Rieker
Rent in GUM can triple in price
29.04.2011 8272

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
Euro Shoes Exhibition

Latest News

Modest Fashion Day in Kazan

This week, on May 19-20, within the framework of the XIII International Economic Summit "Russia - Islamic World: KazanSummit 2022", Modest Fashion Day will be held, organized by the Investment Development Agency of the Republic of Tatarstan in cooperation and…
17.05.2022 27

Polish CCC and Swedish Vagabond Shoemakers stop working in Russia

One of the largest shoe companies in Central Europe, the Polish CCC, announced on the home page of its online store that it would stop working in Russia. The announcement of the temporary suspension of the online store and retail network in Russia also…
16.05.2022 137

Portuguese startup Zèta and Nespresso launch sneakers made from coffee grounds

The collaboration between Portuguese fashion company Zèta and Nespresso coffee maker resulted in the creation of a pair of sneakers, the upper and sole of which contain recycled coffee grounds.
16.05.2022 149

Wildberries opened a logistics center in Armenia

Wildberries opened the first logistics center in Armenia and launched direct sales of goods from local business representatives on the online platform using the “mock-place” model (from its own warehouses…
16.05.2022 113

The Rebook business in Russia was transferred to the Turkish holding FLO

The Russian division of the Reebok sporting goods network, after announcing the suspension of the brand in the Russian Federation, acquired the large Turkish holding FLO, Kommersant writes, citing information from a trading…
16.05.2022 174
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning