Gazprom, a Russian gas giant, failed to sell 64 uncompleted cottages located in a resort town of Goryachy Klyuch in the Krasnodar region, Russia, that were put up for public tenders, Interfax reports on Wednesday.
According to the company’s documentation, 64 residential brick houses of varying degrees of readiness were put up for sale as a single lot. The cottages are located on the land plots allotted to the gas holding on the basis of lease agreements until 2058.
The initial price of the offer for sale was 75,4 million rubles including VAT ($1,3 million). The tender was held by an electronic trading platform of Gazprombank.
In the near future, Gazprom will put the cottages up for sale again. However, it is not specified whether the initial price will be reduced.