Foreign Ministry building to be sold to Tango Company, auction not held

The building of Armenia’s Foreign Ministry was to be auctioned today, but the auction did not take place due to the absence of buyers.

By the agreement, unless an auction is held, the building will be sold to Tango Company, owned by Armenian Argentinean businessman Eduardo Eurnekian.

The starting price is $51,270,840. There are plans to convert the building into a luxury hotel.