An administrative building belonging to the Agency for State Assets Management, situated in the Mirabad district of Tashkent, has been successfully auctioned off through an electronic platform for a striking 251.6 billion soms. The final transaction price exceeded the initial starting value by an impressive 52 percent, demonstrating robust investor appetite for prime real estate assets located within the capital city.
Key Takeaways: The electronic bidding session took place on November 9 via the E-auksion platform, with the property located at 6 Amir Timur Street initially listed at a starting price of 165.5 billion soms. The facility was first put up for public auction back in August of the current year at the exact same baseline valuation before finally securing a buyer during this recent trading round.
This high-profile sale forms an integral part of a broader state program aimed at relocating various government ministries, departments, and subordinate entities to the newly developing satellite city of New Tashkent. The overarching initiative outlines the commercial realization of 83 distinct real estate properties scattered throughout the capital to streamline administrative efficiency and urban land use.
According to official statements released by the agency, authorities have already managed to sell eight administrative buildings previously occupied by various ministries and departments for a cumulative total of 1.12 trillion soms. Meanwhile, another 11 properties remain actively listed on the market with a combined starting price estimated at around 1.20 trillion soms.
Financial proceeds generated from the systematic sale of these freed-up government properties are earmarked for funding the construction of modern administrative infrastructure within New Tashkent. Previously, authorities allegedly sold another prominent downtown facility—the building housing the Ministry of Investment, Industry, and Trade—for 287.14 billion soms.
Source: podrobno.uz