The largest owners of commercial real estate in Russia.
The Russian commercial real estate market has been actively developing in recent years. And like any segment, this market has its own leading players - the owners of large shopping and office centers. Forbes has compiled a list of the largest owners of commercial real estate in Russia.
1. Zarakh Iliev, God Nisanov
Company: Kyiv Ploshchad
Rental income: $1.4 billion
Geography: Moscow
Main facilities: Food City (350,000 sq. m.), Radisson Royal Moscow hotel (535 rooms), European shopping center (63,000 sq. m.)
Selling space (sq. m): 1,200,000
Number of hotel rooms: 960
For the year: in the fall, on the territory of the Lotus City multifunctional complex bought out in 2013, the first Food City agricultural market in the portfolio of Nisanov and Iliev, natives of the village of Krasnaya Sloboda, was opened. The office and business center will open in the spring of 2015. The project also provides for a hotel with 656 rooms.
Figure: at $ 1.2 billion, the Vedomosti newspaper estimated investments in Food City by a source close to the company's management.
Plans: the skyscraper in Moscow City, which is being built by Nisanov and Iliev, will be the first business center in Russia that meets LEED Platinum environmental standards.
2. Samvel Karapetyan
Company: Tashir
Rental income: $1.08 billion
Geography: Moscow, Moscow region, Kaluga, Tula, Yaroslavl, Vologda, Saransk, Belgorod, Nizhny Novgorod, Orel, Tambov
Main objects: RIO shopping and entertainment center on Dmitrovskoe shosse (105,000 sq. m.), Novotel Moscow City (360 rooms)
Selling space (sq. m): 829,000
Office space (sq. m): 48,400
Warehouse area (sq. m): 48,000
Number of hotel rooms: 1472
For the year: the company received a building permit for 400,000 sq. m of housing, retail space and offices in the innovation city of Skolkovo. The volume of declared investments is $800 million.
Plans: Tashir will build a multifunctional complex for 93,700 sq. m in the center of Moscow on a plot of 1.7 hectares owned by Mosenergo. The company promises to preserve the object of cultural heritage located here - the power plant of the Trekhgornaya Manufactory factory (1925-1928).
Figure: no more than 5% of Tashir's tenants work on a percentage of turnover.
3. Ingvar Kamprad and family
Company: IKEA Mos
Rental income: $790 million
Ufa, Rostov-on-Don, Novosibirsk, Omsk, Nizhny Novgorod, Kazan and other cities
Main facilities: Mega Belaya Dacha (222,000 sq. m.), Khimki Business Park (42,000 sq. m.)
Sales area (sq. m): 2,000,000
Office space (sq. m): 42,000
Owner: In the summer, the founder of the company, 88-year-old Ingvar Kamprad, left all formal positions in the company and transferred control to his sons - Peter, Jonas and Mathias.
Plans: In the fall, IKEA Shopping Centers CEO Armin Mikaeli said that the company, after a three-year break, will resume the construction of Mega shopping centers and the opening of new IKEA stores in Russia.
Figure: more than 254 million people annually pass through 14 Mega malls in Russia, each spends an average of 3 hours in the center.
4. Mikhail Gutseriev, Sait-Salam Gutseriev, Mikail Shishkhanov
Company: BIN Group
Rental income: $615 million
Geography: Moscow, Moscow region, St. Petersburg, Leningrad region, Saratov, Novosibirsk
Key facilities: Kaleidoscope shopping center (45,000 sq. m.), Marriot Grand Hotel (392 rooms), Severnoye Domodedovo logistics complex (540,000 sq. m.)
Selling space (sq. m): 180,000
Office space (sq. m): 291,000
Warehouse area (sq. m): 1,140,000
Number of hotel rooms: 2384
For the year: in the summer of 2014, BIN acquired an unfinished hotel and office complex near the Olimpiysky sports complex from the structures of the Bank of Moscow for 5 billion rubles. A 360-room Radisson Blu hotel will open there.
Detail: the Gutseriev family takes 2nd place in the ranking of the richest families in Russia.
Other business: Mikhail Gutseriev 33 owns the Russian oil assets of the group (Russneft), Shishkhanov 155 controls Binbank, Sait-Salam Gutseriev is the beneficiary of the British GCM Global Energy (oil projects in Azerbaijan, Kazakhstan, etc.).
5. Alikhan Mutsoev, Amiran Mutsoev, Amirkhan Mori
Company: GC "Regions"
Rental income: $520 million
Geography: Moscow, Moscow region, St. Petersburg, Ufa, Syktyvkar, Cherepovets, Krasnoyarsk region, Kemerovo region
Main objects: shopping center "June" in Mytishchi (90,000 sq. m.), shopping center "June" in Krasnoyarsk (50,000 sq. m.)
Selling space (sq. m): 496,000
Office space (sq. m): 143,000
Deal: in the summer, the Mutsoev family acquired from the structures of their former partner Vladimir Yevtushenkov 15 the building of the Research and Production Complex NIIDAR in the east of Moscow. Experts estimate the purchase at $150 million.
Figure: in May, the Regions group of companies approached the authorities with a proposal to invest 3 billion rubles in the construction of a metro station in Mytishchi near its June shopping center if the city does not open a metro near IKEA.
For a year: in the fall, the Moscow authorities approved the project of an indoor theme park in the Nagatinskaya floodplain.
6. Boris Mints, Alexander Nesis, Goldman Sachs
Company: O1 Properties
Rental income: $494 million
Geography: Moscow
Main facilities: Vivaldi Plaza (48,000 sq. m.), White Square (76,000 sq. m.), Krugozor business centers (51,000 sq. m.), LeFort (56,000 sq. m. )
Office space (sq. m): 497,248
Start: the company was founded in 2010 — Boris Mints bought class A business centers from Sergey Gordeev's Horus Capital.
The largest real estate objects in the company's portfolio are the business centers White Square (76,000 sq. m.), Vivaldi Plaza (48,000 sq. m.), LeFort (56,000 sq. m.), Krugozor (51 000 sq. m).
Deal: In April, Mints sold a 26% class B stake in O1 Properties to the ICT group of Alexander Nesis. Both were co-owners of FC Otkritie (Mints sold his 11% stake in 2013). And in the summer, Goldman Sachs bought a 12% stake from its subsidiary O1 Group for $200 million. The founder of the company, Boris Mints, now owns 68% of the company.
Expansion In October O1 Group bought 16.1% of the Austrian company CA Immobilien Anlagen AG, which specializes in investments in offices in Europe.
7. Sharyk Tara, Sinan Tara
Company: ENKA
Rental income: $412 million
Geography: Moscow, Moscow region, St. Petersburg
Main objects: "Tower on the Embankment" in Moscow-City (163,000 sq. m.), hotel "Red Hills" (163,000 sq. m.)
Selling space (sq. m): 245,000
Office space (sq. m): 350,000
Number of hotel rooms: 234
In a year: one of the first in the industry to renegotiate long-term contracts in rubles with tenants. The new Kuntsevo Plaza shopping center, which opened in December, was filled despite the crisis.
The figure: $7 billion is an estimate of the total portfolio of projects that Enka has implemented in different countries around the world since its founding in 1957.
Working style: single foreign company approved for the construction of a power unit at Berezovskaya GRES in the Krasnoyarsk Territory.
Plans: completion of the perinatal center in Ufa.
8. Aras Agalarov
Company: Crocus Group
Rental income: $370 million
Geography: Moscow, Moscow region, Voronezh
Main objects: Crocus Expo (680,000 sq. m.), Vegas shopping mall on Kashirskoye shosse (145,000 sq. m.)
