South West | Transport, logistics | Real estate

Russian Railways to auction cottage complex at min. $2.7m

6 Oct '09
National rail operator Russian Railways intends to auction off one of its non-core assets land site with cottages outside Sochi, new agency RIA Novosti reports.

Last year the company tried to auction the lot at starting price of $5.6m, but there were no bids. This time the price might go down to $2.7m, the agency said.

The under-built cottage complex is located near Sochi National Park, 500 meters away from the Black Sea.

The auction is reportedly to be announced by the New Year, with the auction to be held in Spring 2010.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations: Sochi; Krasnodar Krai

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

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...
21 Nov '17
Russian scientists have come up with what they say is...
Search (News archive - 21253)
Advertising
RB_Partners_Report
Advertising
gcvsymposium
Advertising
Independent Software Developers Forum
Advertising
Marchmont News

Latest News

16 Jul '18
Severstal, one of Russias largest mining and...
13 Jul '18
Government-owned Moscow Seed Fund has invested about...
12 Jul '18
Researchers in Novosibirsk have developed a new brown...

Most read stories from last week

16 Jul '18
Severstal, one of Russias largest mining and...