L-153 (shopping center)

History

2024: "RM management" bought the shopping center "L-153"

RM Management acquired the L-153 shopping center in Moscow from Sberbank. The deal was closed at the end of July 2024, according to data from the SPARK-Interfax service.

According to Vedomosti, a shopping complex with an area of ​ ​ 70,000 square meters. m, located on Lublin Street, has already been renamed "Love Mall." The facility was previously owned by the Teng Corporation and was built in 2004.

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Love-mall

The new owner of L-153 was RM Management, the largest owner of which is businessman Mikhail Titov. The entrepreneur specializes in the furniture business and owns the Domashny salon in Angarsk, as well as the Furniture City shopping center in Irkutsk.

Real estate market experts differ in estimates of the value of the transaction. Andrey Trubachev, director of the investment and capital markets department at CORE.XP, believes that the amount could have amounted to ₽1 - ₽1,2 billion. At the same time, Mikael Ghazaryan, head of the capital markets and investment department at IBC Real Estate, estimates the cost of the complex at ₽2,5- ₽3 billion.

Experts suggest that the new owner may redesign the shopping center for the sale of furniture and household goods, given its specialization. Ricci|Blackstone partner Alexey Sigal admits the possibility of creating an analogue of IKEA against the background of the departure of Western brands and the lack of furniture retailers.

Sberbank received "L-153" along with five other shopping complexes from the corporation "Ten" in November 2023 to pay off debts. Earlier, the bank tried to sell these objects for ₽12,6 billion, but to no avail. "L-153" became the first shopping center from this portfolio that was implemented.

According to the NF Group, in the first half of 2024, investments in shopping centers amounted to ₽50 billion, which corresponds to 15% of all investments in commercial real estate. This is less than in 2023, when the share reached 33%, which is explained by the closure of a number of major transactions in 2023.^[1]

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