State Property Fund wrote a positive reviewer of a report on the valuation of workshop No. 5 of JSC “First Kyiv Machinery Factory”

On June, 16, the State Property Fund made a review of the report on the assessment of the market value of real estate, namely non-residential building under Litt. “IV number” workshop No. 5, building No. 9. Proprietor of this building is JSC “First Kyiv Machinery Factory” (until 2008 it was the Plant “Bilshovyk”). The building located at the address: 49/2, Peremohy Av., Kyiv city. Its total area of 13,039.3 sq. m.

According to the review, the Fund determined that the report is classified by the paragraph of the third clause 67 of National Standard No. 1 “General framework for the valuation of property and property rights” approved by the Resolution of the Cabinet of Ministers of Ukraine dated September 10, 2003, No. 1440, as well as generally the report complies with the requirements of regulatory legal acts on property valuation, but it has some faults that did not affect the validity of the assessment.

Call attention to the fact that review the report on valuation of property is critical report review and concluding observations on its completeness, correct execution and the conformity of the applicable property valuation procedures to the requirements of regulatory legal acts on property valuation.

Based on the results of the valuation and other activities described in the road map, Kiev Authority will have possibility to buyout a workshop at market price and to realize the Development Kyiv Infrastructure Project.