The Gazprombank structure has become the main competitor for the purchase of mega shopping centers from the Swedish Ingka centers. The parties, according to Kommersant sources, have reached some agreements.
Ingka Centers said that the company is considering different options for mega shopping centers in the Russian Federation and that the process itself takes time. Gazprombank had no comment.
Ingka owns 14 mega shopping centers in Moscow, Moscow Region, Leningrad Region and other regions with a total area of 2.3 million square meters. m The company also owns IKEA, which occupies large areas in Mega. According to Forbes, in 2022, Ingka’s income from renting space in Russian shopping centers decreased by 19% year-on-year, to $285 million.
The head of the Russian guild of real estate developers, Alexander Sharapov, estimated the cost of the shopping centers at $2.85 billion, excluding the 50% discount required for approval of such transactions by a government commission. He believes asset sales could include a buyback option.
- From January to November 2022, the index of the number of visitors per 1000 m2. m in a shopping center with an area of more than 80 thousand square meters. m in Moscow and the Moscow region fell by 25% year-on-year. Performance was affected by the departure of foreign brands.
- The decrease in traffic in the shopping center also influenced the decrease in promotional activity. A minimum commissioning of commercial properties was expected at the end of 2022. Analysts do not expect Russian interest in shopping centers to resume until mid-2023.
- The Ministry of Industry and Trade proposed placing multifunctional centers, parcel terminals and branches of Russian Post in the unoccupied areas of the shopping center. The idea arose in the context of the deterioration of the financial results of shopping centers.
Author:
Karina Pardaeva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
