Yaroslavl Opening Day (shopping center)

History

2024: St. Petersburg "Global Management Assets" bought from the Israelis shopping center "Yaroslavsky Opening Day "

On December 9, 2024, it became known that the St. Petersburg company Global Management Assets, led by Ruslan Rovny, acquired the Yaroslavsky Opening Day shopping center with an area of ​ ​ 65 thousand square meters. m from the Israeli Mirland Development. The facility was previously owned by Cyprus-based Inverton Enterprises Limited.

According to Kommersant, the value of the transaction is estimated by experts in the range from ₽1,5 billion to ₽5 billion. According to Mikael Ghazaryan, head of the capital markets and investment department at IBC Real Estate, the asset could have been sold for ₽4,5-5 billion.

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Vice-President of the Union of Shopping Centers Pavel Lyulin calls the lower price - ₽1,5 -2 billion, explaining this by reducing the attractiveness of the facility after the opening of the Aura shopping center in the center of Yaroslavl.

The revenue of the managing shopping center of Global 1 LLC in 2023 amounted to ₽604,9 million, an increase of 5%. The company made a net profit of ₽178,8 million after a loss of ₽1,8 billion in 2022.

The new owner will have to continue the trial initiated by Global 1 LLC in the spring of 2024. The company is trying to recover ₽2,5 billion from the Cypriot Windeatts Limited. Managing Partner of Nova Inc. Pavel Zhelnovod suggests that the lawsuit is related to the debt of one of the structures of the Mirland Development group.

According to CORE.XP, the volume of investments in shopping centers in Russia in January-November 2024 decreased by 70% to ₽77 billion compared to the same period in 2023. The volume of new construction decreased by 5% to 351 thousand square meters. m.

Yaroslavsky Opening Day is considered the last Russian asset of Mirland Development, which began operations in Russia in 2004 as a division of the Israeli Fishman Group. During the work, the company implemented projects with a total area of ​ ​ 1.3 million square meters. m.^[1]

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