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Ufa (shopping center)

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2024: Norpexal sells Ufa shopping mall to Arab group Adreco Holding Limited

In August 2024, it became known that the Swiss company Norpexal sold its shopping and entertainment complexes in Ufa and Perm to the Arab group Adreco Holding Limited, registered in the United Arab Emirates. Among the assets that came under the control of the new owner are the Ufa shopping and entertainment complex and several large facilities in Perm, including the Semya shopping and entertainment complex and the Universam shopping center.

According to Kommersant, the deal was concluded after approval by the government commission for control over foreign investment in Russia. The EX Group of Companies, which manages the malls, confirmed the change of ownership, noting that the UAE company became the beneficiary. Representatives of the holding assured that the structure of top management and relations with tenants will remain unchanged, which will ensure stability in asset management.

Swiss company sold the largest shopping and entertainment complexes in Ufa to the Arab group

TRK "Ufa" is one of the largest shopping and entertainment complexes in the region and will continue to function as usual under the new leadership. A similar situation is developing with Perm facilities - TRK "Family" and "Universam." These shopping complexes are of significant interest to the new owner due to their strategic location and long-term tenants.

The change of asset owner is taking place against the background of an active restructuring of the Swiss business owned by the former governor of the Perm Territory Oleg Chirkunov. Asset sales were part of that process, which began back in 2020. In particular, TRK "Family," built 20 years ago, and "Universes" were offered for sale for several years. Earlier, the Swiss company has already sold a number of key assets, including the Family grocery chain and the Perm Central Department Store.

Kommersant experts estimate the value of Perm assets in the range from ₽4,5 to ₽6 billion, while the value of the Universam shopping center is estimated at ₽700 million.[1]

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