Find in the news:
BY COUNTRY

The Arab Fund Paid Over $480 mln for the Shopping Mall in Russia



One of the largest deals in retail real estate has been closed on the Russian market.
The Arab Fund Paid Over $480 mln for the Shopping Mall in Russia

One of the largest deals in retail real estate has been closed on the Russian market - an American conglomerate Morgan Stanley sold 49% of the shopping and entertainment center "Galeria" in St. Petersburg. The buyer was the Arab fund Mubadala, and the amount of the transaction, presumably, was more than 480 million dollars. 

The deal was concluded at the end of 2019. It is reported that after the sale of 49% of the complex, Morgan Stanley will continue to manage the facility. Due to the sale of the complex, the total investment activity in the market of St. Petersburg has increased by more than 40%, according to Malls.ru

Founded in the UAE investment fund, Mubadala operates with assets in real estate, retail, construction, and other areas. The fund's portfolio today is estimated at $226 billion. In Russia it owns 25% of Pulkovo Airport, as well as 22.5% of World Class fitness club chain and other assets. 

According to expert estimates, the cost of Galeria shopping mall is about $1.3 billion, and in the deal with Mubadala, a 49% stake could be sold for 480 to 560 million dollars. Today, the shopping center is the most expensive and most visited in St. Petersburg, with about 27 million people per year. 

Related shopping malls and stores:



More about shopping malls in Russia



YESTERDAY, USA:
The new owners of the company are Authentic Brands Group, Simon Property Group, and Brookfield Property Group.
YESTERDAY, Spain:
The long-awaited opening of a new shopping center by McArthurGlen took place in Malaga.
DAY BEFORE YESTERDAY, Russia:
Sistema Finance S. A., a subsidiary of Russian AFK Sistema, will allocate up to EUR 263 million for financing the transaction.
DAY BEFORE YESTERDAY, USA:
The discount service will no longer sell staff, only experiences.
Feb 18, 2020, USA:
The brands represented include Rick Owens, Marni, Balmain, Versace as well as Rag & Bone and Adidas Special Collections.
Feb 12, 2020, USA:
The Fashion House has announced plans to open a new restaurant in Beverly Hills.
Friend
and Follow
I Viali GLA:452 084 SF
ADDRESS: Via Dei Cacciatori 111 - 10042 Nichelino TO - Piemonte
Italy . Torino
I Viali
Mall of Scandinavia GLA:1 087 155 SF
ADDRESS: Evenemangsgatan 11 169 56 Solna
Sweden . Stockholm
Mall of Scandinavia
Arkadia GLA:1 184 030 SF
ADDRESS: Aleja Jana Pawla II 82, 00-175
Poland . Warsaw
Arkadia
Shopping City Süd GLA:1 862 156 SF
ADDRESS: Europaring 2334 Vösendorf
Austria . Vienna
Shopping City Süd


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us