Selling space (sq. m): 590,000
Warehouse area (sq. m): 12,000
Exhibition area (sq. m): 680,000
During the year: the company opened two complexes "Your Home" in New Riga and Mytishchi, as well as the Vegas shopping and entertainment complex in Crocus City. In four operating facilities, usable areas have been increased through the construction of new buildings and the refurbishment of existing ones.
Action: The Group completed the construction of a cable-stayed bridge 430 m long between the Pavshinskaya Poyma microdistrict in Krasnogorsk and Crocus City. The bridge was built with private money - both Agalarov and the developers of the microdistrict invested.
9. Alexander Svetakov
Company: GK "Absolut"
Rental income: $364 million
Geography: Moscow, Moscow region
Selling space (sq. m): 172,000
Office space (sq. m): 353,000
Start: trading house "Absolute", which deals with wholesale sales household appliances and electronics, has been operating since 1990.
In a year: the authorities allowed the development of the site on which the buildings of the Badaevsky brewery are located. Svetakov sought permission for more than 12 years, the neighbors changed more than once. Now the territory will be built up by Absolut and Rosneft.
Detail: in the spring, Alexander Svetakov became a partner in the Winzavod project of Sofia Trotsenko.
10. Alexey Khotin, Yuri Khotin
Company: Complex investments
Rental income: $320 million
Geography: Moscow
Main objects: Gorbushkin Dvor (35,000 sq. m.), East Gate business center (110,000 sq. m.), Filion shopping center (58,000 sq. m.)
Selling space (sq. m): 120,000
Office space (sq. m): 1,220,000
Other business: at the end of 2013, Alexey Khotin acquired 30% of the Isle of Man-registered oil company Exillon Energy (capitalization of £170 million, operates in the Khanty-Mansiysk Autonomous Okrug and the Komi Republic).
Deal: in the summer, the Dulisma oil company owned by the Khotins, which shortly before that had achieved an extension of the export duty exemption, acquired the Irelyakhneft enterprise from Alrosa for 1.8 billion rubles. Earlier, Rosneft claimed this company.
The figure: revenue from the oil assets of the Khotins exceeds the revenue from the rental of real estate by more than two times.
11. Alexander Klyachin
Rental income: $302 million
Geography: Moscow, St. Petersburg, Murmansk, Sochi
Main objects: business centers "Danilovskaya Manufactory" (51,500 sq. m.), "Red Rose" (58,000 sq. m.), shopping center "Savelovsky" (42,000 sq. m.)
Office space (sq. m): 249,000
Number of hotel rooms: 10,000
Beginning: the Moscow factories bought in the 1990s by Klyachin 138 KR Properties turned into loft-quarters, where the offices of Yandex, Rambler & Co and the Kalashnikov concern are located.
Expansion: The hotel business began to develop in 2004. Now the Azimut Hotels chain includes 22 hotels in Russia and Europe.
Over the year: in 2014, Klyachin concluded one of the largest deals in the Moscow real estate market: Yandex increased the amount of space rented at Krasnaya Roza to 53,500 sq. m and extended the contract until 2022.
12. Igor Leitis, Mikhail Bazhenov, Evgeny Gurevich
Company: Adamant
Rental income: $292 million
Geography: St. Petersburg
Main objects: Zanevsky Cascade shopping and entertainment complex (57,500 sq. m.), Balkaniya NOVA shopping and entertainment complex (63,500 sq. m.), Continent shopping and entertainment complex on Bukharestskaya (63,000 sq. m. )
Selling space (sq. m): 709,000
Office space (sq. m): 97,000
Warehouse area (sq. m): 122,000
Start: The partnership between Leitis and Bazhenov began with the production of metal structures and double-glazed windows. Now the Russian Glass Company, which is part of the holding, unites 11 factories in six regions.
Portfolio: Since 1992, the company has built 1.4 million sq. m of commercial real estate. According to Colliers International, it controls 25.7% of the St. Petersburg retail real estate market.
During the year: in 2014, the Armada Park warehouse complex (78,400 sq. m) and the first stage of the Victoria Plaza business center (33,500 sq. m) were opened.
13. Family of Rudolf Fries
Company: Immofinanz Group (family of Rudolf Fries, Vice President of the Supervisory Board, owns 5.8%, JPMorgan Chase structures own 6.1% of the shares)
Rental income: $238 million
Geography: Moscow, St. Petersburg
Key objects: Golden Babylon Rostokino shopping center (168,200 sq. m.), Shushary warehouse complex in St. Petersburg (41,500 sq. m.)
Selling space (sq. m): 277,000
Warehouse area (sq. m): 41,500
For the year: the capitalization of the company on the stock exchange in Vienna fell by 40%, to $ 2.3 billion. In December, the group announced a share buyback program in connection with the crisis in Russia. The loss in the first financial half of 2014 amounted to €30.2 million.
Portfolio: 25.2% of the company's assets are in Russian facilities. Previously, they only pleased: in Russia, the highest occupancy of objects is 94%, the highest yield is 10.3% per annum (for comparison: in Poland - 6.2%, Austria - 6.1%, Germany - 7.6%) .
14. Alexander Zanadvorov
Company: MKapital
Rental income: $218 million
Geography: Moscow, Moscow region, Rostov-on-Don
Key objects: Rio shopping center in Reutov (78,000 sq. m.), Okhotny Ryad shopping complex (28,000 sq. m.)
Selling space (sq. m): 147,000
Office space (sq. m): 15,000
Other business: owns the Seventh Continent network. In August, he transferred its shares from the Cypriot offshore Pakva Investments Limited to the balance of the Russian Hypercenter-5 LLC.
Feature: in December, the Okhotny Ryad shopping center entered the top 20 most popular places in Moscow where users of the Foursquare service check in.
Action: the popularity of the mall built under Luzhkov among young people is explained not only by its proximity to the Kremlin, but also by marketing: in the early summer of 2014, visitors posted photos of the item they liked on social networks with the hashtag #photohunting. 4000 people participated, 14 winners received prizes.
15. Anton Bilton, investment company Invesco Perpetual
Company: Raven Russia
Rental income: $192 million
Geography: Moscow region, St. Petersburg, Novosibirsk, Rostov-on-Don
Main objects: warehouses in Pushkino (214,000 sq. m.) and Istra (205,000 sq. m.)
Warehouse area (sq. m): 1,400,000
Office space (sq. m): 16,000
Owner: The shares are traded on the stock exchange. Anton Bilton, 50, founder of the Raven Group, is the world's largest private investor. Capitalization - $577 million.
Start: Raven Russia was established in 2005 at the initiative of the British developer Raven Mount to invest in Russian warehouse real estate.
In a year: the company built 107,000 sq. m of new space in Noginsk and New Riga. For 60,000 sq. m have already entered into preliminary lease agreements, which brought the company $ 12.5 million.
16. Alexey Ananiev, Dmitry Ananiev
Company: PSN Group
Rental income: $172 million
Geography: Moscow, St. Petersburg
Office space (sq. m): 700,000
Deal: at the end of 2013, PSN sold the River House B+ class shopping and office center (11,400 sqm) in St. Petersburg to the American Jensen Group for $55 million.
For the year: Rental income fell 14%.
Strategy: 75% of the Aerodrom business center, which opened in 2014, was sold during the construction phase, both in whole floors and in small blocks from 140 sq. m, the main buyers are construction companies (40% of the area), state corporations (25%) and commercial and industrial firms (15%).
17. Roman Abramovich
Company: Millhouse
Rental income: $155 million
Geography: Moscow, Omsk
Main objects: business centers White Gardens (63,000 sq. m.), Krylatsky Hills (62,000 sq. m.), Four Winds (27,000 sq. m.)
Office space (sq. m): 175,000
Selling space (sq. m): 17,500
Another Millhouse business manages the assets of former Sibneft shareholders and owns stakes in the Evraz Group, Norilsk Nickel, and Chelsea Football Club.
