Russian shopping centers will sell through Amazon

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www.vsyako.netPhoto: Igor Ivanko / “Kommersant”

On the website Avito has begun to receive the announcement of the sale of the Russian trade centers (TC). This happens on the background of falling revenues, lower income from rents and having to pay taxes when facilities are idle.

So, for $ 11.5 billion rubles on the market shopping center on the Arbat in Moscow. “Offered for sale shopping center with a total area of 8.5 thousand square meters, located on the first line of Arbat street. The current and income-generating rental business”, — said in the announcement. It is noted that the payback period will be eight years, and 100 percent of the area occupied by long term tenants.

The shopping center “Prague” area of 9,754 thousand square meters in a residential area of Moscow is given for 334,5 million rubles. Following the announcement, almost all area of the complex is also rented. It is noted that the proposal is urgent.

In other regions of Russia there is the same tendency, mainly the announcement of the sale of shopping centers was published in may.

On may 22 the state Duma in the third final reading passed a law that allows the victim of the coronavirus that causes the business to terminate lease contracts with owners of shopping malls unilaterally. Two weeks earlier, the chief architect of the capital Sergei Kuznetsov said that the large Moscow shopping centres will be unprofitable for the owners and will be demolished after the pandemic.

Video, photo All from Russia.

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