The former head office of Russian oil company Yukos in central Moscow has been sold to Prana for a price around $240-260 mln (EUR 190 mln). The owner of the building was Yukos' subsidiary Dubininskoe. The 20-storey, 24,560-m[sup]2[/sup] building was completed in 2003 and is managed by CB Richard Ellis Noble Gibbons, Russian daily Commercial Real Estate reported.
The former head office of Russian oil company Yukos in central Moscow has been sold to Prana for a price around $240-260 mln (EUR 190 mln). The owner of the building was Yukos' subsidiary Dubininskoe. The 20-storey, 24,560-m2 building was completed in 2003 and is managed by CB Richard Ellis Noble Gibbons, Russian daily Commercial Real Estate reported.
Prana bid some $3.9 bn last Friday during the auction to sell Yukos assets, which also included the 14,000 m2 Top Master Realty building at 59 Tulskaya St. A total of 707 bids and counterbids were made for Yukos' assets during more than three hours of bidding. Prana offered nearly five times the starting price of 22 bn rubles (EUR 630 mln).
Yukos was controlled by Russian billionaire Mikhail Khodorkovsky. The company went bankrupt in August 2006 and Khodorkovsky was imprisoned and sent to Siberia. Yukos' assets were put up for sale in April.