March 26, 2021
The Central Bank has killed a plan by the Ayandeh Bank to sell 35 percent of the bank-owed Iran Mall to the Hami Sazeh Kian Co.
The Ayandeh Bank said it was trying to comply with a Central Bank order to all banks in the country to sell off their real estate and other non-bank assets.
A Central Bank press release said it squelched the sale because the sales process “was not clear.”
Ayandeh Bank said it put the 35 percent of the immense mall up for auction and Hami Sazeh Kian Co. submitted the best bid.
The Iran Mall in northern Tehran is not yet complete but is open and operating. When complete, it will be one of the largest malls in the world.
