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Ukraine sells design institute at auction for 25 times its starting price

The winning bid was 6.73 million hryvnias, with the total payment including VAT set at 8.076 million.

Ukraine’s State Property Fund sold the property complex of the Dniprodzerzhynsk Civil Design Institute at an online auction. Nine bidders competed, driving the price up 25-fold.

Author: Робот Source: State Property Fund of Ukraine

The institute’s administrative building and garage, included in the property complex sold at auction
The Dniprodzerzhynsk Civil Design Institute property complex was sold at auction in Ukraine.

The State Property Fund of Ukraine held an online auction through the Prozorro.Sale electronic trading system to privatize the single property complex of the state-owned Dniprodzerzhynsk Civil Design Institute.

Nine participants competed for the asset. The winning bid was 6,730,000 hryvnias, against a starting price of 265,322 thousand hryvnias.

The auction increased the asset’s value 25-fold. Including VAT of 1,346,000 hryvnias, the winner is to pay a total of 8,076,000 hryvnias. The highest bid was submitted through the Yevropeiska platform.

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The property includes two real estate buildings with a combined area of 2,455.1 square metres — an administrative building and a garage — as well as 142 items of movable property, two vehicles and two land plots covering 0.0933 hectares in total.

To complete the privatization, the auction winner must pay the offered amount within 20 working days of the protocol being drawn up. Once the funds arrive, the parties will sign a sale and purchase agreement and a transfer and acceptance certificate.

Translated from Ukrainian using artificial intelligence. Source: State Property Fund of Ukraine

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