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Armenia's bailiff service evicts Sports and Concert Complex from bui

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  • Armenia's bailiff service evicts Sports and Concert Complex from bui

    Armenia's bailiff service evicts Sports and Concert Complex from building


    YEREVAN, July 31. /ARKA/. Armenia's state bailiff service made a
    decision to evict the Sports and Concert Complex (SCC) after Karen
    Demirchyan cjsc from the building of SCC, the press office of the
    bailiff service reported.

    In response to the statements that the debtor was not informed, the
    bailiff service says the decision was submitted to the authorized
    person of SCC Armine Hakobyan who refused to sign upon receipt. The
    detailed information on the case is on
    https://www.youtube.com/watch?v=tYEjGa42wuE, the service says.

    The writ of execution from the first instance court of Centre and
    Nork-Marash districts says the Sports and Concert Complex closed joint
    stock company has to pay 10,207,755,909.51 drams to the republic of
    Armenia budget.

    On April 15 2014 the bailiff service decided to commission an expert
    evaluation. Experts assessed the property at 25.8 billion drams, and
    the bailiff service made a decision on forced sale through an online
    auction. The starting price was set at 75% of the assessed value, i.e.
    at 19.35 billion drams.

    There are other proceedings for enforcement against the Sports and
    Concert Complex worth a total of 511,992,968 drams.

    Total area of the Complex is 46,335.7 square meters, without
    additional premises and the swimming pool. There are 95,595.87 square
    meters of dwelling area in the territory. The lot is a secured
    property.

    The Sports and Concert Complex after Karen Demirchyan was built in
    1983. In October 2005, the Complex was sold to BAMO Russian
    construction holding for $5.7 million. The holding obliged to
    reconstruct the complex. The reconstruction took almost three years
    and cost about $42 million.

    The Sports and Concert Complex after Demirchyan is considered a
    masterpiece of the late Soviet architecture. -0--


    - See more at: http://arka.am/en/news/economy/armenia_s_bailiff_service_evicts_sports_and_concer t_complex_from_building/#sthash.mUBU0coE.dpuf




    From: A. Papazian
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