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DEMIRCHYAN SPORTS AND CONCERT COMPLEX TO BE SOLD IN YEREVAN
Vestnik Kavkaza, Russia
May 20 2014
20 May 2014 - 11:03am
The Karen Demirchyan Sports and Concert Complex has been put for sale
at a price of $46.8 million drams. The auction will continue until
May 29, News Armenia reports.
The complex covers 46335.7 square meters, excluding auxiliary
constructions and the pool. The complex has a territory of 95595.87
square meters for housing. Owners of the facility received a loan of
$20 million at a guarantee of 75% of its shares, rumours say.
The Demirchyan Complex was built in Yerevan in 1983. A major fire
broke out in the building 1.5 years after the opening. It remained
closed until late 1987. The Complex was named after Karen Demirchyan,
the speaker of parliament killed in 1999.
The Complex was sold to BAMO for $5.7 million on October 9, 2005.
Reconstruction of the facility took about 3 years and about $42
million.
http://vestnikkavkaza.net/news/economy/55419.html
Vestnik Kavkaza, Russia
May 20 2014
20 May 2014 - 11:03am
The Karen Demirchyan Sports and Concert Complex has been put for sale
at a price of $46.8 million drams. The auction will continue until
May 29, News Armenia reports.
The complex covers 46335.7 square meters, excluding auxiliary
constructions and the pool. The complex has a territory of 95595.87
square meters for housing. Owners of the facility received a loan of
$20 million at a guarantee of 75% of its shares, rumours say.
The Demirchyan Complex was built in Yerevan in 1983. A major fire
broke out in the building 1.5 years after the opening. It remained
closed until late 1987. The Complex was named after Karen Demirchyan,
the speaker of parliament killed in 1999.
The Complex was sold to BAMO for $5.7 million on October 9, 2005.
Reconstruction of the facility took about 3 years and about $42
million.
http://vestnikkavkaza.net/news/economy/55419.html