An outlet called Outlet Village Pulkovo will appear in St. Petersburg. The complex will be located in the area of Pulkovskoe highway. The project is being carried out by the American company Hines (investor and developer) and its Russian partner - the investment fund UFG Asset Management.
It is known that the total area of the second outlet in St. Petersburg will be 30 thousand square meters. meters. The first floor will be given to a shopping center with an area of 15 thousand square meters. The tenant pool will be 95 retailers. The project provides parking for 1600 cars.
The developer is planning to commission the first phase in a year. Construction costs are estimated at $ 100 million. Experts from the St. Petersburg real estate market say that the volume of investments seems somewhat overestimated for the implementation of this project, and believe that the amount could be reduced by about 25%.