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Mp Regrets Sale Of Armenia's Foreign Office Building

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  • Mp Regrets Sale Of Armenia's Foreign Office Building

    MP REGRETS SALE OF ARMENIA'S FOREIGN OFFICE BUILDING

    tert.am
    04.10.12

    Armenia's ex-FM, member of the Heritage parliamentary group Alexander
    Arzumanyan regrets the alienation of the Ministry of Foreign Affairs
    building.

    "This is a bad decision. The building is a symbol it is right place.

    According to Yerevan's master plan, the government offices were to
    be located there, including the Ministry of Foreign Affairs, one of
    the most important government agencies," he said.

    "This is not the right way of establishing traditions. The building
    may not be a universal one, but this problem can be solved. If a new
    building is constructed in the rear of the building, it would house
    some services," Arzumanyan said.

    Armenia's government has approved a proposal for alienating the Foreign
    Ministry's building to a private company, which is to purchase the
    premises in accordance with an earlier reached agreement.

    Speaking at the cabinet meeting on Thursday, the head of the State
    Property Management Department, Arman Sahakyan, said the total sales
    price will comprise an equivalent of $51,271 million. The property will
    be handed over to the purchaser after the payment of the full amount.

    The closed joint-stock company Tango, which is buying the building
    with its surrounding land, is obliged, until September 1, 2015, to
    submit to the government the 100% shares of its daughter company,
    Salsa Development.

    After completing the transaction and doing the necessary repairs, the
    company is obliged to use the premises as a five-storey hotel-complex
    holding the brand of an internationally acclaimed hotel network. The
    agreement also obliges the purchaser to maintain the building's
    historical cultural design and exterior.

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