The Skolkovo Park portfolio project, which is being developed by Millhouse, will be located on the territory of 500 hectares, 100 of them are owned by the company, the rest is leased for 49 years. In addition to offices, it will also have a residential infrastructure. Kindergarten - English.
The figure of $500 million will be an investment in the Skolkovo Park for Business project, which will have six office buildings on 88,000 sq. m.
18. Morgan Stanley Real Estate Investing (MSREI)
Rental income: $154 million
Main objects: shopping and entertainment "Metropolis" in Moscow (82,000 sq. m.), "Gallery" in St. Petersburg (93,000 sq. m.)
Geography: Moscow, St. Petersburg
Office space (sq. m): 134,000
The number: One of the world's most active real estate investors, MSREI has acquired $184 billion in assets in 36 countries over the past two decades.
Deal: The purchase of the Metropolis shopping center from Kazakhstan's Capital Partners in 2013, which experts estimated at $1.2 billion, was the largest deal on the market. A few months later, Morgan Stanley resold half of the complex to the Hines CalPERS Russia Long Term Hold Fund created in the same year.
Other business: Morgan Stanley owns a 12% stake in one of the largest British pub chains, Punch Taverns, which has 4,000 establishments.
19. Andrey Gavrilov, Ruslan Gutnov, Dmitry Altshul, Dmitry Sudin
Company: TEN group of companies
Rental income: $152 million
Geography: Moscow
Main objects: shopping centers City on Ryazanka (84,000 sq. m), City of Lefortovo (99,000 sq. m)
Selling space (sq. m): 265,000
Office space (sq. m): 7000
Beginning: the first object of childhood friends was the shopping pavilions near the Ryazansky Prospekt metro station in 1995. Since then, they have built more than 1 million square meters in the south of Moscow. m.
Plans: in the 1st quarter of 2015, the first stage of the Park of Legends quarter on the territory of ZiL with an ice palace, a hockey museum and a synchronized swimming center will be commissioned.
Action: co-owner of the group Ruslan Gutnov, who is a fan of CSKA, became a sponsor of the Dynamo club and is thinking about supporting Spartak.
20. Peter Kellner
Company: PPF Real Estate Russia
Rental income: $146 million
Geography: Moscow region, Astrakhan, Ryazan
Main objects: South Gate industrial complex (187,000 sq. m.), Trilogy Logistics Park (107,000 sq. m.)
Selling space (sq. m): 278,000
Warehouse area (sq. m): 236,000
Office space (sq. m): 112,000
In a year: in 2014, the company built the first phase of the Comcity office park on 260,000 sq. m. The anchor tenant was Rostelecom, which rented 58,500 sq. m. m, but will start paying for them only in 2015. Another 6000 sq. m will take a software developer Oracle.
Plans: The total area of the Comcity park will be 430,000 sq. m, in addition to offices, it will include a shopping gallery, a fitness center and a kindergarten.
Detail: The site in New Moscow was featured on Channel One news when it was visited by Prime Minister Dmitry Medvedev and Deputy Prime Minister Arkady Dvorkovich.
21. Lev Leviev
Company: AFI Development
Rental income: $145 million
Geography: Moscow, Kislovodsk, Zheleznovodsk
Main objects: Afimall City shopping complex in Moscow City (107,200 sq. m)
Selling space (sq. m): 107,200
Office space (sq. m): 53,000
Number of hotel rooms: 568
Strategy: The developer is selling off its largest office complex, the Aquamarine III business center on Ozerkovskaya Embankment. The first building was sold to Alrosa in early 2014 for $92 million. Two more are up for sale.
Detail: The company owns a 130 ha plot of land near international airport Boryspil in Kyiv.
22. Maxim Levchenko, Boris Paykin
Company: Fort Group
Rental income: $114 million
Geography: St. Petersburg
Main objects: Europolis shopping center (60,000 sq. m.), City Mall shopping center (69,000 sq. m.), London Mall shopping center (63,000 sq. m.)
Selling space (sq. m): 325,000
Office space (sq. m): 6300
Owners: according to media reports, Maxim Levchenko (managing partner) and Boris Paykin (previously headed Gazprom's subsidiary) own Fort Group's facilities through LLC Elephant and Castle.
Deal: In 2013, Fort Group bought a 10% stake in Bolshoi Gostiny Dvor from Prosperity Capital Management and now cannot agree with other shareholders on the concept of the department store's reconstruction.
23. Viktor Surkov
Company: Victor & Co.
Rental income: $110 million
Geography: Samara
Main objects: Moskovsky shopping and entertainment complex (79,000 sq. m.), Ambar shopping center (90,000 sq. m.), Cosmoport shopping center (106,000 sq. m.)
Alexander Zanadvorov intends to sell a 25% stake in his main asset, Manezhnaya Ploshchad OJSC, to the Dekra group. The estimated amount of the transaction, which will be completed within a year, will be $90 million, while Dekra Group, which already owns a 24.4% stake in Manezhnaya Ploshchad, will gain control over Okhotny Ryad, one of the most profitable shopping malls in the capital. ”, whose annual revenue is about 100 million dollars a year.
According to experts, the main reason for the deal was that the business on Manezhnaya Square is not efficient enough. However, a connection between the sale of shares and the August advertising campaign, the subject of which was Mr. Zanadvorov.
Top 3 shopping malls
"Manezhnaya Ploschad shopping center is in third place in the ranking of the most profitable shopping malls in the capital"
OJSC Manezhnaya Ploshchad was established in September 1995 to manage the Okhotny Ryad shopping mall, which was put into operation in 1997. The area of the complex is 63 thousand square meters. meters. In total, 350 million dollars were invested in the project. One of the co-owners of the project was Sobinbank, which was then headed by Alexander Zanadvorov, and Moscow paid half of the construction cost, and at the time the complex was opened, the city owned 87% of the complex's shares.
By the beginning of last year, the city's share had fallen to 24.4%, which was transferred to Dekra in April of this year in exchange for a 4.6% stake in Mosenergo. As of the beginning of 2005, 28.4% of Manezhnaya Ploshchad joint-stock company was owned by Zanadvorov's Trade Centers LLC, 17% by Aspect LLC, 5.6% by Alfa-Express LLC, and the remaining 24.5% - various legal and individuals. According to Zanadvorov, he owned more than 25% of the shopping mall through controlled structures. TC "Okhotny Ryad" occupies 62 thousand 711 square meters. meters. The revenue of the complex is almost 100 million dollars a year.
According to experts, the shopping center "Manezhnaya Square" is in third place in the ranking of the most profitable shopping malls in the capital. The first two places are occupied by the Moscow branch Swedish company IKEA - "IKEA Mos" and wholesale and retail center "Moscow", their estimated annual income - 400 and 315 million dollars, respectively. In fourth place is the shopping and entertainment center "Atrium" (approximate annual income - 60 million dollars), the main beneficiary of which is the construction company "Engeokom". The annual profitability of the Gorbushkin Dvor complex ($58 million), which in 1996 was acquired by businessman Alexander Milyavsky along with the Rubin television plant, is slightly less.
"Zanadvorov, why do you need money?"
After the conclusion of the transaction, which will take place within a year, the Dekra group will become the main owner of the shopping complex. According to the chairman of the board of directors and co-owner of Dekra, Sergei Denisov, a preliminary agreement on the acquisition of shares from Alexander Zanadvorov existed for a long time, otherwise the purchase of 24.4% would have been meaningless. So far, Dekra prefers not to talk about the deal, however, based on the fact that the total cost of Manezhnaya Ploshchad joint-stock company is $350 million, experts estimate the deal at $87.5 million.
