Land on Robespierre embankment, 32, sold with excess of nearly 130 million rubles. The funds resulting from the sale will be transferred to Sberbank of Russia

On 24 September the Auction House of the Russian Federation (RAD) sold at the auction the land plot with an area of 1.3 thousand sq. m on Robespierre embankment, 32, letter A.
The plot is sold with a 80 percent excess of the starting price, for the amount of 299.8 million rubles (starting price – 171.3 million rubles).
Sale was carried out within frameworks of the bankruptcy procedure of OJSC “The First Project Company” (FPC).
Income from the sale of the asset will be transferred to the main secured creditor of FPC – Sberbank of Russia.

6 applicants were registered to participate in the auction.
The auction winner – LLC “Investment Company “Sadovoye Ring”.

Other auction participants: LLC “BEST”, LLC “Prospekt”, CHESAVI CONSULTING LIMITED, LLC “SSK-3”, LLC “Repa and Co”.

The sale took place at the Baltic electronic platform.

On the given territory it is possible to construct a luxury residential building, apart-hotel, a representative office.
An urban development plan for the plot is available, specifications for connection to the engineering service networks are obtained.

The land plot is located in the historic center of St. Petersburg, in grand, palatial its part, on the embankment of the Neva River, near the Summer and Tavrichesky Gardens. Nearest main transport routes – Liteynuy Avenue and Robespierre embankment. The nearest metro stations – “Tchernyshevskaya” and “Lenin Square”. The unique location of the object allows to construct a premium class housing.

“The land plot sold is exclusive for the land market of St. Petersburg. Similar objects for housing construction in historic part of the city are very rare. In St. Petersburg there is only one similar proposal, which is comparable in area and cost. This is a plot on the corner of Makarov embankment and Sredny avenue of Vasilievsky Island, with an area of 1.2 thousand sq. m. Bidding for it scheduled for 12 November, starting price – 185 million rubles.
Auctions for sale of private property, especially of objects of this class, take place quite rare. But it is sales at auctions that allow to generate market value of objects and make the market more transparent and more open for other players. Today's auction is a vivid confirmation of that” (Konstantin Rayev, First Deputy General Director of RAD).