Uzbekistan’s government plans to sell several properties, including three mountain resorts, under a real estate privatisation project announced last week.
Five properties with a total floor space of 85,490 square metres (920,000 square feet) are going on sale in capital city Tashkent. They are a business centre, hotel, indoor houseware market, newspaper printing office and former stock exchange.
The three resorts occupy a total area of 57.5 hectares (142 acres) and lie at distances of between about 80 and 100 kilometres (50 and 60 miles) from Tashkent.
Uzbekistan’s State Assets Management Agency said in a statement that both Uzbek and foreign entities and individuals “with no restrictions or preferences” would be allowed to make bids.
However, rules set out in an announcement on the agency’s website put limits on how the properties must be used by their future owners.
For instance, the buyers of each of resort would have to build a hotel or another infrastructural facility on its premises.
All eight properties are to be used for business purposes, and bids would need to be supplemented with plans for their use.
Bids are to be submitted before 6pm (1300 GMT) on April 30.
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