As for the opinion of experts on the forthcoming deal, it is ambiguous. Okhotny Ryad is currently one of the most attractive retail properties, - says Yulia Dalnova, director of retail real estate at Knight Frank. - The key to the success of this mall was the location, which led to a powerful flow of customers.
However, some experts are inclined to believe that Manezhnaya Ploshchad is not the most profitable investment. “Any large retail property built in Moscow in the 90s has certain shortcomings, both architectural and conceptual,” Alexander Tishkov, director of development at the Magazin Magazin consulting agency, told the VZGLYAD newspaper. - Which is directly related to the low level of development of the retail real estate market in recent years. Therefore, today these shopping centers may receive less income, work inefficiently. The Okhotny Ryad complex is no exception.
However, the possibility is not ruled out that this deal is the result of an oligarchic war, the reflections of which appeared in the form of a teaser advertisement in August. Then posters were hung all over Moscow “ZanadVORov works in the Seventh…” or “ZanadVORov, why do you need an island?” And the sale of shares in the Okhotny Ryad shopping center is Alexander Zanadvorov's retreat.
Year of construction: 1957
Area: 183,000 sq. m
What's inside: 535 rooms
Interesting Facts: in 2005 the facade of the building was completely restored and the hotel was declared a cultural monument. In 2010, after a three-year restoration, "Ukraine" was opened under the name Radisson Royal Hotel
Moscow Hotel
Who owns the building: and Yuri Khotin ( 8th place in the ranking )
Year of construction: 1935
Year of acquisition by current owner: 2015
Area: 183,000 sq. m
What's inside: hotel rooms, apartments, offices and shopping malls
Interesting Facts: In 2004, the building was demolished, a new complex was built in its place, put into operation in 2013. Upon completion of construction, a criminal case was opened on embezzlement of $87 million
Hotel Leningradskaya
Who owns the building: (4th place in the ranking )
Year of construction: 1954
Year of acquisition by current owner: 2005
Area: 25,000 sq. m
What's inside: 243 numbers
Interesting Facts: the construction of the hotel lasted two years longer than planned. Why the architects - Leonid Polyakov and Alexander Boretsky - were deprived of the laureate titles received for the sketches of the building
Who owns the building: (30th place in the ranking )
Year of construction: 1893
Year of acquisition by current owner: has been on loan to Bosco di Ciliegi Kusnirovich since 1992
Area: 74,900 sq. m
What's inside: 155 shops, cinema, cafes and restaurants
Interesting Facts: in December 2016, the East and West group of companies, controlled by Mikhail Kusnirovich, increased its share in the GUM Trading House to 97.34%
Who owns the building: Leonid Friedland
Year of construction: 1908
Year of acquisition by current owner: 2013
Area: 70,000 sq. m
What's inside: luxury brand stores
Interesting Facts: In the spring of 2015, TSUM launched the "Milan Prices" campaign, reducing the cost of some goods by up to 15%. As a result, for the autumn-winter season of 2016, the shopping center's revenue increased in rubles by 30%, but net profit while falling by 10-15%
National Hotel
Who owns the building: , (4th place in the ranking )
Year of construction: 1903
Year of acquisition by current owner: 2011
What's inside: 206 rooms and a restaurant
Interesting Facts: for "National" younger brother Mikhail Gutseriev laid out 4.7 billion rubles. Prior to that, it belonged to the government of Moscow
Metropol Hotel
Who owns the building: (9th place in the ranking )
Year of construction: 1901
Year of acquisition by current owner: 2012
Area: 39,400 sq. m
What's inside: 362 rooms, 10 event rooms, 2 restaurants
Interesting Facts: the historical building went to Klyachin for 8.874 billion rubles, while the initial price of the lot was slightly less - 8.7 billion rubles
Shopping center "Okhotny Ryad"
Who owns the building: (15th place in the ranking )
Year of construction: 1997
Year of acquisition by current owner: 1997
Area: 63,000 sq. m
What's inside: mass market stores, cafes and restaurants
Interesting Facts: Okhotny Ryad was built for the 850th anniversary of Moscow. The underground mall was to house luxury brand boutiques. But most of the visitors are tourists, so the rental rates were reduced by almost 20% and the mall was filled with shops with lower prices.
Interesting Facts: The first children's department store in the USSR was under reconstruction for 6 years and reopened in 2015. The reconstruction was started by Hals-Development, but in the spring of 2009, due to debts, the billionaire sold a controlling stake in the company to VTB Bank for a symbolic 60 rubles
There is a shopping center Okhotny Ryad. It is located on three underground floors under Manezhnaya Square. The easiest way to enter it is from the metro station of the same name, as well as from the side of the Alexander Garden from the side of the Manege.
Shopping center Okhotny Ryad - history
The history of the creation of the Okhotny Ryad complex began in 1995, when Manezhnaya Ploshchad OJSC was formed, to which it belongs. The construction of the underground complex was completed in 1997. The design was carried out by the Moscow institutes Mosinzhproekt and Mosproekt. The very idea of redevelopment of the underground space in the very center of the city, oversaturated with engineering communications, can be called bold. Nearby - Red Square, the Moscow Kremlin, underground - three metro lines. In order not to damage the historical monuments of the center of Moscow, a thorough examination of the strength and stability of already constructed buildings, as well as underground structures and communications, was carried out. The design of the new underground complex was carried out using new modern technologies. All decisions on its construction were made only on the basis of the results of the research. The stages of construction were determined in such a way that the movement of land transport in the central part of the city was not disturbed. Thanks to the original technology, the builders were able to remove all engineering communications from the development zone without violating the life support of buildings. In 1997, the constructed Okhotny Ryad Shopping Center became a laureate of the international competition MIPIM AWARDS.
Shopping center Okhotny Ryad - modernity
During the construction of the Okhotny Ryad Shopping Center, many articles appeared about the harm that underground construction can cause to historical buildings. Scientists of the Russian Academy of Sciences, commissioned by the Moscow government, conducted a study of soils under the city. They concluded that underground construction in Moscow is safe. The monitoring of the state of buildings located next to the construction site also showed this: there is no subsidence of the Duma, National and other buildings. In modern times, Okhotny Ryad is a developing complex. Here you can chat with friends in cozy cafes, pass the time before an appointment. It is curious to drive in glazed panoramic elevators.
It is one of the oldest among Moscow points of sale. The main owner of the shares is the Dekra group, which bought the shares of the Manezhnaya Ploshchad company from the Moscow government and other owners.
Shopping center Okhotny Ryad - shops
More than 100 retail outlets are located on three levels with a total area of 62,711 sq.m. various brands. The area of the complex is 29400 sq.m. Getting to it is very convenient, because the metro will take you right to the entrance. It is not always worth going by car, as there are often no places in the parking lot. Some visitors come here to buy a certain thing, others to see something. Decor top level The complex is made in the style of the XIX century. And it was planned as the most expensive floor. Initially, it was really filled with points of sale with such high prices that there were few people here. But gradually the difference between the levels was erased. Now they sell both very expensive things and those that are popular with the people, such as Mango and Guess. On highest level popular McDonald's and Planet Sushi are also located.
Having gone down to the average level, with more democratic prices, you can find something interesting for yourself from clothes. There are many boutiques for young people, including sports ones. In addition to them, the Seventh Continent supermarket and the Finservice bank are located here.
The lower level is especially attractive for denim lovers. For a relatively small price here you can find the original thing.
Most of the 25 restaurants, cafes and bars are also located on the lower level, in its 700-meter zone. Here you will be offered a variety of dishes for every taste of different cuisines.
For visitors to the shops of the Shopping Center Okhotny Ryad, there is a ground and four-level underground parking with a check-in from the side of the Moscow Hotel.
