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Arkhangelskoye Estate May be Sold Out
19.08.2011 15:06
Arkhangelskoye Estate May be Sold Out

The famous Arkhangelskoye estate may be sold out. The land, which used to be owned by the Ministry of Defense and then given to the museum on the Right of the Perpetual Use in mid 90es, is put out to tender. Now the Russia’s historic heritage may become a private property.

“The very essence and reason of building this estate is being killed and is vanishing,” said the Director of the Museum-estate Vladimir Dlugach.

The stating price for lot is 600 mln Rubles for 20 hectares of land. It is about 10 000 $ for one hundred square meters.

“We realize the real value of Arkhangelskoye estate. The cost of one hundred square meters on the bank of the river may reach 100 thousand USD,” say realtors.

Arkhangelskoye is a historical estate located around 20 kilometers to the west from Moscow. In 1703–1810 Arkhangelskoye belonged to Galitzine and from 1810–1917, to the Yusupov family, who is famous for killing Rasputin. In 1917 the Yusupov’ property was nationalized by the Bolsheviks. Nowadays Arkhangelskoye is a state museum.

Author: Irina Fomina

Tags: Russian cultural heritage Russian business    

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