Rosneft rented its own building at a cost of 70 million rubles

Rosneft rented its own building at a cost of 70 million rubles
Palace of Grand Knyaz Mikhail Romanov at the Admiralteiskaya Street

Rosneft company has rented the palace of Grand Knyaz Mikhail Romanov for 11 months for 69.3 million rubles. The interesting part is that the company that lets the building out to Rosneft belongs to Rosneft.

This suspicious transaction was discovered among Rosneft's state procurements. In April of this year, the company rented a part of the non-residential building located in St. Petersburg at Admiralty Embankment, 8. The palace of the Grand Knyaz Mikhail Mikhailovich Romanov is located at that address. The palace was built in the late XIX century for the grandson of Nikolai I, between the Winter Palace and St. Isaac's Cathedral. In 2011, St. Petersburg officials sold it to private owners. According to Vedomosti, the palace was bought by Grand Knyaz Palace Mikhail Romanov Limited liability company (now Profitinvest) for 520 million rubles. In April of 2014 it was sold to Region Leasing and in September of the same year it became owned by RN-Trading company. Amounts of transactions are unknown.

The name of the RN-Trading company, which now owns the building, alludes ownership by Rosneft. However, as Vedomosti recognized, the connection is much closer than anyone can imagine: 100% of RN-Trading is owned by RN-Trade Limited liability company and 100% of RN-Trade, in its turn, is owned directly by Rosneft.

The records of the procurement commission indicate that Rosneft will pay 69.3 million rubles for 11 months. According to the General Director of Knight Frank Saint-Petersburg Nikolai Pashkov, the price is at least 1.5 times higher than the average market rate for comparable properties. In addition, the expert notes that the entire building can not be used as a business center.

What for the corporation needs the palace remains unknown. Its representatives have refused to comment on.

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