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Argentinean-Armenian Businessman Buys Mfa Building

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  • Argentinean-Armenian Businessman Buys Mfa Building

    ARGENTINEAN-ARMENIAN BUSINESSMAN BUYS MFA BUILDING

    news.am
    October 04, 2012 | 13:49

    YEREVAN. - Tango Company, which belongs to Argentinean-Armenian
    businessman Eduardo Eurnekian, purchased the Government of Armenia
    Building No.2, where the country's Ministry of Foreign Affairs
    currently functions.

    During Thursday's Cabinet session the Government approved the
    building's sales deal, which is worth AMD 20,6 billion (approx.

    $50,391,095) and the building's total area is 14,200 square meters.

    After renovation, the building will be turned into a five-star hotel.

    To note, Tango Company had already purchased the area of the former
    Justice Ministry building, and on the condition of constructing a
    public building there. But since the state is reserved the priority
    right to buy that building, the MFA probably will be relocated to
    that building, where the Justice Ministry will return and, also,
    space could be allocated for the Diaspora Ministry.

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