History
2025: Sber took Zelenopark shopping center for debts
In June 2025, it became known that the ownership of 123.6 thousand square meters. m of retail space of the Zelenopark shopping center in the Moscow region passed to Sberbank Capital JSC against a debt of ₽18,43 billion. The transaction is registered in the Unified State Register of Real Estate. The total area of the complex is 139 thousand square meters. m. Information about the transition of the asset appeared against the background of the restructuring of the debt of the previous owner.
According to Kommersant, earlier the owner of the shopping complex was Lidkom Investments Limited. The shopping center is located on the Leningradskoye highway near Zelenograd, of its total area of 15 thousand square meters belong to retailers Auchan and Leman PRO.
The facility was commissioned in late 2015 and faced serious problems almost immediately. Transneft - Upper Volga and Gazprom Transgaz Moscow appealed to the Arbitration Court of the Moscow Region with demands to recognize the building as a self-building and demolish it due to its proximity to gas pipelines and an oil pipeline.
The court supported the position of energy companies, but by the end of 2020 the parties managed to reach an agreement. The developer of Zelenopark was Development Group-19, founded by Bruce Gardner, who previously worked for Mikhail Gutseriev's MLP development company.
Sberbank initially acted as a creditor of the Zelenopark project. At the end of 2023, the financial institution secured in the Moscow Arbitration Court the recovery of debt from Lidk Investments Limited under loan agreements concluded in 2013.
The mall has been put up for sale repeatedly without success. In 2022, the facility was placed on the Sber A trading platform with an initial value of ₽18,7 billion, which decreased several times, but could not be found.
In early 2025, the Federal Property Management Agency unsuccessfully tried to implement a shopping complex for ₽6,6 billion. Alexey Vanchugov, Managing Partner of Vanchugov & Partners, noted that the project was overvalued from the very beginning, since its cost is significantly higher than the market price.[1]
Notes
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