30 companies and groups sorted by income generated from commercial real estate
1. Firm Iliev, Safra Instruments
Shopping complexes in small cuts
The business of the largest owner of commercial real estate, Zarakh Iliev, is rapidly moving from East to West. A native of the Azerbaijan SSR, he began by selling “airfield” caps at a market in his native city of Cuba. Then there were containers in another eastern market, but already in Moscow, in Izmailovo. Next stage- the fair complex "Moscow" and the automobile complex "Moscow", the largest in Europe. At the end of last year, Zarakh Iliev and his partners purchased the Ukraina Hotel. By the end of this year, the goal will be reached. A shopping and entertainment complex "European" will open on the square of the Kievsky railway station. At the same time, the essence of the business does not change: let the “European” be decorated with a restaurant, a cinema and a fitness center, its “working” zone will be divided into hundreds of small shops familiar to us from the oriental bazaars.
2. IKEA Mos
The most popular malls in the country
IKEA has changed the face of many Russian apartments, but Russia is also changing this company. IKEA always works alone - why share success? In Russia, the independent status was given to the company with difficulty. In December 2004, officials near Moscow held back the opening of the Mega shopping center built by IKEA in Khimki for two weeks - some “technical flaws” were discovered here. Last summer, the State Architectural Supervision Authority of Tatarstan tried to stop the construction of Mega in Kazan - officials did not like the concrete poured into the foundation of the complex. And obtaining plots for construction in Moscow is a separate story, worthy of an adventurous romance. IKEA had to change its principles. The new "Mega", which will open by the end of the year in the south-east of Moscow, is 25% owned by the Russian agricultural company " Belaya Dacha". Firstly, the chairman of the supervisory board of Belaya Dacha, Viktor Semyonov, a former minister Agriculture, and now a State Duma deputy, will provide protection from officials. Secondly, Belaya Dacha has so many free territories in these places that it will be enough not only for a shopping complex, but also for a theme park with a hotel in addition.
Z.ENKA
The largest foreign construction company in Moscow
Sarik Tara, the founder of the Turkish company ENKA, is well acquainted with Europe. Tara was born and lived until the age of 12 in Skopje (the capital of Macedonia), only the Second World War forced him to move to his historical homeland, to Turkey. Childhood memories - good help in business. After the fall of the Iron Curtain, ENKA built roads in Croatia and gas pipelines in Ukraine, business centers in East Berlin and military camps in Belarus. But Moscow has become a special page in the history of ENKA. Whatever Boris Grebenshchikov sings about Turkish builders, ENKA’s projects indeed largely determine the image of the Russian capital: these are Riverside Towers on Kosmodamianskaya Embankment and the Moscow House of Music, Towers on the Embankment in Moscow City and Swissotel on Paveletskaya, Mosenka Plaza" on Tsvetnoy Boulevard and, finally, Ramstore shopping centers.
The Istanbul Stock Exchange values ENKA at $3.2 billion. Consequently, the fortune of Sarik Tara (he and his family firm Tara Holdings owns 48.9% of ENKA shares) exceeds $1.6 billion. If you wish, you can calculate how much of this amount is earned in our edges. The company's total revenue for 9 months of 2005 amounted to $2.1 billion, of which $665 million came from Russia and the CIS countries.
4. PFC BIN, Chaika Plaza
Sustainable big family business
While Mikhail Gutseriev is pumping assets into his beloved offspring, the Russneft company (in 2005 it became the seventh in Russia in terms of oil production), his relatives and partners are no less enthusiastic in the real estate market. Last year, Gutseriev's younger brother Sait, the head of PFC BIN, in addition to the clan's 17 retail premises (surrendered to the Seventh Continent chain) and seven small office buildings, bought the giant Smolensky Passage on the Garden Ring from entrepreneur Kazibek Tagirbekov. Almost simultaneously, the construction of the Festival mall was completed in the south-west of Moscow, where the first Marks & Spenser store in Moscow was located.
Big projects came to Gutseriev's taste. By 2012, the family plans to add another 62,000 sq. m. to Smolensky Passage. m, to build shopping and entertainment centers in Tushino (75,000 sq. m.), on the Minsk highway (more than 170,000 sq. m.) and on the Varshavskoe highway (project parameters are still unknown).
5. Group of companies Crocus
Trade and exhibitions outside the city
It may seem that entrepreneur Aras Agalarov has successfully realized his dream. In September 2005, the second stage of the Crocus Expo exhibition complex was put into operation, the total area of the complex increased to 90,000 sq. m. Last year alone, 78 exhibitions took place here - from the modest "Skrepka Expo" to the pretentious Millionaire Fair. The shopping center "Crocus City Mall" works, and on the areas that could not be handed over to tenants, the entrepreneur trades on his own. Moscow Azerbaijanis appreciated the restaurant of the Shore House Yacht Club. Has the construction of a luxury city beyond the Moscow Ring Road been completed? “Our thoughts and energy are now directed to the construction of a multifunctional facility similar to what was done in Las Vegas,” says Emin, son and partner of Aras Agalarov. It is planned to build 14 high-rise buildings: 700,000 sq. m of office space, another hundred luxury stores, a concert complex, a casino the size of a stadium, a two-level bowling alley, and a hotel. The timing of the project has not yet been announced.
6. Rubin, Gorbushkin yard
Ennobled heir to "Gorbushka"
Real estate business in Moscow is much more profitable than TV production. Especially when it comes to the popular "anthill" format (a shopping mall that can accommodate hundreds of small tenants) - the smaller the average area of one retail outlet, the higher the income of the building owner. If we are talking about a complex that has taken over from the legendary Gorbushka market, revenues will grow exponentially. Over the past year, rental rates in the buildings of the former Rubin TV plant (now TK Gorbushkin Dvor) doubled, but this did not deter tenants. “Yes, I stood in line for six months to get this showcase!” - tells Forbes a mobile phone saleswoman from Gorbushka, who wished to remain anonymous.
The owner of MTZ Rubin, Alexander Milyavsky, knows this better than anyone else. Back in 2004, he transferred the production of televisions to Voronezh, and he himself came to grips with real estate. The West Side residential complex in the south-west of Moscow has already been built by Rubin, and a hotel and business center with an area of 108,000 square meters is next in line. m in the area of "Gorbushkin Dvor".
For information on other “non-core” organizations that are becoming major owners of commercial real estate in Moscow, see page 92.
7. Manezhnaya Square
The most expensive dungeon in Moscow
Last year, the Okhotny Ryad trade complex changed its owner. The development company Dekra (residential complexes Azovsky in the south of Moscow and Arkada House in the southwest) in the spring exchanged with the city government its 4.6% stake in Mosenergo for 24.4% in Manezhnaya Ploschad (owner of Okhotny Ryad). In the fall, Dekra announced the purchase of another 28.5% of Manezhnaya Square from Alexander Zanadvorov, co-owner of Seventh Continent. However, Zanadvorov and Manezhnaya Square did not part completely - the joint-stock company owns two retail premises in the south-west of Moscow, which are rented by Seventh Continent.
The new owner of Manezhnaya Square first of all closed the Downtown entertainment center in Okhotny Ryad. As a result, the trading area of the complex increased by 3400 sq. m (up to 29‑400 sq. m.), which favorably affected the income of Manezhnaya Square.
8. Forum Properties
Office space overlooking the Kremlin
Andrey Barinsky, head and co-owner of Forum Properties, manages 12 class A and B office complexes in Moscow. But only one project made him famous in the professional environment. Barinsky did not spare $ 25 million for the full transfer of the production of the Krasnokholmsky worsted plant from Sadovnicheskaya street (Zamoskvorechye) to the Moscow region. There were no scandals, no hostile takeovers - examples of such a peaceful solution to the issue in the Moscow real estate market can be counted on the fingers.
