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The Kovel Educational Colony will be auctioned on December 7 with a starting price of UAH 41 mln.

The State Property Fund (SPFU) will privatize the Kovel educational colony, which is located in the Volyn region. The asset includes 26 real estate assets, buildings with a total of 19,476 square meters. In addition to two land plots, which are 4.86 hectares. 70% of the proceeds from privatization will go to the construction of new and renovation of existing penal institutions and the remainder to the state budget, announced SPFU.

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