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Rent in GUM can triple in price
29.04.2011 7721

Rent in GUM can triple in price

The Federal Property Management Agency is conducting a GUM appraisal procedure, the building of which should be leased by December 10, 1 to the current tenant of the shopping center, Bosco di Ciliegi group in accordance with the government’s decision, the Kommersant newspaper writes. Previously indicated dates to 2059 year.

An official close to the Federal Property Management Agency notes that the new contract should provide for the possibility of subleasing GUM premises without tendering, as well as offsets on rent of all the amounts that the tenant spends on maintaining the building. This can increase the cost of renting space in the shopping center three times.

Blackwood Managing Partner Konstantin Kovalev believes that the city’s income from the GUM commissioning could amount to $ 50-75 million annually.

In September, the FAS approved the sale of 49% of Bosco's shares to GUM for 5,5 billion rubles. The head of Bosco Mikhail Kusnirovich left 51% of the group.

100 has single-brand clothing and accessories stores, including Jean Paul Gaultier, Dolce & Gabbana, Hugo Boss, Armani, Max Mara, Kenzo, shoe, watch and jewelry stores. According to Timur Guguberidze, Chairman of the Board of the GUM Trading House, the purchase of a Bosco blocking stake will significantly increase the attractiveness of GUM for shareholders.

The Federal Property Management Agency is conducting a GUM appraisal procedure, the building of which must be leased by December 1 to the current tenant of the shopping center, Bosco di Ciliegi Group, in accordance with ...
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