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.