French Boulevard wine production complex is on sale with a starting price of  $2,4 million

Thursday, August 19, 2021

The State Property Fund of Ukraine put up for auction the integral property complex of PJSC "Odesavinprom"

PJSC Odesavinprom has a real estate with an area of ​​more than 22 thousand square meters.  The starting price of the lot is $2,4 million.

The industrial complex is located in Odesa on Frantsuzsky Boulevard, 10. It includes a production building, a canteen, a mechanical repair shop, a steam boiler room, a block of warehouses for finished products, a car service box, a checkpoint, and a car garage, a pump station, a bottle warehouse, a water storage building, a gallery for transporting products, cellars for processing and storing wine with amphoras.

The complex also includes non-residential premises at neighboring addresses.

Odesavinprom PJSC, which has been leasing the plant since 1992, according to the SPFU, produced 654,8 thousand decalitres of champagne and sparkling wines in 2020, and 145,3 thousand decalitres in the first half of 2021.

The revenue of Odesavinprom in 2020 amounted to $17 million, the net loss was $140 thousand. For the first half of 2021, the company received $3,7 million. revenue and $530 thousand loss.

The company is engaged in the production of cognacs, still, and sparkling wines under the brands French Boulevard and Guliyev Wines, and also provides its facilities for bottling Crimean brands.

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