TPS Real Estate began to build business centers with a Turkish partner
The major owner of shopping centers in Russia, TPS Real Estate, can take part in the construction of two office centers in the west of Moscow, on Slavic Boulevard and Mosfilmovskaya Street. In total, the objects will need to invest more than 6.5 billion rubles. The partner of TPS Real Estate for the project will be the structure of the Turkish company.
JSC TPS Real Estate, together with LLC “ST City Investment” on April 29, established Neva Kutuzovsky LLC, follows from the Unified State Register of Legal Entities. In this structure, the parties own 15% and 85%, respectively. The new project company, according to Kommersant’s interlocutor in the real estate market, was required to implement a joint project on Slavic Boulevard, next to the Oceania shopping center. In the future, we will talk about the development of another site, 35 Mosfilmovskaya Street, he says. Both sites are located in the west of Moscow. In « TPS Real Estate » « Kommersant » did not answer.
LLC “ST City Investment” through Neva Investment JSC belongs to the Turkish Desna Gayrimenkul Yatirim, follows from SPARK. The interlocutor “Kommersant” does not exclude that this company can be the structure of Desna Development. The latter “Kommersant” explained that they are engaged in managing only their own projects and do not plan new ones. They also indicate that DesNA structures are not controlled by Neva Investment JSC.
Desna Development owns and controls a real estate portfolio for 900 thousand square meters. m, including the multifunctional complex of NEVA Towers in Moscow City, Aura Torgents in Yaroslavl and Surgut, and so on. Previously, this company was called Renaissance Development. She acted as an investment unit of the Turkish holding Ronesans, which announced in early 2024 to withdraw from the Russian market.
« TPS Real Estate » He owns large torgenters in Russia – “Moremall” in Sochi, “Krasnodar Gallery”, Columbus in the south of Moscow, etc. According to Forbes, in 2024, the group’s income from leasing objects increased by 43% year by year, to $ 115 million. The publication was called the owners of the company Alexander Ponomarenko, Alexander Skorobotko and daughter Arkady Robenberg Lilia. The company itself previously stated that the family of families of these businessmen do not own business. The names of current beneficiaries are not disclosed.
Partner Ricci | M&A Peter Vinogradov does not exclude that business centers will be built on both sites of Neva Kutuzovsky. On Mosfilmovskaya Square of the object can be 16 thousand square meters. m, near Oceania – 23–25 thousand square meters. m, he believes. The expert estimates the total investment in construction at 6.5–7 billion rubles. Although NF Group Marina Malakhakhatko believes that it makes sense to build 35–40 thousand square meters. m each object, then investments can reach 12 billion rubles. excluding the cost of land and connection to communications.
Peter Vinogradov believes that TPS Real Estate may accompany the receipt of permits for projects before a certain stage, and then the partner will be engaged in the project. The company has not yet been engaged in the implementation of office projects, it will need a specialized partner, explains Mrs. Malakhatko. Reasonably, according to the expert, will sell squares in future projects in small lots, at a price of 520-600 thousand rubles. per 1 sq. m.
The motivation for entering the office market for investors can be a deficit of space on it. According to NF Group, according to the results of January -Marot 2025, vacancy in the class of class A objects in Moscow amounted to 5%, B – 6.8%. The analysts called these values minimal since 2017. The deficit of the proposal is already restraining the activity of transactions. In the first quarter, the absorption in the office market of Moscow decreased by 16% year by the year, to 360 thousand square meters. m, specify in Core.xp. High -quality office real estate is a very popular product, but the competition will increase by the timing of the implementation of both projects, Marina Malakhatko warns.
