Translation. Region: Russian Federation –
Source: Moscow Government – Moscow Government –
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The investor exercised the right of first refusal and acquired a space in the cultural heritage site (CHS), known as the Bolshoi Theater Artists' House, built in 1933–1935. This was reported by Ekaterina Solovieva, Minister of the Moscow Government, head of the capital's Department of City Property.
An entrepreneur exercised his right of first refusal and purchased a 32.7-square-meter leased space from the city in a historic building in the Presnensky District at 7 Bryusov Lane. This cultural heritage site, known as the Bolshoi Theater Artists' House, was built according to a design by architect Alexei Shchusev between 1933 and 1935. Moscow's historic center has always been characterized by high commercial activity, so demand for commercial real estate here is higher than in any other district of the capital. Owning property near the Okhotny Ryad, Pushkinskaya, Chekhovskaya, and Tverskaya metro stations will allow the new owner to plan for the long term and save on rent. The opportunity to purchase premises through a right of first refusal is especially attractive to entrepreneurs whose businesses have demonstrated high profitability during their leases and have significant potential for growth. "And so that small and medium-sized businesses can pay for their square meters without taking out a loan, the city has provided for payment installments for up to seven years," said Ekaterina Solovieva.
The right of first refusal to purchase leased premises is important for entrepreneurs, as it helps ensure stable business development. Those included in the register of small and medium-sized enterprises (SMEs) and leasing the property on a standard basis for at least one year can purchase commercial premises from the city. Businesses that lease premises through specialized tenders can also exercise their right of first refusal. However, for them, the lease term prior to purchase must be at least two years, and the leased property must be included in the list of state property intended for use by SMEs for five or more years.
Entrepreneurs who plan to buy out real estate leased from the city must apply for a government service "Paid alienation of real estate leased by small and medium-sized businesses from the state property of the city of Moscow"This can only be done electronically on the mos.ru portal.
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 must be carried out according to an approved design, with the permission and supervision of specialists. Department of Cultural Heritage of the City of MoscowViolations of legislation regarding the protection of cultural heritage sites are subject to administrative and criminal liability.
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