Roscosmos has announced plans to sell non-core assets valued at more than 11.4 billion rubles in 2024, according to the agency. The objective is to raise funds and stabilize the financial position of state enterprises by converting underutilized property into liquidity that can be redirected into core mission programs and support services. Roscosmos frames this move as a practical step to optimize the agency’s asset portfolio while preserving strategic capabilities for space activities.
The sale strategy envisions offerings across Moscow, the Moscow region, the Krasnodar region, Samara, the Tver region, and additional districts throughout Russia. In total, more than 150 facilities are planned for sale, including land plots, site complexes, hostel facilities, and recreation centers. These assets are described as non-core assets whose divestment would not affect the agency’s essential space program activities, but rather help streamline operations and improve efficiency across its holdings.
Among the listed properties are a real estate complex comprising 16 buildings on Baumanskaya Street in the Basmanny district of Moscow, and a building complex on Leningradskaya Street in Khimki near Moscow. Also included are the Voskhod hostel in the Moscow region and the Chaika health resort complex. In addition, 75.66 percent of shares in the Resort in Sochi Makopse hostel are slated for sale. These assets represent a mix of commercial, hospitality, and utility facilities that the agency intends to monetize in the near term, with proceeds directed toward strengthening the financial and economic standing of the state enterprises involved.
Roscosmos emphasizes that the revenue generated from these disposals will be allocated to bolster the financial health of the relevant state enterprises, enabling better funding for ongoing operations, capital investments, and long-term program development. The approach aligns with broader government directives to streamline federal property management and maximize the value of publicly owned assets, while limiting disruption to core space activities and research programs.
The sale plan follows the government’s approval of a formal procedure for preparing decisions on alienation of federal property. This procedural framework provides clear guidelines for assessing asset value, determining sale terms, and ensuring transparent, accountable handling of state assets throughout the disposal process. Officials indicate that the process will prioritize market-based transactions, competitive bidding where appropriate, and careful valuation to achieve optimal returns for the public treasury.
In the broader context, these asset dispositions reflect ongoing efforts within Russia to optimize asset use and raise funds to support strategic sectors. The decision to list and divest non-core facilities is presented as a prudent measure designed to reduce idle capacity, reallocate resources, and improve the efficiency of state-owned enterprises. Stakeholders are watching closely to see how these sales will be implemented, how buyers will be selected, and how the proceeds will be earmarked for programmatic gains rather than routine balancing of budgets.
Analysts suggest that the government may prioritize assets with straightforward transfer terms, strong market demand, and potential for redevelopment or commercial use that aligns with regional development goals. Ownership shifts of this kind are often accompanied by long-term lease arrangements or phased divestments to minimize disruption to ongoing services associated with the properties involved. Observers also note that the overall impact on local economies will depend on how effectively the assets are repurposed and whether new owners invest in upgrades that enhance service quality and community value.
Looking ahead, the market will likely reflect investor interest in hospitality and recreation sites, as well as strategic land parcels that offer development potential in and around major urban centers. Roscosmos and government officials stress that proceeds from the sales will be deployed to strengthen the financial and economic foundation of the state enterprises, supporting essential research, infrastructure modernization, and future space initiatives. This approach signals a careful balance between monetizing non-core assets and preserving the agency’s capacity to fulfill its scientific and exploratory mandate.