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"The company "Palace of Grand Duke Mikhail Mikhailovich Romanov," the same name owns a complex of buildings in St. Petersburg, plans to sell a cultural monument of federal significance. According to RIA Novosti, the owner of the object expects to gain 1.2 billion.
According to the company, the new owner will be able to create on the basis of the palace multifunctional complex with a boutique hotel, offices, a restaurant area, art gallery, historical and cultural component. He also noted that the buildings are in good condition. LLC "Palace of Grand Duke Mikhail Mikhailovich Romanov" monument acquired in February 2011, the auction Petersburg Property Fund. For him, it paid the initial price in the amount of 520 million rubles. reported that tenant facility before December 25, 2049 is the "North-Western Financial Group." The intention to resell the owner of the palace said in the beginning of 2012. Palace grandson of Nicholas I, Grand Duke Mikhail Mikhailovich (also known as Little Michael's Palace) was built in 1884-1891 under the project of Maximilian Mesmakher. The complex on the Admiralty Embankment includes the main building area of over 5,000 square meters and a service wing (3135 "squares")."