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.
