Seasons

History

2025: Capital Management bought the Seasons shopping center

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.

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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.^[1]

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