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Armenia's Mfa Building To Be Put Up For Auction In March

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  • Armenia's Mfa Building To Be Put Up For Auction In March

    ARMENIA'S MFA BUILDING TO BE PUT UP FOR AUCTION IN MARCH

    January 15, 2013 - 16:18 AMT

    PanARMENIAN.Net - The second section of Armenia's Foreign Ministry
    building will be put up for auction in early March 2013, head of
    State Property Management Department said.

    As Arman Sahakyan told a press conference, the deal about the state
    property sale was replaced with an auction due to increased public
    interest in the building.

    "Owner of Tango CJSC, entrepreneur Eduardo Eurnekian does not abandon
    the idea of purchasing the building, which will be sold at a higher
    price if a new purchaser shows interest in it. Otherwise, we will
    continue negotiations with the primary buyer," Mr. Sahakyan said.

    The government of Armenia resolved to yet again auction the Foreign
    Ministry building with a total area of 14,2 thousand square meters.

    As Mr. Sahakyan noted, in view of major public interest to the process,
    transparency of the deal is essential.

    As of October 4, the building was transferred to Tango CJSC owned by
    entrepreneur Eduardo Eurnekian.

    The starting price of the building is set at $50,7 million, with the
    land the building is located on added to the deal. The buyer will
    have to compensate the building assessment charges, which brings the
    total cost to $51,3 million.

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