The first stage of the Aurora Business Park office center built on the vacant site (usable area of 12,000 sq. m) has already been handed over to tenants, at the end of last year the construction of the second stage was completed. The new building is three times larger (37,800 sq. m) and one third more expensive (up to $1,000 per sq. m per year). But the inhabitants of the upper floors will be able to admire the view of the Kremlin, and this pleasure is worth a lot. Analysts have little doubt that the building will be successfully handed over to tenants: Class A offices in Moscow are still in short supply.
9. Realty Trade
Hostile Takeover Specialist
What can do worst enemies Anatoly Kanashchenkov, head of Fazotron-NIIR Corporation (developer of radars for combat aircraft) and Alexander Klyachin, a banker and specialist in corporate wars? Of course, the property is 15 hectares in the Central District of Moscow, which are occupied by Fazotron. Having bought up about 11% of the corporation's shares, last year the Nerl group of Alexander Klyachin tried to take power at Fazotron into their own hands. But she lost the war - the enemy had a powerful administrative resource. It is noteworthy that Klyachin won most of the fights. The real estate package, which Nerl and related structures (managed by Realty Trade) have already absorbed, has exceeded 230,000 sq. m. m. The pearl of the collection is the Krasnaya Roza business center, located in the buildings of a former weaving factory in the Park of Culture area.
10. Ingeocom
Trade and entertainment near the Kursk railway station
In fact, Ingeocom is a construction company that works on other people's orders and is well versed in underground construction and communications technologies. But who will refuse the opportunity to keep a shopping and entertainment complex built by order of the Moscow government, if the rental rates in it reach up to $ 5,400 per year for square meter? So Ingeocom acquired 60% of the area of the Atrium shopping center near the Kursk railway station and became a bit of a rentier.
This year, Ingeocom, following a similar scheme, begins the construction of a shopping mall with a total area of 130,000 square meters. m between the Garden Ring and Paveletsky railway station. The question of how this will affect Ingeocom's income is not even worth it. The architectural issue also seems to have been resolved - four levels of the shopping mall will be located underground, the view of the Paveletsky railway station will not be spoiled by Ingeokom. There is only one question left. In the Atrium area on the Garden Ring, an eternal traffic jam has formed; whether there will be a similar cork hallmark Paveletskaya Square?
11. Ecooffice
Cheap offices and warehouses in former industrial areas
“We do not sell anything, we only buy and reconstruct more and more new facilities. By 2010, we plan to reach the level of 1 million square meters. m of leased area," Tatyana Kovaleva, Vice President of Ecooffice, shares her plans.
The company is still far from a million - Ecooffice rents out only 116-800 sq. m. m of class "B" and "C" class office space. The most profitable project of Ecooffice is the Derbenevsky business park, opened on the site of a former leather factory (at a rate of $500–600 per sq. m, it brings the company $12 million a year). Ecooffice acquired this facility in 2003 from Rosbuilding, a company widely known for its harsh methods of hostile takeover of metropolitan enterprises.
Boomerang returned last year. Bank "Neftyanoy" tried to take away a quarter of "Derbenevsky" from "Ecooffice" for debts. The attacked with great difficulty retained his property. Everyone knows that best shield for defense is an administrative resource. In December 2005, the owner of Ecooffice, Andrey Kovalev, became a deputy of the Moscow City Duma, a member of the influential United Russia faction.
12. Promsvyaz real estate
Any commercial property capable of making money
The Promsvyaznedvizhimost company, owned by the owners of Promsvyazbank Dmitry and Alexei Ananiev, has already been included in the Forbes ratings. In July last year, we wrote that the brothers, who own a plot of land of 60,000 hectares, were among the ten largest landlords of the Moscow region. Now it's time to announce that Promsvyaznedvizhimost also manages 16 commercial real estate objects in Moscow - these are office buildings of classes "B" and "C" (a typical object is the Karacharovo business center on Ryazansky Prospekt, $ 395 per sq. m), Shopping center "Liga" in Khimki, warehouses in Lublino (55‑000 sq. m.). Promsvyaznedvizhimost does not hold on to its metropolitan status, it takes everything that can bring money: an office building in the city of Vidnoye (7,100 sq. m of usable area), and an office center in St. Petersburg (27,000 sq. m), and shopping and entertainment complex with an area of 44‑000 sq. m in Rostov-on-Don. But the income from these objects is not taken into account in our rating.
13. Mospromstroy
Owner of five-star hotel buildings
The former Soviet trust Glavmospromstroy found its place in the new economy. The company builds and leases luxury hotel buildings to international chains. In the previous rating of commercial real estate owners in Moscow, we talked about three Moscow Marriott hotels that pay a third of their revenue to Mospromstroy. This year, the first Holiday Inn hotel in the capital (301 rooms, Lesnaya Street) was added to the list of objects. Mospromstroy hotels near the Rizhskaya metro station and in Sokolniki will soon open under this sign.
The company does not pay attention to the office real estate inherited by Mospromstroy from the Soviet trust. Scattered around the city center small rooms classes "B" and "C" (on Tverskaya and Bolshaya Dmitrovka, in Stoleshnikov and Staropimenovskiy lanes) are leased at prices not exceeding $500 per sq. m. m per year. For comparison, Mospromstroy receives the same amount for five days of operating one room of the Marriott Tverskaya Hotel, the cheapest of the capital's Marriotts.
14. Capital Group
Construction company operating on a grand scale
Ten years ago, the founders of Capital Group experimented with the names of their companies. Vladislav Doronin at the head of CJSC "Specific" took his first steps in the real estate market - for example, he bought and then sold with great profit two buildings of the Moscow plant for the production of hydraulic vane machines. Pavel Te led the New Russians investment company. Now the partners' business has a simple name, but corresponding to the scope of the company's activities. "Capital Group" builds housing (complexes "Settlement of Artists", "Falcon's Nest", "Constellation Capital"), rents out premises in shopping complexes already built by one's own hands ("Metromarkets" at three metro stations) and large class "A" office buildings ("Capital Plaza" on Lesnaya and "Capital Tower" on Brestskaya). But, unlike Mirax Group and ENKA, Capital Group has not yet started the active phase of development of its site in the most promising business district, Moscow City. “Everyone already has buildings visible, but there is still a foundation pit at the Capital Group site,” says one of the market participants. “They are too dependent on their housing projects.”
15. Legion Development
Expensive offices as a side business of the insurer
The top floors of the Legion I business center on Bolshaya Ordynka are called VIP offices by the building's managers. The height of the ceilings there exceeds seven meters. On the last, eighth, floor - a room of 200 sq. m under a glass dome, which offers stunning views of old Moscow. You can get to this “office” only by a spiral staircase.
The owner of the building is Danil Khachaturov, head and main shareholder of Rosgosstrakh. The insurance company, by the way, lodges right there, in one of the buildings of the complex. Khachaturov's real estate business is managed by Legion Development. AT next year its assets will be replenished at the expense of the Legion II complex at the site of the former bladed machines plant near Taganskaya Square (the same one that Vyacheslav Doronin from Capital Group once sold). A little later, three more buildings will be built along Kutuzovsky Prospekt: in the area of the Kievsky railway station, at the intersection with the Third Transport Ring and at the intersection with Rublevsky Highway.
16. Mirax Group
Professional developer with big ambitions
“There are big companies in Russia that want to build their own office,” Sergei Polonsky, president and co-owner of the Mirax Group Corporation, complained in an interview with Forbes about amateur developers. - I do not understand this. Professionals have 10 times less expenses, you can buy five new offices with the money you save!”
It is not without reason that Polonsky considers himself a professional. A few years ago, the head of Mirax Group and his partner Artur Kirilenko built housing in St. Petersburg. They have been friends in Moscow only since 2000, they have the Korona and Golden Keys 2 residential complexes, a large (60,000 sq. M.) Pollars class B + business center on Derbenevskaya embankment. But the most interesting is yet to come. By 2008, Mirax Group will complete the construction of the tallest office building in Europe, the 354-meter Federation Tower, on the territory of the Moscow City area. The total area of the complex will exceed 400-000 sq. m.
