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2022: Prospekt Group bought one of the largest shopping centers in St. Petersburg
On November 21, 2022, the Finnish construction group SRV announced the sale of Jupiter Realty 1 B. V., which owns the Okhta Mall shopping center with an area of 140 thousand square meters. m St. Petersburg.
The buyer was Cyprus Geomare Investsments Limited. SRV's share in the sale of the object is €4.3 million, the total amount of the transaction was not disclosed. In addition to Okhta Mall, the company also owns shares in the Pearl Plaza shopping and entertainment complexes (92,700 sq. m, together with the Chinese Shanghai Industrial Investment Company) in St. Petersburg and 4Daily (25,500 sq. m, partner - Trinfico) in Mytishchi near Moscow.
The company also manages the Solombala Mall shopping complex (43,500 sq. M) in Arkhangelsk and the Eightedges office (25,500 sq. M) in St. Petersburg. Here SRV Russia planned in 2023 to start building the multifunctional center "Okhta 5.x" on 133,000 square meters. m. It was to include five office buildings, an IT cluster, a medical center, a co-working space, a hotel and apartments. AFK Sistema, Central Properties and Kazan Unistroy were also interested in buying all these assets, but it never came to a deal with them, Vedomosti writes.
The ultimate beneficiaries of Geomare Investments Limited are not named. This company may be associated with the co-owner of the Yekaterinburg developer Prospekt Group, consultants who worked with SRV Group told Vedomosti. Earlier, the developer himself said that he was negotiating with SRV Group. According to SPARK-Interfax, Prospekt Group LLC belongs to Alexander Petrov and Cypriot Sigoury Limited. The latter is registered at the same address as Geomare Investments.
Market value of Okhta Mall interviewed by the newspaper market experts are estimated at 6.5-7 billion rubles. They also noted to the publication that the sale of this shopping center is one of the largest investment transactions in the retail real estate market in 2022.[1][2]
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