Monolit LLC is declared the winner of the auction intended to sell the building of the Moscow-based Barrikady cinema theatre, according to the PR office and mass media of the Moscow city government's Department for Competition Policy.
Ten companies applied for bidding in the auction. The starting price was RUB 124.3 million. 19 bids were made, the final selling price reaching RUB 236 million.
Monolit LLC is a construction company covering the whole range of construction, repair, finishing and restoration operations.
According to Gennady Dyogtev, the head of Moscow city government's Department for Competition Policy, there are several reasons for this asset to appeal to investors: "the cinema theatre has a favorable location in immediate proximity to the city center and the underground system. The asset is in satisfactory condition, its premises are in demand and generate income.