17. Romanov Development
Office complex in the very center of Russia
A single parking space in the underground car park of the Romanov Dvor-2 office center will cost you $6,000 per year. It is easier for other businessmen to rent an entire office in former industrial zones on the outskirts of Moscow for such an amount. How could it be otherwise, because parking spaces 500 meters from the Kremlin are a terrible shortage.
Having established itself on a plot of land behind the old building of Moscow University, Gagik Adibekyan's Romanov Development Group is steadily developing its success. The first stage of Romanov Dvor, put into operation in 1997, included 6200 sq. m of offices; the second stage (2004) - already 22-700 sq. m, including a VIP cinema and shopping area. In 2005, another 8,000 sq. m office space. The cinema does not enjoy success - at one of the evening sessions, the Forbes correspondent was the only spectator in the hall for 72 people. But does it really matter if every square meter of office space brings in up to $1,100 a year? In a year, revenues will increase: in 2008, the third phase of Romanov Dvor with a usable area of about 14,000 square meters will be commissioned. m
18. Bosco di Ciliegi
Thunderstorm of GUM tenants
The owner of Bosco di Ciliegi, Mikhail Kusnirovich, will eventually fall out of our rating. The GUM Trading House, which he bought in 2004, is now subletting 85% of the main department store on Red Square, but Bosco's own boutiques will gradually crowd out outsiders. By the end of this year, tenants will leave 35% of the territories of GUM, final goal Kusnirovich - to occupy half of the retail space of the country's most famous store. In the Vesna trading house on Novy Arbat, Bosco has already completed its expansion, occupying most of the space.
And from the branches of GUM in the districts of Moscow, stores with an area of 400 sq. m to 6000 sq. m, it was decided to get rid of it altogether: “The rental rates here are extremely low, there are no air conditioners and modern telephone lines. It is cheaper to build than to modernize,” explains Teimuraz Guguberidze, Managing Director of GUM. Potential buyers seem to understand this: so far only one out of eight retail premises has been sold. The new owner of the department store "Budapest" in the Moscow district of Kuzminki was the company "New Retail Technologies", controlled by the chairman of the board of directors of the trading house "Perekryostok" Lev Khasis.
19. ALM development
Luxurious offices for sale and affordable space for rent
Dmitry Krasnikov and Mikhail Lepekhov are strong "middle peasants" of the Moscow real estate market. Their profile is the purchase and reconstruction of buildings throughout Moscow, whether it is Zubovskaya Street in the Central District or Kavkazsky Boulevard in the south of the capital. Expensive class A offices ALM-development prefers to sell. For example, a 4-storey mansion on Chistye Prudy found a new owner (7610 sq. m, marble columns, underground garage, Venetian plaster walls). It is troublesome to manage such facilities, and the profitability of the business is lower than leasing large office buildings of a lower class. Buildings of the second type "ALM-development" keeps. A typical object is an office and warehouse complex in the north-east of the capital (34‑000 sq. m., open parking lot, plasterboard walls, no columns). For 7 years of work in this mode, ALM-development sold 14 buildings, leaving 9 objects with a total area of 190-000 sq. m. A quarter of this area is occupied by warehouses, which the company leases at an average of $120 per sq. m. m per year.
20. Optimatechnostimulus (Cherry Tower)
Expensive retail and office complex with obscure roots
For an outsider, studying the Moscow real estate market is like watching the life of an aquarium. All objects are visible, participants of all events are known. But their true status, the system of relationships and the laws by which this small world lives, cannot be determined. Here, for example, is the gigantic (19 floors, total area over 100,000 sq. m.) shopping and office center Cherry Tower, known to every resident of the Novye Cheryomushki district in the southwest of Moscow. Let's follow his biography. In the 1970s, this building was founded as the Book House. In 2001, the deputy head of the Ministry of Property, Shalva Breus, was included in the joint commission of the ministry and the Moscow City Hall on long-term construction problems. In 2002, the failed Book House mysteriously disappeared from the list of long-term construction projects in Moscow. A year later, it is already known as "Cherry Tower" and belongs to CJSC "Optimatechnostimulus", whose representative is a certain Ilya Rafalovich. Shalva Breus resigned from the civil service in order to head the investment Ost West Group. And Ilya Rafalovich became the project manager of Ost West Group in the field of real estate (in particular, the purchase, reconstruction and leasing of research institute buildings in Moscow). So who owns the Cherry Tower complex? CJSC "Optimatechnostimul" does not disclose its founders.
21. UK Ramzen
Shopping malls away from customers
You can't build water parks in Moscow, nothing good will come of it anyway. Judge for yourself. The first such object, "Akvadrom" on the Aminevsky highway with an area of 43,000 square meters. m, began to build back in 1997, but abandoned halfway. There is a trial over the owners of the building: the funds allocated by Gazprom for this project have disappeared somewhere.
Everyone knows about the tragic fate of the water-entertainment complex "Transvaal-Park": in February 2004, an accident occurred, the water park did not work even for two years.
Nikolai Aristov and Igor Ponomarev, co-owners of the Ramzen company (which manages the projects of the National Bank for Mutual Credit in the field of real estate), thought to bring positive things to this business. In January of this year, it was planned to open a water park as part of the XL-3 shopping and entertainment complex on the Yaroslavl Highway. It did not work out: on November 25 last year, a fire destroyed an unfinished building. “Looking from the balcony, I saw a column of flame engulfing artificial rocks,” an eyewitness, a worker of one of the construction teams, describes his impressions on the Internet.
However, the XL-3 retail space was not affected. The total area of commercial real estate managed by Ramzen, including two more XL shopping malls in the north of the capital, is close to 100,000 sq. m. And it would be better for superstitious people to refuse the idea of building water parks in the capital region.
22. Daev Plaza
Properties related to a person who looks like Ashot Yeghiazaryan
The real estate market is sure that the luxurious Daev Plaza business center in the center of Moscow belongs to the State Duma deputy from the Liberal Democratic Party Ashot Yeghiazaryan. At least, it was in this building that Unicombank used to be located, co-owned by Ashot Yeghiazaryan. However, on all issues related to the real estate of the people's choice, his press secretary advised to contact Dmitry Garkusha, the general director of Daev Plaza. Garkusha was laconic: "I would like to get away from these questions." So be it. Let’s just list the projects Garkusha manages: the huge (90,000 sq. m.) Europark shopping center on Rublyovka, the construction of an office and retail complex at the intersection of the Moscow Ring Road and Mozhayskoye Highway, the project for the reconstruction of the Moscow Hotel for $ 600 million. As a representative company "Ligastroyproekt" Dmitry Garkusha participated in a recent auction for the hotel "Ukraine", but failed: the object went to Zarakh Iliev (No. 1 of our list).
23. Bank Globex
Bank with significant interests in real estate
“Novinsky Passage has the largest usable area of an office floor in Moscow, 6,000 square meters,” Alexei Ivanov, Vice President of Globex Bank, boasts in an interview with Forbes. The bank purchased an unfinished facility on Novinsky Boulevard in 2001, and two years later the Novinsky Passage shopping and business center was opened here with a usable area of 46,000 sq. m. m. In total, $100 million was spent on the project. But now the facility, according to PricewaterhouseCoopers, costs $350 million and brings the owner almost $30 million a year through rent alone. A good argument in favor of continuing the real estate business. This year, the construction of a shopping and entertainment complex in Novosibirsk, financed by Globex, should be completed (the volume of investments is $60 million), next year a shopping and entertainment center in Tolyatti ($50 million) will open. And another $320 million will have to be spent on Globex's most ambitious project, Slava Business Park, with an area of about 200,000 square meters. m not far from "Belorusskaya". The watch production of the Slava factory located here has already been moved to the south-west of the capital, the tenants will move into the complex in 2008.
