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The state-owned, ‘Bolshevik’ machine building plant will go up for auction in October with a starting price of $52 million

, Dmitry Sennychenko, head of the State Property Fund, writes on Facebook. Given its location on Kyiv’s Peremohy Avenue and next to Shuliavska Metro station, the 35-hectare site is could attract as much as $500 million in real estate investment.

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Conditions include paying $19 million in debts and back wages and investing $2 million in “preservation of basic activities.”

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