‘Kopeika’s Ex-CEO Samonov to build Moscow shopping centers with the Portuguese developer

Alexander Samonov, the Founder and the ex-CEO of the nationwide Russian retailer ‘Kopeika’, has found new partners to boost his development business in Moscow.  The company Accent Real Estate Investment Managers  (AREIM) (http://www.areim.ru), which  he founded in 2007, is actively pursuing partnership with the Portuguese shopping center specialist Sonae Sierra to develop three objects in Moscow and suburbs. The expected investments in the three initial projects are estimated to exceed $180 million.

According to the AREIM’s Retail Asset Manager Alexey Vanchugov as quoted by kommersant.ru, the partnership between the two companies consists of two distinct parts. At first, the Portuguese are planning to renovate and finish the second construction stage of the shopping center ‘Viva!’ in Butovo (South Moscow).  Then the two companies will create a Joint Venture and together build shopping centers in Moscow. At present AREIM and Sonae Sierra discuss the construction of three medium-size shopping centers (~ 30.000 m sq.) in the Russian capital. The approximate cost of each of the centers can reach up to $60-90 million. 

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Moscow Mayor Sergei Sobyanin Makes Order Establishment Steps Towards City’s Railway Stations

Moscow mayor Sergei Sobyanin has forced his functionaries to rush up with the plan to lend the spaces around city’s railway stations to OAO “RZD” and put things into order there. He has promised city’s citizen to resolve dramatic situation by September of this year.

Agreement to lent those spaces to Russian Railways holding has been reached in April this year. On Friday, May 20, during the inspection of Moscow railway hubs Sobyanin stated that agreements has been signed. 

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