The four-story administrative building of the Ministry of Investments, Industry and Trade of Uzbekistan, situated in the heart of Tashkent, has been successfully auctioned off for a staggering 287.14 billion soms. An agricultural enterprise from the Kashkadarya region emerged as the winner of the competitive bidding process, marking a notable real estate transaction amidst ongoing urban transformations in the capital.
Key Takeaways: The auction, hosted on the E-auksion platform, lasted for 1 hour and 46 minutes with participants submitting a total of 80 bids. This intense competition drove the starting price up by 80 percent, escalating it from 159.52 billion soms to the final hammer price of 287.14 billion soms.
The winning bidder was identified as Shakhrisabz Agroport LLC, located in the Shakhrisabz district of the Kashkadarya region. The company possesses a charter capital of 550.5 million soms, with Jasur Karimov listed as its sole founder and director. Authorities are currently awaiting the finalization and signing of the formal sales contract.
The property in question is located in the Mirabad district at the intersection of Taras Shevchenko and Fidokor streets, boasting a total usable floor area of 6,500 square meters. Currently, the premises house the Ministry itself alongside several international organizations. Under the terms of the auction, the future utilization of the building is restricted to retail, public catering, entertainment, and tourism-related activities, provided strict urban planning regulations and architectural preservation guidelines are met.
This transaction unfolds against the backdrop of a broader administrative relocation initiative, under which government institutions are being systematically moved to the New Tashkent area. The country's leadership previously mandated the relocation of ministries and departments, stipulating that their former premises must be privatized through open auctions on the strict condition that their historic architectural integrity is preserved.
Source: podrobno.uz