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Fourth auction to sell Moscow’s Rizhsky railway station fails with no bids
En breve
A fourth auction to sell Moscow’s Rizhsky railway station, owned by Russian Railways (RZD), was declared void after no bids were submitted, according to the bidding materials. The lot was offered at a starting price of 4 billion rubles. RZD said a long sales process is normal for large properties of this kind and that potential buyers are still studying the asset.
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The fourth auction to sell Moscow’s Rizhsky railway station did not take place, with no bids submitted for the lot. Vedomosti, citing bidding materials that it said RIA Novosti had studied, reported that not a single bid arrived by the deadline and that the organiser declared the procedure void. Kommersant reported the same outcome, citing a protocol on the «РТС-тендер» trading platform. [ 3 , 4 ]
According to Kommersant, the auction was to be held on 8 October. Vedomosti said the bids were considered on Tuesday. The two outlets differ on the dates of earlier failed attempts: Kommersant says RZD first put the complex up for sale in early March with an auction due in mid-April, later moved to the end of that month, and that the buildings found no buyer in repeat auctions in June and August. Vedomosti refers to auctions that failed on 5 and 7 August, to an initial auction that was to be held on 8 June, and says the previous four attempts in total also ended without result. [ 3 , 4 ]
The lot was offered at a starting price of 4 billion rubles, with a deposit of 400.9 million rubles, Kommersant reported. Vedomosti put the price step at about 200.5 million rubles. The lot includes the station building, a two-storey non-residential building of comparable size and a land plot. Vedomosti gives the station building as about 4,000 sq m and the plot as almost 14,000 sq m; Kommersant says the object’s total area exceeds 7,700 sq m, the plot is 13.6 thousand sq m and a 502-metre heating pipe is included in the price. Kommersant adds that the land was to pass to the new owner under a sublease. [ 3 , 4 ]
RZD said that a long sale process for large properties is ordinary market practice, and that potential buyers continue to study the asset and interest in it remains, according to Vedomosti. Kommersant reported RZD’s assessment that the circle of buyers for an asset of this scale is small and that a purchase decision takes time, so the lack of bids is not only a matter of the terms of this particular auction: a potential investor needs a project that justifies the outlay on a large object with limited options for use. [ 3 , 4 ]
Kommersant reported that the station was built in 1897–1901 to a design by the St Petersburg architect Stanislav Brzhozovsky in the neo-Russian style, and that it was designated a cultural heritage site of regional significance in 2021. According to an expert cited by the outlet, the complex’s appeal could grow if the freight yard and station grounds were built up with residential and commercial property, making the station the centre of a new public zone, but the building would most likely have to be preserved in its current volume, with only a small addition of space allowed for adapting it to a new function. [ 4 ]
Por qué importa
The repeated failure to sell a listed 19th-century station complex in central Moscow points to limited investor appetite for large heritage properties that carry preservation constraints. The asset remains with RZD, and the documents give no indication of the terms of a possible next attempt.
Datos clave
- The fourth auction for the Rizhsky railway station complex in Moscow was declared void after no bids were received. [ 1 , 2 , 3 , 4 ]
- The starting price of the lot was 4 billion rubles. [ 3 , 4 ]
- The deposit for the auction was 400.9 million rubles, according to the protocol on the «РТС-тендер» platform. [ 4 ]
- The lot comprised the station building, a two-storey non-residential building and a land plot of about 13.6–13.7 thousand sq m, and included a 502-metre heating pipe. [ 3 , 4 ]
- RZD, the seller, said a lengthy sale process for large properties is normal market practice and that interest in the asset persists. [ 3 , 4 ]
Confirmado por varias fuentes
- The auction for the Rizhsky station complex did not take place — the fourth such failed attempt. [ 1 , 2 , 3 , 4 ]
- The failure was caused by the absence of bids. [ 3 , 4 ]
- Russian Railways (RZD) owns the station complex being offered for sale. [ 3 , 4 ]
- The initial price was set at 4 billion rubles. [ 3 , 4 ]
Aún sin aclarar
- When the auction itself was to be held: Vedomosti says bids were considered on Tuesday, while Kommersant says the auction was to take place on 8 October. The two business outlets give different dates for the procedure.
- How many earlier attempts there were: Kommersant lists failed auctions after an initial listing in March, in June and in August, while Vedomosti mentions failed auctions on 5 and 7 August, an initial date of 8 June and says the previous four attempts in total also ended without result. The two accounts do not match on the number and dates of previous failed sales.
- The size of the property: Vedomosti puts the station building at about 4,000 sq m and the land plot at almost 14,000 sq m, while Kommersant says the object’s total area exceeds 7,700 sq m and the plot is 13.6 thousand sq m. The outlets report different figures for the same lot.
- Whether and when the complex will be offered again. No document states the terms of any next auction.
Qué dicen los medios locales
Cronología, hora local
- TASS reports that the fourth auction to sell the Rizhsky station did not take place. [ 1 ]
- RIA Novosti reports the same outcome for the Moscow station. [ 2 ]
- Vedomosti reports, citing bidding materials, that no bids were submitted. [ 3 ]
- Kommersant reports that no bids were filed, citing the protocol on the «РТС-тендер» platform, and says the auction was to be held on 8 October. [ 4 ]