Auto dealer Fresh Auto bought out an unfinished business hub on Kaluga Highway in New Moscow
[ad_1]
The founder of the auto dealer Fresh Auto Denis Migal for 760 million rubles. bought a shopping center on the Kaluga highway in New Moscow, previously owned by the French investment fund MIG. Although the property’s key tenant remains the suspended retailer Decathlon, the property continues to generate significant rental income. But the new owner will still need to reformat the facility, which will require another 1 billion rubles.
MB-Avto LLC closed a deal to purchase the property complex of Calusualia 1 LLC for RUB 760.5 million. Information about this is contained in the federal register of bankruptcy information. The perimeter of the transaction included almost 2 hectares and buildings located on the sites with a total area of 28.5 thousand square meters. m on the 21st kilometer of the Kaluga highway is the Sosenskoye settlement in New Moscow. There is a shopping center at this address.
The beneficiary of MB-Auto, according to Kartoteka.ru, is Denis Migal. The entrepreneur is known in the automotive market as the founder of the Fresh Auto dealer. His representative did not promptly answer Kommersant’s questions.
General Director of Infoline-Analytics Mikhail Burmistrov calls the deal extremely beneficial for the buyer, as it was concluded at a price one and a half times lower than the market price. The low cost of the asset, according to the expert, partially offsets the possible risks.
The deal for the purchase of the project in Sosenskoye was concluded as part of the bankruptcy procedure initiated in June last year by Kalusualia 1 LLC. According to the data Kartoteka.ru, the beneficiary of this company was the Luxembourg-based Consualia Odin SA. On its balance sheet there was an object, although the main investor was originally Mig CJSC. This company represented the interests of the French investment fund MIG, which was managed by the Luxembourg-based Kaltchuga Capital Management, RBC reported in 2014.
The intentions of French investors who have been working in Russia since the 1990s to build a business hub in New Moscow became known as early as 2013. Then Vedomosti reported on a project with an area of 3 million square meters. m and cost €4 billion. But in the end, in 2014, only the first stage of the project was agreed upon in 52 thousand square meters. m. The second and third phases provided for 96.3 thousand and 450 thousand square meters. m respectively. The project with the working title of the Kolchuga business hub was supposed to be located on four sites with a total area of 16 hectares.
The French network Decathlon became the tenant of the constructed first stage. The retailer had previously announced its withdrawal from Russia. There is also a store of the Russian network of sports goods “Kant”. Alexey Vanchugov, managing partner of Vanchugov & Partners, notes that both retailers continue to pay for the premises. According to his estimates, the monthly rental income from the object can reach 10-12 million rubles. In the future, space can be leased for 12-15 thousand rubles. for 1 sq. m per year.
The type of permitted use of the site on Kaluga Highway is the placement of commercial real estate. Here you can engage in vehicle maintenance, build a hotel, shopping and entertainment or office center. The site is located outside the territory of the Mega Teply Stan shopping center. Mr. Vanchugov calls this object a “shadow anchor” that provides a neighboring project with stable traffic. Due to this, according to the expert, the concept of a specialized shopping center specializing in the sale of goods for repair or sports can be successful in this location.
Mr. Vanchugov calls the development of the project in the light industrial format (warehouses with production sites) an alternative option for building the site. But in this case, it will be necessary to invest additionally up to 1 billion rubles, he notes. The expert considers the development of a car center on the basis of an object a less successful idea: in this case, rental income may turn out to be much lower.
[ad_2]
Source link
