Rent in GUM can triple in price
29.04.2011 9337

Rent in GUM can triple in price

The Federal Property Management Agency is carrying out the assessment procedure for GUM, the building of which is to be leased by December 1, 2059 to the current tenant of the shopping center, the Bosco di Ciliegi group, in accordance with the government's decision, the Kommersant newspaper writes. Previously, the dates were until 2042.

 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.

The company has 100 mono-brand clothing and accessories stores, including Jean Paul Gaultier, Dolce & Gabbana, Hugo Boss, Armani, Max Mara, Kenzo, footwear, watches and jewelry stores. According to Timur Guguberidze, Chairman of the Board of the GUM Trading House, the purchase of a blocking stake in Bosco 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 ...
5
1
Rating

Latest News

Roger Vivier Releases Glamorous Viv' on the Run Sneakers

The design of the new sneakers from the French luxury brand Roger Vivier is reminiscent of the glamour era of the early 2000s. The upper is made of smooth nappa leather and mesh, the lightweight EVA sole has an original shape with protrusions, and the pair of shoes comes with…
16.01.2025 114

Proenza Schouler Design Duo Jack McCollough and Lazaro Hernandez Leave

Jack McCollough and Lazaro Hernandez, founders and creative directors of the American avant-garde fashion brand Proenza Schouler, are leaving their brainchild. The fashion world is wondering where the designer duo, who brought Proenza, founded in 2002, will go next…
16.01.2025 125

Australian brand Ugg Since 1974 changes name

Amid an ongoing legal battle with California-based Deckers, the owner of the UGG brand, the Australian manufacturer of sheepleather boots with the common name "ugg boots" Ugg Since 1974 is forced to change the name of its own brand. Now…
15.01.2025 227

Juicy Couture expands range with leather accessories and footwear

Known for its iconic chenille tracksuit, introduced in 2001 and quickly adopted by celebrities, American brand Juicy Couture is set to present at the upcoming Florence fashion fair Pitti Uomo total…
15.01.2025 187

Ecco strengthens its presence in Italy

The Danish footwear and leather goods brand Ecco, part of the group of the same name with a turnover of over 1,5 billion euros and operating worldwide, has set its sights on conquering the Italian market, writes…
15.01.2025 441
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning