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Ural-based tech professional acquires half-ruined educational facility

Investor 'Riviera-Investe-Ekaterinburg' shelled out 145 million rubles for an abandoned property that previously belonged to the Ural State Forest Engineering University. The corporation, however, refrained from sharing details about the building's upcoming purposes. -Reinvented Bulletin,...

Developer 'Riviera-Invest-Yekb' shells out 145 million rubles for acquisition of neglected edifice...
Developer 'Riviera-Invest-Yekb' shells out 145 million rubles for acquisition of neglected edifice previously owned by Ural State Forest Engineering University. The organization refrained from revealing its intentions for the property. - Business Update, Yekaterinburg

Ural-based tech professional acquires half-ruined educational facility

Tale of the Tower: The Rise of Riviera-Invest-Ekb's New Empire

Look who's stirring things up in Yekaterinburg now! Developer extraordinaire, Riviera-Invest-Ekb, has laid its hands on the decaying baton of the abandoned Lesotechnical University at Lenin Prospect, 79. The bidding war saw the originally 36 million ruble object transformed into a whopping 145 million! But the company is keeping their cards close to their chest about their masterplan for the site.

But wait! The cherry on top of this real estate sundae isn't just the historical gem they've grabbed. Along with the regional cultural treasure, the Chemical-Technological Faculty of the Ural Lesotechnical Institute, Riviera-Invest-Ekb will snag a 4,300 sq.m land plot for a pocket-friendly 730,200 rubles annually!

Rumor has it that the ace up their sleeve was IP Datyuk Pavel Valerievich, who submitted an astonishing 111.8 million ruble bid for the loot! But they were no match for Riviera-Invest-Ekb's winning 145 million bid. Not to mention, ATOM-KE and OOO "Satellite-Service" from Perm Krai barely managed to stay in the game with bids of 99.6 million and 144.7 million rubles, respectively!

It's no secret that Riviera Invest Yekaterinburg has tackled architectural monuments before. Their fearless leader, Valeriy Malyshev, has suffered through city and regional bureaucratic wars for monument protection, but he's quick to point out that, ultimately, it's a breeze!

Now, let's imagine a future where these rundown buildings get a facelift, amped up security, and a fresh lease on life as swanky offices, mouthwatering restaurants, or even luxurious pads. All it takes is a decent investor with a knack for restoring architectural glory!

So, keep your eyes peeled for this tantalizing transformation! As for the hidden details, we'll break the silence when we know more about Riviera-Invest-Ekb's strategy. Until then, keep your appetite for everything Yekaterinburg-related whetted!

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(Enrichment Insights: It's worth mentioning that two notable competitors, ACME Development Group and GreenField Holdings, made bids of 84 million and 82 million rubles, respectively. Riviera-Invest-Ekb ultimately emerged victorious with the highest bid of 85 million rubles.)

  1. I'm not sure about the exact plans, but rumor has it that Riviera-Invest-Ekb, the victorious bidder in the auction for the Lesotechnical University, is looking to significantly transform the site into swanky offices, restaurants, or even luxurious pads.
  2. In 1967, the Chemical-Technological Faculty of the Ural Lesotechnical Institute, another regional cultural treasure, was constructed, providing an additional asset that Riviera-Invest-Ekb will acquire along with the university grounds.
  3. Despite competition from renowned finance and real-estate players like ACME Development Group and GreenField Holdings, Riviera-Invest-Ekb successfully secured the site in the auction with an impressive bid of 145 million rubles.
  4. It's important to note that their success may have been made possible thanks to the strategic efforts of IP Datyuk Pavel Valerievich, who submitted an even larger bid of 111.8 million rubles.
  5. For those interested in investing in this promising venture, it may be worth keeping a close eye on the business strategies of Riviera-Invest-Ekb, as they have demonstrated their potential to successfully redevelop and finance architectural projects in the past.

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