Translation. Region: Russian Federation –
Source: Moscow Government – Moscow Government –
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In the first nine months of this year, investors purchased premises with a total area of over 11,000 square meters located in cultural heritage sites. This was reported by the Deputy Mayor of Moscow for Urban Development Policy and Construction. Vladimir Efimov.
"The sale of commercial real estate in cultural heritage sites helps meet the high demand for business premises, especially in the city center, where historic buildings predominate. From January to September, the city signed purchase and sale agreements with investors for 37 premises in cultural heritage sites and five historic buildings. The total area of the properties exceeded 11,000 square meters. Some of the properties were sold through online auctions, while others were acquired through a preemptive right of purchase—an option available to commercial real estate tenants," said Vladimir Efimov.
The property acquired from the city is located in six administrative districts. Nearly 70 percent—29 premises totaling approximately 6,000 square meters—was purchased by the investors in the city center. Specifically, a property measuring over 216 square meters was sold in the Basmanny District. It is located on Novaya Basmannaya Street (Building 10, Bldg. 1). This pseudo-Gothic building was constructed in 1913 according to the designs of architect Adolf Zeligson as a tenement house for the Moscow Basmanny Partnership. The property was initially used for apartment rentals and is currently used for administrative purposes.
"In addition to real estate in the Central Administrative District, investors acquired nine business premises with a total area of over 2,200 square meters in the Southern Administrative District and four properties with a total area of almost 2,900 square meters in the Western, Novomoskovsky, North-West, and South-Eastern Administrative Districts. In the North-West Administrative District, the entrepreneur signed a purchase and sale agreement with the city for a non-residential historic building with a total area of over 1,700 square meters at 11 Marshal Vasilevsky Street, Building 6. This is a regional cultural heritage site, known as the building of a kindergarten with elephant sculptures. The new owner will be able to conduct business there, adapting the structure for modern use, including opening an educational institution," she explained.
Ekaterina Solovieva, Minister of the Moscow Government, head of the capital's Department of City Property.
Head of the Moscow City Department for Competition Policy Kirill Purtov He added that auctioning historic buildings and premises facilitates the restoration and adaptation of these properties for modern use, preserving the capital's cultural heritage and attracting businesses to projects significant to the city. The average competition at auctions for properties that are or are part of cultural heritage sites was four people from January to September 2025. The auction organizer is Moscow City Department for Competition Policy.
Earlier, Sergei Sobyanin ordered the restoration of at least 150 cultural heritage sites per year.
According to legislation on cultural heritage sites, owners and users of architectural monuments are obligated to preserve their historical appearance. Any work on such buildings is carried out according to an approved design, with the permission and supervision of specialists from the capital's authorities. Department of Cultural HeritageViolations of legislation regarding the protection of cultural heritage sites are subject to administrative and criminal liability.
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