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Ownership rights of the Republic of Armenia have been restored over a 7,000 sq.m land plot adjacent to the Yerevan TV Tower with a value of about USD 1.1 million

27/11/2025

On November 26, 2025, the ownership rights of the Republic of Armenia were restored over a 7,090 sq.m land plot located in the area adjacent to the Yerevan TV Tower on G. Hovsepyan Street, Yerevan, with a cadastral value approximating the market value of AMD 417,659,000, equivalent to USD 1,095,000.

 

It should be recalled that the claim filed by the Department of State Interests Protection of the Prosecutor General’s Office was granted by the verdict of the Anti-Corruption Court, dated March 7, 2025.

 

In its claim, the Department of State Interests Protection requested the court to declare invalid the purchase agreement concluded on July 21, 2005, between the Mayor of Yerevan and a private individual, as well as to apply the legal consequences of invalidity.