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Lelchitsy Regional Executive Committee
25 January 2021

Over Br4m worth of property sold on Belarusian commodity exchange in 2020

MINSK, 25 January (BelTA) – More than 150 unused or underutilized properties worth a total of Br4.2 million were sold in 2020 on the BUCE-Property platform of the Belarusian Universal Commodity Exchange (BUCE), BelTA learned from BUCE spokesperson Roman Yaniv.

“Real estate accounted for almost 80% of the sold property. More than a half of the sites sold are located in Brest Oblast and Gomel Oblast. The most expensive property was an administrative building of the early 20th century in Pinsk. The winning bidder bought this historical and cultural heritage site for Br533,000,” Roman Yaniv said.

The trading session to sell a nonresidential building in Petrikov saw the highest rise in the initial price. As a result of the competition between participants of the trading session, the price of the building rose 597-fold to Br16,000.

“The most unusual asset that found an investor at our trading session was the Gorvatts Estate in Narovlya, one of the most beautiful palace and park ensembles of the Belarusian Polesie region. It was sold for Br53,400,” Roman Yaniv noted.

Founded in 2004, the Belarusian Universal Commodity Exchange conducted its first trading session in June 2005. BUCE is one of the largest commodity exchanges in Eastern Europe. Its main function is to assist Belarusian enterprises with export and foreign companies with entering the Belarusian market. BUCE sells a wide range of metal, forestry, and agricultural products, industrial and consumer goods.