BAKU, Azerbaijan, Aug. 28
By Ilkin Seyfaddini - Trend:
The price of Toshkent Savdo Markazi complex, formerly known as State Department Store, was reduced to 30 billion soum ($2.9 million), Trend reports citing the State Assets Agency of Uzbekistan.
The corresponding lot appeared on the E-auction website in May 2020 with the starting price of 303.5 billion soum ($29.8 million).
The building is on Chorsu Square and was originally built as the State Department Store. From early 2000 through 2011, the Turkuaz shop was located here.
In 2011, Turkuaz was closed due to serious violations, and the owner, a Turkish businessman, left the country. The issues with property ownership continue through international arbitration through this day, says the message.
On February 18, 2020, famous Tashkent hotel Chorsu was sold for 16.9 billion soum (nearly $1.8 million) at the auction, the winner of which was Ittihad International Investment LLC from the UAE.
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