AUMA building in central Tashkent sold at auction for 251.6 billion soums — 52% above the starting price

Auction results

On November 9, the E-auksion platform hosted an auction for the sale of the administrative building of the Agency for Management of State Assets (AUMA) in the Mirzo Ulugbek district of Tashkent — no, in the Mirabad district, at the corner of Amir Temur Avenue and Bukhara Street. This was reported by the agency's press service and the publications UzNews.uz, Spot.uz and Gazeta.uz. The auction started at 10:00 and lasted 2 hours 50 minutes; after 52 bids, the company Jarkurgan Build Group was declared the winner of the online auction.

Price and terms

With a starting price of 165.5 billion soums, the property was sold for 251.63 billion soums — the final price exceeded the initial one by 52%. The four-story building with annexes has a total floor area of about 11,000 square meters and occupies a plot with an inner courtyard; utilities include water supply, sewerage and electricity. The publications differ in their estimates of the plot's area: Spot.uz indicates 0.66 hectares, Gazeta.uz — 0.67 hectares, noting that the land plot will be leased to the buyer.

Who is the buyer

According to data from the Unified State Register of Enterprises and Organizations cited by Spot.uz and Gazeta.uz with reference to the Orginfo and Ihamkor registries, the company Jarkurgan Build Group was registered in Tashkent in August 2024 and is engaged in the construction of residential buildings; its charter capital amounts to 28.6 billion soums. The largest founder, with a 61.51% share, is the firm Palace of Energy, wholly owned by Jahongir Tashpulatov; the remaining 38.49% belongs to Dilmurod Siddikov, who, according to Ihamkor, also heads the company.

History of the property and the relocation program

Currently, the State Assets office is located in the building, and from 2012 to 2018 it housed the Tashkent city administration (khokimiyat). The property was first put up for auction in 2025 — UzNews.uz names August, while Spot.uz and Gazeta.uz name September; in addition, according to Gazeta.uz, in June and September 2026 the building had already been listed on the online auction, but the auction did not take place. The sale is carried out in accordance with a resolution of the Cabinet of Ministers of March 2025: the buyer is obliged to maintain the use of the property for office activities and services in accordance with urban planning standards.

Program context

The sale is part of the program for the phased relocation of ministries, agencies and subordinate organizations to New Tashkent, which provides for the sale of 83 real estate properties in the capital. According to AUMA data as of November 9, 8 administrative buildings of agencies have already been sold in Tashkent for a total of 1,120.4 billion soums, and 11 more properties are up for auction with a combined starting price of 1,020.5 billion soums. According to the agency, the proceeds are being directed toward the construction of new administrative infrastructure in New Tashkent.