Initial price of Public Broadcaster's real estate reduced by 10% at a new auction
Initial price of Public Broadcaster's real estate reduced by 10% at a new auction

The auction announced on real estate owned by the Georgian Public Broadcaster ended on July 16, at 12:00.

The initial price was 122,432,000 GEL ($ 40 million), bidders were given a 30-day term.

As buyer did not show up, the management of the Broadcaster decided to reannounce auction with a 10% discount. Accordingly, the initial value of the real estate now is 110 343 600 GEL.

This time, the bidders are given 15-day term. The auction will last till  July 31, 15:00.

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