Raiffeisenbank building in Moscow is put up for sale for 554 million rubles

The initial price of the lot was 554.4 million rubles; Applications for the purchase of the building at Troitskaya, 17, building 1 will be accepted until December 5, the auction house reported. A class B business center is sold along with a 620 m2 land. and belongs to the bank as property.

“Taking into account the continuing shortage of offices in the Central Administrative District of Moscow, the lack of free land for the construction of new business centers and the continued growth of weighted average rental rates, this lot has exceptional investment potential high,” said the deputy general. RAD director Grigory Nachinkin told the agency.

The five-story brick building was built in 1901 and rebuilt in 1994-1996. The business center also has its own parking with capacity for 10 or 12 spaces.

The press service of Raiffeisenbank explained to Interfax that the building has not been used for its intended purpose for at least two years and that the bank has been looking for a buyer for a long time: the main offices of the organization have been moved to Smolenskaya Square. Sennaya, 28. and to the Nagatino i-Land complex on the street. Avtozavodskaya.

Raiffeisenbank remained on the Central Bank’s list of systemically important credit institutions after another review in early November this year. At the same time, the bank’s parent company, the RBi International group, decided to sell or spin off Russian assets at the end of March 2023. In September this year, the Arbitration Court of the Kaliningrad Region imposed a ban on the disposal of shares of Raiffeisenbank JSC.