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The ownership of the Republic of Armenia was recovered over the “forest” lands with the market value of AMD 254 million adjacent to the TV tower of Yerevan

25/04/2025

On April 25, 2025, the ownership right of the Republic of Armenia was recovered  over the land plot with the surface of 6640 m2 with the cadastral value of AMD 254 million 244 thousand, approximated to the market value of the land plot, which is located at G. Hovsepyan Str., Yerevan city (adjacent to TV tower).

 

Let us remind that another statement of claim submitted by Department of the State Interests Protection of the Prosecutor General’s Office was awarded by the decision of the Anti-corruption court dated March 6, 2025. The Department of the State Interests Protection of the Prosecutor General’s Office requested with a statement of claim to recognize invalid the sale and purchase agreement concluded between the Municipality of Yerevan city and A.M. on June 30, 2005, and thus the state registrations of the ownership right over the mentioned immovable properties.