In 2014, 39 assets worth over 270 million rubles were included in the privatization plan, and cinemas may be among them. However, according to the municipal property committee, they will likely not be put up for auction. Tenants may use their preemptive purchase right under federal law. Privatization is possible only if the current business profile is preserved, and the price has not yet been set and will be determined after an independent appraisal.
However, as reported by the Committee for Municipal Property Management, they will most likely not be put up for auction. Tenants who have been in the cinemas for many years may exercise their preemptive right to buy out the premises. This is permitted by Federal Law No. 159-FZ “On the Specifics of the Alienation of Real Estate in State Ownership and Leased by Small and Medium-Sized Businesses.” At the same time, the privatization of cinemas is possible only on the condition that their current line of business is preserved.What the price of the premises to be bought out will be is still unknown. The value of the property is determined based on the results of an independent appraisal.
In total, 39 properties worth more than 270 million rubles are planned to be privatized in 2014.