A small shopping center will be opened on the territory of the Kazansky railway station in Moscow. The rights to create the gallery were acquired by a structure controlled by Vladimir Fischer, the former manager of the retail chains Pyaterochka, Vester and Bely Veter, during the Russian Railways competition, writes RBC Daily.
The company received the rights to operate a shopping center at Kazan Station until 2021. The company "Railway Service", according to the Unified State Register of Legal Entities, was founded in the summer of 2010 by Vladimir Frischer and Natalia Ulyanova.
Under the terms of the auction, OOO Railway Service will create a new company, the controlling stake in which (50% + 1 share) will be transferred to Russian Railways. Directorate of railway stations will provide space for the creation of a shopping center, and the winner of the auction will sublease part of the premises.
The total area of the shopping gallery will be 5300 square meters: tenants will be located above the platforms and on the top floor of the station. It is assumed that the commissioning of the complex will take place in December 2011. Experts believe that the rental rates for retail premises at the Kazansky railway station will be up to $ 700-800 per sq.m. per year, and the total income from the operation of the shopping center - up to $ 1-2 million per year. For a management company, the standard remuneration ranges from 2,5 to 3 percent of the complex's net operating income.