Stockmann will sell the last object in Russia - the Nevsky Center shopping center in St. Petersburg Shopping center "Nevsky Center" in St. Petersburg
09.02.2018 3075

Stockmann will sell the last object in Russia - the Nevsky Center shopping center in St. Petersburg

The new owner of the Nevsky Center shopping complex, located on Nevsky Prospekt St. Petersburg, will be the American Morgan Stanley fund, Kommersant writes.

According to one of Kommersant's interlocutors, an agreement on the deal between Morgan Stanley and the current owner of the Stockmann Group has already been reached, its cost will amount to € 180-200 million.

The total area of ​​the shopping center "Nevsky Center" is 103 thousand square meters. m, it is located at the intersection of Nevsky Prospekt and Vosstaniya Street. The object after reconstruction (for which Stockmann Group spent € 170 million) was opened in 2010. In 2015, Stockmann Group announced the sale of its department stores in Russia to Reviva Holdings Ltd (owns the Debruss company, which develops British brand Debenhams department stores in Russia through a franchise). The deal amounted to € 5 million. Nevsky Center is Stockmann's last project in Russia.

The buyer of the trading center, Morgan Stanley has been working in the Russian market for a long time. In 2013, the structure bought out the shopping and entertainment part (205 thousand sq. M) of the Metropolis complex in the north of Moscow for $ 1,2 billion, and in 2012 invested $ 1,1 billion in the Galereya shopping center (192 thousand sq. M.) m) in St. Petersburg.

The American fund Morgan Stanley will become the new owner of the Nevsky Center shopping mall located on Nevsky Prospect in St. Petersburg, - writes ...
5
1
Rating

Latest News

Brunello Cucinelli reported sales growth of 14,1% in the first half of 2024

Italian luxury brand Brunello Cucinelli reported preliminary results for the first half of 2024, with revenue of 620,7 million euros. Sales increased by 14,1% at current exchange rates and by 14,7% excluding...
12.07.2024 438

On the most fashionable street in St. Petersburg, street retail rent increased by 1,5 times

Bolshoi Avenue of the Petrograd Side has been the main Fashion thoroughfare of the Northern capital for many years. Over the past year and a half on this street, according to the consulting company NF Group, the share of vacant space has decreased by 5 percentage points and...
12.07.2024 524

Jacquemus and Nike presented a new collaboration for the Olympics in Paris

An updated Nike Air Max 1 sneaker, a new version of the Swoosh and a capsule collection of sportswear are the result of the latest collaboration between French brand Jacquemus and American sports giant Nike. Collection…
11.07.2024 536

Shoes of the season - luxury flip-flops

Flip flops are back. Or rather, they have already returned to fashion this summer, although now they are not just rubber shoes. The trend for chic and comfort dictates its own rules. Now flip flops and other types of flip-flops must be made of natural...
10.07.2024 629

Brands are opening pop-up spaces on beaches

Fashion brands don't let you forget about yourself during the beach season. Pop-up spaces appear right on the beaches.
10.07.2024 640
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning