The list of properties to be sold in a fist stage does not include valuable real estate assets such as Floreasca Club and hotels Triumf and Mara.
The list of assets for which RA-APPS has started auction procedures includes over 90 apartments and 10 shopping centers located in central Bucharest, a 3,066-sqm plot of land belonging to hotel Robinson in mountain resort Predeal, the tennis court and golf course of hotel Arad in seaside resort Neptun-Olimp (14,414 square meters) and other such assets in Bucharest, Snagov and Cluj-Napoca.
A 48,315-sqm farm in Magurele, the Muntenia compound in Snagov (with a 11,403-sqm plot of land), restaurant Dunarea (on a 6,800-sqm plot of land), hotel Dacia in Neptun-Olimp, several villas in resorts Mamaia, Eforie Nord, Predeal and Snagov, hotel Gloria and guest house Bradet in Suceava are also on the list of properties to be sold in a first stage.
The total area of land put up for sale by RA-APPS exceeds 97,800 square meters.
Many of these realties have been unsuccessfully put up for sale before by RA-APPS.
At the end of 2011, Romania’s Government has cleared RA-APPS to sell 733 out of a total 1,100 buildings it manages, in public auctions.
An analysis made for MEDIAFAX in end-2011 by the representatives of several real estate companies shows that the 600 Bucharest apartments RA-APPS will auction off are worth an estimated EUR85-90 million.
In 2006, two-star hotel Triumf in Bucharest was put up for sale by RA-APPS and the starting price was EUR32.5 million, VAT excluded. Floreasca Club was valued at EUR45.5 million, without VAT. The two auctions were put off due to the insufficient number of bids.
According to the 2012 state budget, the Government hopes to get 706 million lei (EUR160 million) this year from the sale of state-owned buildings managed by RA-APPS, compared with the RON1.8 million it estimated for last year. (EUR1=RON4.3446)