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Lithuanian bankrupt Snoras bank's building in Tallinn sold for EUR 1.3 mln
BC, Tallinn, 23.09.2016.
Print version
Print versionAn administrative building of Lithuania's bankrupt bank Snoras in Tallinn has been sold for 1.377 mln euros to Estonia's real estate investment company EE Estate Berlin Invest, writes LETA/BNS.
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"This was one of the longest processes of public sales of a single object in the history of Snoras' bankruptcy. The building was first put on offer back in 2013, a total of five stages of auction was held until a single buyer offering the minimum price appeared. The bank's property was not of the best possible quality," the bank's bankruptcy administrator Gintaras Adomonis said in a press release.
The initial price for the building was set at 1.83 mln euros but was later reduced.
At the end of August, the bank sold a villa in the French resort of Nice for 1.95 mln euros.
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