Rights to claim on credits are offered for sale Tsvetnoy department store in the centre of Moscow is pledged
The Auction House of the Russian Federation (AHRF) on behalf of Sberbank PJSC offered for sale the rights (claims) on credits to Central Market – Capital’s Gastronomy LLC. Security for credits is Tsvetnoy department store.
The department store is located near Tsvetnoy Boulevard subway station, near the Garden Ring.
Address: 15, building 1, Tsvetnoy Boulevard, Moscow.
Total area of the building is 36.5 thousand sq. m (leasable area – 16.3 thousand sq. m). Area of a land plot (rented until 2051) –3.7 thousand sq. m.
Currently, the total debt on credits is 134.3 million dollars.
Starting price of the Lot is 4.2 billion rubles.
Sale will take place at the ETP AHRF electronic trading platform in the format of Request for Proposals during the period from 10th to 21st June. The results will be summarized on 24th June.
“A buyer of the right to claim will take the place of a pledge creditor with respect to this property. If the creditor stops paying off the debt, the owner of the claim rights has the right to apply for recognition of the borrower as insolvent and to realize the pledge as a part of a bankruptcy procedure or, in case of absence of buyers, to take it for himself”, – says Olga Zheludkova, Head of Department for Work with Distressed and Non-Core Assets of Banks. “Tsvetnoy department store is a notable object, and assets of this kind rarely appear in the market. I think this Lot may be interesting for major market players and investment funds”, – adds Olga Zheludkova.
The Tsvetnoy department store is a seven-storey shopping complex built by the Rose Group Limited development company according to the project of the Project Meganom architectural studio. Tsvetnoy is called a fashionable mecca of Moscow, and under one roof there are hundreds of designer brands, including those of premium class.
The department store is located near Tsvetnoy Boulevard subway station, near the Garden Ring.
Address: 15, building 1, Tsvetnoy Boulevard, Moscow.
Total area of the building is 36.5 thousand sq. m (leasable area – 16.3 thousand sq. m). Area of a land plot (rented until 2051) –3.7 thousand sq. m.
Currently, the total debt on credits is 134.3 million dollars.
Starting price of the Lot is 4.2 billion rubles.
Sale will take place at the ETP AHRF electronic trading platform in the format of Request for Proposals during the period from 10th to 21st June. The results will be summarized on 24th June.
“A buyer of the right to claim will take the place of a pledge creditor with respect to this property. If the creditor stops paying off the debt, the owner of the claim rights has the right to apply for recognition of the borrower as insolvent and to realize the pledge as a part of a bankruptcy procedure or, in case of absence of buyers, to take it for himself”, – says Olga Zheludkova, Head of Department for Work with Distressed and Non-Core Assets of Banks. “Tsvetnoy department store is a notable object, and assets of this kind rarely appear in the market. I think this Lot may be interesting for major market players and investment funds”, – adds Olga Zheludkova.
The Tsvetnoy department store is a seven-storey shopping complex built by the Rose Group Limited development company according to the project of the Project Meganom architectural studio. Tsvetnoy is called a fashionable mecca of Moscow, and under one roof there are hundreds of designer brands, including those of premium class.
