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ARMENIA'S FOREIGN MINISTRY BUILDING ALIENATED
tert.am
14:10 ~U 04.10.12
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 landlot, 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.
tert.am
14:10 ~U 04.10.12
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 landlot, 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.