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The owners of the "European" will build a shopping center at the All-Russian Exhibition Center
26.10.2011 2211

The owners of the "European" will build a shopping center at the All-Russian Exhibition Center

A new shopping and entertainment complex with an aquarium may appear on the territory of the All-Russian Exhibition Center. Its area will be 300 000 square. m, writes Kommersant. The co-owners of the shopping center "European" and the hotel "Ukraine" God Nisanov and Zarakh Iliev want to build the mall. In exchange, they offer to restore part of the pavilions and fountains at the All-Russian Exhibition Center at their own expense and are ready to invest about $ 1,5 billion into the entire project. First Deputy Prime Minister Igor Shuvalov, who left the chair of the center’s board of directors on Friday, preliminary approved this plan.

Meanwhile, the Moscow government is suing Nisanov and Iliev. At the end of July, the City Hall Property Department filed two lawsuits against the owners of the Evropeisky shopping complex in the Moscow Arbitration Court. In April 2003, the city and CJSC Kievskaya Square entered into an investment contract for the reconstruction of the Kievsky Station Square. And initially it was assumed that during the reconstruction a shopping center with an area of ​​72 thousand square meters will be built. m, 30% should have gone to the city. The center turned out to be 2,5 times larger (179 thousand square meters), but the city did not receive anything.

Because in June 2004, the parties signed an additional agreement to the contract. For the management of the project, JSC “Ploshchad Evropy” was created, and the parties contributed their shares in the project to its capital. Moscow received in the capital of “Europe Square” 30%, “Kiev Square” - 70%. Now not all the areas of the "European", but 53 984 sq. m. Here in Moscow, and can claim to 30% - 16 195 square. m

The difference between what Moscow has and what it claims to be is 37 789 sq. m. In its lawsuits, the city does not dispute the supplementary agreement, but the registration of property rights to the entire complex - it asks that the right of ownership of the “Square of Europe” to 53 984 sq. m and "Kiev Square" - on 125 961 square. m

A new shopping and entertainment complex with an aquarium may appear on the territory of the All-Russian Exhibition Center. Its area will be 300 000 square. m, writes Kommersant.
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