For sale offered a plot for housing construction near October Embankment

The Auction House of the Russian Federation (AHRF) offered for sale through public offer 1,2 ha for construction of an apartment residential complex in Nevskiy District of Saint Petersburg.
The plot situated in the first line of buildings on October Embankment, near the major arteries of the city – Dalnevostochny Avenue and Narodnaya Street.
Address: 1a, Letter M, Krylenko Street.On the given territory a future investor can build about 23 thousand sq. m. of housing. Maximum height – 75 meters.
Minimum price – 350 million rubles.

Applications for participation in the auction are accepted from 21st of March.

The biddings are held within a framework of bankrupt procedure of the former largest alcohol Importer – LLC Mosel.

The Object is located in a dynamically developing block of buildings. Nearby there are all necessary objects of social infrastructure (kindergarten, school, policlinic, stores, cafes and others).
In close proximity of the plot a construction of Residential Complexes “Svetly Mir” (Bright World) and “Oh’Yunost…” (Oh’ Youth…) is being carried out. Moreover, in this block of buildings the major developers “LSR Group” (RC Civilization) and BFA Development (RC Ideal City) has already been carrying out their projects.

 “Main advantage of the given plot is an entrance to the embankment. Using this factor, a future investor can carry there out a project of business-class housing construction with apartments with a wonderful view.
The plots for housing construction within the limits of the Ring Road, and especially near the Niva River, are deficit. And we  expect consequently the investors to be interested in the given Object,” – comments Olgs Zheludkova, Head of Department for Work with Troubled Assents of the Banks of the AHRF.

For detailed information about the Object please see the website of the Auction House of the Russian Federation (AHRF)