South West | Tourism, recreation

Krasnodar auctions “residence” for $4.8m+ Azov-City investors

15 Oct '08
Krasnodar Region will hold a fifth auction for lease of land lots in the Azov-City gambling zone, local authorities announced today. This time officials plan to auction 16 land lots with 1.8 to 3 hectare acreage.

The minimal annual rent for most land lots hovers between $4,520 and $4,760.

Under auction terms, the minimal investment in each land lot is $4.8m.

Requirements for project completion deadlines are fairly reasonable compared to previous auctions.

While in the past investors were compelled to commission their construction projects by July 2009, which most considered impossible to meet, now the terms stipulate that by July 2011 investors are obliged to just receive authorization for commissioning.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
Find Related Content
Latest News: South West
25 Sep '17 | Materials, extraction | Technology & innovation
18 Jun '15 | Energy, utilities | Finance, business
19 May '15 | Energy, utilities | Technology & innovation
6 Oct '14 | Energy, utilities | Finance, business

Feature stories

27 Aug '18
7 Jun '18
Russian scientists have come up with a new method of...
3 Apr '18
In regions most of European Russians will hardly ever...
Search (News archive - 21280)
Independent Software Developers Forum
Marchmont News

Latest News

15 Oct '18
InSize, a Russian company, has developed and is...
11 Oct '18
Russia is stepping up support for developers of IT...
10 Oct '18
Primer Capital, a Russian venture fund, has invested...

Most read stories from last week

15 Oct '18
InSize, a Russian company, has developed and is...