Government to yet again auction Foreign Ministry building

December 27, 2012 – 14:54 AMT

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

As the head of administration for state property management Arman
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.