky district). Sberbank of Russia is prepared to allocate loans for the purchase of land.

The lots are located on the territory of a block that is bounded by the residential micro-district Torfyanovka, Shuvalovo Park and the Severnaya Dolina complex that is under construction, next to the Parnas metro station. They are all in the zone of medium and multi-storey housing construction.

Six land lots are up for sale. They all belong to LEK company and are pledged on a loan issued by Sberbank of Russia. The encumbrance in the form of a deposit will be removed after payment.

Starting price – 154 – 255 million rubles (average load per meter of improvements - $180) Detailed information on each lot – http://www.auction-house.ru/auction/2717

Detailed information on each lot – http://www.auction-house.ru/auction/2717

The auction will be held on 15 September 2011.

Andrei Stepanenko, general director of the Auction House of the Russian Federation:

The lots up for sale have indisputable advantages: good location (close to the metro and major city highways, developed infrastructure, next to green zone), high level of readiness of documents on each lot, right of ownership to land has been received by builders etc.

ДAn additional advantage is that the Northwest branch of Sberbank of Russia is prepared to provide loans to building companies interested in buying these land lots. Applications from potential participants will be given top priority by the bank. According to the regulations for examining applications, seven days are allocated to the examination process, and 25 days for organizing a credit line. It is possible to submit an application to the bank for a loan and organize all the necessary documents before the auction.