Auction for sale of the territory, buildings of Askiya market in Yakkasaray district of Tashkent ended on E-auksion platform Friday. The auction with two bidder lasted 15 minutes and ended after the only bid from Sheng Ke-International, which offered 225.59 billion soums, or 5% more than the starting price.
According to open data, the company was registered on May 23 of this year. The sole owner is the eponymous LLP from Kazakhstan, and the director is Chen Maiquan.
Last week, the New Tashkent project management office met with the management of Sheng Ke-International to discuss projects related to the construction of the new city. The company's executives shared their experience in the field of urban infrastructure, adaptation to climate change, transition to a "green" economy and sustainable development, the meeting report said.
Reconstruction project
In November, the market shareholders put the lot up for auction with a starting price of 214.85 billion soums (about $16.8 million), including VAT.
The buyer will have to reconstruct the market, while maintaining its operations, and create a modern shopping and utility complex on its territory, including an eco-bazaar with an area of at least 3,000 sq. m, a refrigerated warehouse of 1,200 sq. m and a parking lot on the ground floor for at least 400 cars.
After construction, the company must transfer the eco-market, refrigerated warehouse and parking lot on a total area of 42 acres to the market shareholders, regardless of their cost. As a result, he will be able to dispose of the remaining 1.4 hectares at his own discretion.
The general plan (project concept) is subject to mandatory approval by the Tashkent mayor’s office before the start of construction work. At the same time, the agricultural market located on the territory can be moved to another place within the project zone only after the start of work on the basis of the act.
Construction work on the complex must be performed without affecting the activities of the agricultural market, while maintaining its full functionality. After its completion, it is planned to gradually move it to the eco-market zone.
The investor will also be required to negotiate with the owners of private property on the territory of the market and provide compensation or allocate equivalent areas in agreement with them.
On November 16, the Yakkasaray district mayor’s office presented a market reconstruction project. District mayor Nilufar Allabergenova reported that the market had been failing to catch up with modern trends, the location of the shopping arcades in the open air creates inconvenience for visitors in bad weather, there are problems with parking, entry and exit from the market.
She said that negotiations were underway to rebuild the old market and that several investors had submitted their proposals. The project plans to disburse $150 million in foreign direct investment.
The project includes the construction of a four-star hotel and a large shopping center, the creation of a green zone with benches, escalators, bike racks, toilets and a Wi-Fi zone.
