Torgovy Kvartal won the tender for managing the Madagascar shopping and entertainment center in Tolyatti. The duration of the management contract is 5 years. The mall with a total area of 22 thousand square meters is located in the center of Tolyatti, its anchor tenants are the Snezhnaya Koroleva, Rive Gauche, Polaris, McDonald's stores, Crazy Park children's play area, etc.
According to experts of the Torgovy Kvartal real estate management department, the primary task will be to increase the profitability of the property. It can be solved by adjusting the composition of tenants, as well as by increasing the share of non-rental income.
The crisis period significantly affected the profitability of the facility and its position in the market, however, the experts of Torgoviy Kvartal developed a plan for the operational management of the facility, which will allow to level out earlier mistakes.
According to the Chairman of the Board of Directors of Torgovy Kvartal Group of Companies Mikhail Kirsanov, at this facility Torgovy Kvartal will also use the practice of calculating the rental rate in terms of interest on turnover. “This motivates the management company to work in tandem with retail operators to attract the largest number of customers to the shopping center,” commented Mikhail Kirsanov.
Torgovy Kvartal is a Russian development company that has been operating in the commercial real estate market for over 10 years and has been implementing projects of shopping and entertainment and multifunctional centers under its own brand.