Asset Recovery and Management Agency (ARMA) continues the procedure for selecting a manager for the Gulliver shopping center in accordance with the established legal requirements.

After rejecting the candidacy of the first bidder, LLC «BC Millenium», the Agency began consideration of the proposal of the second bidder, which took the appropriate place in the bidding, namely the Consortium “Management Company ‘ESPLANADA’, which offered 0.35% of the management fee.

Based on the results of the review of the Consortium's documents, it was decided to reject the tender offer of this participant on the following grounds

From now on, ARMA will begin the procedure for reviewing the documents of the third-place bidder, LLC «ALAKOR CITY».

The final decision on the results of the auction will be made after all necessary checks are completed.

ARMA guarantees the integrity, transparency and openness of the process of selecting a manager for one of the largest shopping and entertainment centers in the capital.