24. Tashir
Diversified Armenian investor
“Tashir is a family, Tashir is freedom, Tashir is a gate to a bright world. Let the Armenian flag of Tashir fly in the heart of the Russian people ... ”This is how the group’s official website characterizes the activities. More specifically, Samvel Karapetyan's holding company, born in Kaluga, now unites three dozen companies and about 10,000 people: this is the production of plastic windows and furniture, corrugated cardboard and foam plastic, clothing and confectionery; the group operates 9 supermarkets, hotels in Kaluga and Sochi. Recently, Karapetyan has also been working in Moscow. Last summer, Tashir opened the RIO shopping center (92,000 sq. m) in the south of the capital and is already building the next shopping center, now in the north. How did the Kaluga group manage to penetrate the sealed Moscow real estate market? “We use the opportunities of the Armenian Diaspora and the traditional propensity of my compatriots for entrepreneurship,” said Samvel Karapetyan in an interview. (Read more about the economy of the Armenian diaspora on page 98.)
25. Your financial advisor
Offices, warehouses and indoor tennis court
And ten years ago, and today Vasily Boyko, owner investment company"Your Financial Trustee" is best known as a master of hostile takeovers and greenmail. In 1996, for example, he tormented the Trans World Group, at that time the main owner of the Bratsk aluminum plant. In 2001, Boyko carried out an operation against Severstal at the Olenegorsk enrichment plant (the main supplier of raw materials for the metallurgical giant). In 2003, he helped the management of Rosenergoatom to seize control over the construction of the Kalinin NPP from the Neftyanoy bank. However, corporate wars did not prevent Vasily Boyko from quietly building his own, noticeable on the scale of Moscow, business in the field of commercial real estate. Boyko bought frozen industrial enterprises, reconstructed buildings or built new ones. Today, Your Financial Guardian controls real estate with a total area of more than 90,000 square meters. m. Basically, these are cheap warehouses and offices, but there are also expensive objects. According to Boyko, about half of the revenue comes from the Na Spartakovskaya business center. Previously, the car repair plant No. 6 was located here, and now, among other things, one of the most expensive indoor tennis courts in Moscow, where an hour of training with a coach will cost €90.
26. Auchan
Side business of the retail giant
The turnover of Russian hypermarkets of the French company Auchan in 2005, according to Forbes, exceeded $800 million. Is it worth thinking about anything other than trade? Costs. Auchan sells goods with a minimum margin, in such a business every penny counts. And if there is not much space left in the aisle in front of the cash desks, it can be rented out to small tenants: merchants mobile phones, gifts or green tea, dry cleaning, etc. In one complex for these tasks, you can carve out from 1000 sq. m to 10‑000 sq. m, and in general to receive $ 26 million per year for the network.
At the end of December, the governor of the Moscow region, Boris Gromov, gave Auchan a New Year's gift. In accordance with the agreement on cooperation signed by the parties until 2010, the authorities of the Moscow region will allocate trading network five sites for construction near the Moscow Ring Road, as well as several sites in cities located within a radius of 40–50 km from the capital. Accordingly, Auchan will improve its positions not only in the ratings of the largest retailers, but also in our rating of the largest owners of commercial real estate.
27. PFPG Reflty
Big oilman's pocket money
Where to attach the surplus cash - buy an apartment in Moscow? And what if you are a vice-president of LUKOIL and your income corresponds to your status? At one time, Andrey Kuzyaev, a Perm entrepreneur, helped Vagit Alekperov establish control over the oil industry in the Perm region. Kuzyaev left the oil projects, having received about $400 million from the sale of his shares in 2003. The entrepreneur invested part of this amount in three first-class Moscow office buildings.
The Central City Tower business center was put into operation only at the beginning of 2005, its completion required certain expenses, so it is still difficult to calculate the return on investment. Two other buildings with a total area of about 23,000 sq. m, which at the time of purchase were already occupied by tenants, cost Kuzyaev $ 50 million. Over the past couple of years, rental income has amounted to about $ 24 million (excluding VAT and operating costs). In addition, the price per square meter of office real estate increased by more than 20%. Let's summarize: for two years, the return on invested funds amounted to 70%. Not bad. Although if the vice-president of LUKOIL had bought shares of his company instead of offices, he would have received almost three times more income. LUKOIL shares grew faster than Moscow real estate prices.
28. AFK Sistema
Moscow developer with a special position in the market
“Our investment portfolio is over 2.5 million sq. m. m, - Andrey Zakrevsky, vice president of Sistema-Hals, says in an interview with Forbes. “No one else has.” In other words, for such a volume of construction, the company that manages real estate projects of Sistema Corporation has all the documents drawn up. However, Sistema-Hals receives more than a modest amount from the lease of objects.
Until recently, Sistema-Hals sold most of the constructed buildings. The rent payments came only from the building " children's world” in the center of Moscow and the Mosdachtrest company, which manages, in particular, a cottage village in Serebryany Bor. Now everything is changing. “We want to turn from a development company into a full-fledged real estate company,” says Zakrevskiy. In figures, this is expressed as follows: out of every ten facilities built, Sistema-Hals should keep eight for itself. Last year, AFK Sistema placed its shares on the London Stock Exchange. But foreign investors do not really like the instability of Sistema's design - telecommunications occupy too much of a diversified corporation's business. The skew can be leveled by pumping Sistema-Hals with tangible assets. “The company has a strategy - to keep large and beautiful office buildings,” Andrey Zakrevskiy confirms.
29. TEN group
Childhood friends from the southeast of Moscow
The five co-owners of the TEN group of companies are the same age, they lived in the neighborhood and have been friends since childhood. Ruslan Gutnov and Dmitry Sudin even studied together as metallurgical engineers, and then worked at the Hammer and Sickle plant in the southeast of Moscow. During the perestroika years, Gutnov went to America to study economics, and when he returned home just in time for the beginning of market transformations, he and his friends took up real estate management: he sold, built, rented out. According to Gutnov, the partners deliberately limited the field for their experiments to the territory of the South-Eastern administrative district. In the early 1990s, 60% of the SEAD was occupied by industrial zones - take it and build it.
“We have always dreamed of building those same Megas - malls based on the American experience,” the partners explain. There was a lack of funds. The first major success of TEN was the creation in 1995 of a pedestrian zone in the area of Ryazansky Prospekt with shops and restaurants. Then there were shopping centers in Kuzminki, market areas near the Tekstilshchiki metro station and Ryazansky Prospekt. Now the dream has almost come true. The company owns shopping mall"L-153" with an area of 90‑000 sq. m, whose anchor tenant is the Auchan hypermarket, is building the Avia Plaza office complex for 40,000 sq. m. The volume of investments in projects for the next few years exceeds $300 million.
30. Presnensky Machine Building Plant
Offices on Presnya instead of machines
Is it relevant at the beginning of the 21st century to produce machines for finishing children's leggings with a trace in the Presnensky district of Moscow? So the owners of the Presnensky plant are not sure about this. Four office buildings with a usable area of 40,000 sq. m. For a square meter of these buildings tenants pay up to $600 per year. It is not known for sure who the real owners of this profitable enterprise are: firms with meaningless names appear in the databases. But one thing is clear: they are now unlikely to return to the production of “universal felting machines”.
The Moscow Architecture Committee has already approved the construction of a cultural and administrative center on the territory of the PMZ with a total area of 135,000 sq. m - a complex of buildings from 3 to 15 floors, the center of which will be a 24-storey tower, plus parking for 1000 cars.
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