THE MAJOR INTERNATIONAL CONSULTING FIRMS TO LEASE KUTUZOVSKY GALLERY AND THE MALL AT KHOROSHEVSKOE HIGHWAY

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TPS Nedvizhimost development company appointed Cushman & Wakefield and Knight Frank as co-exclusive agents to lease Kutuzovsky Gallery shopping center (GBA – 137 000 sq m, GLA – 60 000 sq m) and the mall at Khoroshevskoe highway (GBA –TPS Nedvizhimost development company appointed Cushman & Wakefield and Knight Frank as co-exclusive agents to lease Kutuzovsky Gallery shopping center (GBA – 137 000 sq m, GLA – 60 000 sq m) and the mall at Khoroshevskoe highway (GBA – 114 000 sq m, GLA – 50 000 sq m). Both project are now under construction.

The Kutuzovsky Gallery shopping center is located at one of the major transport arterial roads of Moscow, Kutuzovsky prospect, near the Slavyansky Boulevard metro station. Project will introduce a supermarket (3,100 sq m), multi-screen movie theatre with premiere hall (5,000 sq m), household appliance and electronic shop, kids supermarket store, retail gallery offering more than 200 shops of major international and Russian brands, the restaurants. The shopping center has underground parking with 1,100 parking lots. The catchment area reaches about 2 mln people. Passenger flow at Slavyansky Boulevard metro station amounts to about 45 500 people.

The mall at Khoroshevskoe highway is located in a walking distance from Polezhaevskoe metro station. The mall concept suggests a supermarket (3,100 sq m), a multiscreen movie theatre, household appliance and electronic shop, kids supermarket, retail gallery with more than 200 shops as well, fitness center, restaurants and food court, the underground parking designed for 800 parking lots. At present catchment area of the mall embraces 1.3 mln people. Khoroshevskoe metro station is planned to be developed in 100 m distance from the mall.

Alexey Chinaliev, the first vice-president on commerce at TPS Nedvizhimost, says: “we rest assured that cooperation with such experienced international agents as Cushman & Wakefield and Knight Frank will be truly fruitful. Together we will develop the unique retail projects offering its visitors the extended infrastructure.

Maxim Karbasnikoff, a Pertner and the Head of retail at Cushman & Wakefield, says: “TPS Nedvizhimost is one of the few highly experienced developers in Russia, with several very successful projects opened in the country. The two projects currently under construction in Moscow are integrating TPS know-how combined to a completely new architecture that will provide future visitors with an unseen shopping experience”.

Yulia Sokolova, Head of Shopping Mall Leasing at Knight Frank, comments: “Nowadays, development of competitive projects on such tough market is really challenging and it very much depends on expertise of a project team as well as on work performance. Knight Frank and TPS Nedvizhimost have been working together on regional projects for a long time. We have no doubt that our work on these two projects will be very effective and that we will develop highly marketable projects with optimal tenant-mix, well-balanced concept and exceptional architectural design.
 114 000 sq m, GLA – 50 000 sq m). Both project are now under construction.