Seasons

History

2025

"Kievskaya Ploshchad" bought "Seasons"

In April 2025, it became known that the Kievskaya Ploshchad group of companies acquired the Vremya Goda shopping center on Kutuzovsky Prospekt in Moscow. The structure associated with the holding bought the luxury object at auction for ₽16 billion, becoming the only bidder.

According to RBC, the winner of the auction was the company "Achievement," which is confirmed by the trading protocol published on the website of the Russian Auction House (RAD). The asset went to the winner at almost the starting price. According to the Unified State Register of Legal Entities, Achievement belongs to businessman Robert Uzilov (74%) and Vesna (26%), controlled by Mardakhayu Nisanov. Uzilov also owns 50% in Foodlogistic LLC, associated with the Kievskaya Ploshchad Group of Companies.

𝓲

Фото: Freepik

Kievskaya Ploshchad is the largest owner of commercial real estate in Russia. For several years, the company has been ranked first in the Forbes magazine ranking of owners of commercial real estate in the country. Her rental income for 2024, according to the publication, amounted to $2 billion. The main owners of the group are businessmen God Nisanov and Zarakh Iliev.

Among the projects of the Kievskaya Ploshchad group are the capital's Evropeisky and Shchelkovsky shopping centers, the Depot food mall, the Olimpiysky sports complex, and the Rossiya hotel complex in Zaryadye. Over the past two years, the company has significantly expanded its portfolio by acquiring the Riviera shopping and entertainment center on Avtozavodskaya Street for ₽10 billion and the Central Children's Store on Lubyanka, the deal for which was estimated at ₽10-20 billion.

Shopping center "Seasons" is considered one of the most famous premium shopping complexes in Moscow. It was built in 2007 by Octan Plus Alpha, Marr Capital and Patero Development. The total area of ​ ​ the object is 66 thousand square meters. m, the land area is 2 hectares. Until 2022, boutiques of the largest Western fashion houses - Chanel, Dior, Louis Vuitton - worked in the "Seasons." Current tenants include Rolex, Emporio Armani, 12 Storeez, Ulyana Sergeenko and others.^[1]

"Capital Management" bought the shopping center "Seasons"

The Luxembourg development company RD Property Holdings, part of the investment holding RD Group Gagik Adibekyan, on December 20, 2024 completed the sale of Octan Plus Alpha, which owns the Vremya Goda shopping center, to Capital Management. Such data from SPARK-Interfax became known in January 2025.

According to Vedomosti, the new owners of the shopping center with an area of ​ ​ 65,982 square meters. m were the partners of the law firm CLS - Dmitry Churin with a share of 99% and Vadim Kovalev with a share of 1%. NF Group partner Stanislav Bibik estimates the market value of this premium facility at ₽25 -27 billion.

𝓲

Фото: vremenagoda-moscow.ru

The history of the shopping center began in 2007, when businessman Yuri Tyumentsev, together with the developers Patero Development and Marr Capital, completed its construction. In 2008, the facility was sold to Canadian Ivanhoe Cambridge and Austrian Europolis for $500 million, after which it came under the control of the Romanov Property Holdings Fund.

According to the publication, Konstantin Lushnikov, managing partner of ProLex, notes that the transition of Vremya Goda under the management of a Russian company can minimize currency and sanctions risks, but may entail additional tax charges when the tax authorities interpret the transaction as selling property.

The mall houses stores of well-known luxury brands including Mercury, Ulyana Sergeenko, Corneliani, Frame, St John and Eleventy. By December 18, 2024, Oktan Plus Alpha was supposed to repay bank loans worth ₽19,9 billion.

Representatives of Sberbank confirmed that the bank will continue to cooperate with the new owner of the shopping center as a creditor and mortgagee, while the facility is not under the control of the bank.^[2]

Notes