Rieker
St. Petersburg "Gallery" went towards the tenants
13.03.2015 5109

St. Petersburg "Gallery" went towards the tenants

The Galereya shopping and entertainment center begins negotiations on discounts with tenants who, since the end of last year, have been sending letters to its management aleatherg them to revise their contracts. There are about 300 tenants in the complex. Of these, seven - eight anchor pay not the rental rate, but a percentage of the store's turnover, the rest, with the collapse of the ruble, found themselves in a situation where all their profits were eaten up by rent. Baldinini, Individuel and others have already closed in the Gallery in recent months. "Gallery" is almost the last shopping mall in St. Petersburg, which continues to keep rates in foreign currency.

In mid-November, the main share of the tenants of the "Gallery" will end their lease agreements. According to Colliers, the owners of the complex are ready to negotiate with 60 - 70% of tenants.

Recall that the Gallery complex belongs to the American fund Morgan Stanley, which bought it in 2012 for $ 1,1 billion.

The Galereya shopping and entertainment center begins negotiations on discounts with tenants who, since the end of last year, have been sending letters to its management aleatherg them to revise their contracts.
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