Premium Estate LLC, associated with the Bestcon developer, became the owner of the Start-aviation center company, on its balance there is a plot of 1.8 hectares and the Start shopping and entertainment center located on it with a total area of 25,241 square meters. m. According to SPARK-Interfax, the deal was closed on March 23. The seller of the object is the president and former main shareholder of the CSKA football club Evgeny Giner. It was not possible to contact him, requests to CSKA, as well as to other companies of the businessman – Tria, Terpomol – remained unanswered. It was not possible to get comments from the representative of “Bestcon”.
“Start” was built in 2003, the object was positioned as a shopping center for CSKA. In the complex, one of the first in Russia, goods of world brands began to appear, according to information on its website. Until 2019, Giner himself owned 75% of PFC CSKA, but was forced to transfer his stake in the club to the state corporation VEB.RF to pay off the debt that arose as a result of the construction of a football stadium on Peschanaya Street. VEB.RF issued a $240 million loan for the construction of a sports arena, which also included three office towers (they are also located near Leningradsky Prospekt). Last year, VEB.RF’s stake in the club was acquired by Balance Asset Management, controlled by businessman Vitaly Balanovich.
Giner is gradually selling off its assets. Last year, he sold a 65% stake in the Silk Way shopping and entertainment center (247,146 sqm) on Varshavskoye Highway to the Tashir group of Samvel Karapetyan. According to SPARK-Interfax, he still owns several plots and buildings on Leningradsky Prospekt. In particular, on the balance sheet of the Globus Market company there is a site of 0.75 hectares and two buildings of 12,600 square meters. m.
The investment and construction company “Bestcon” specializes mainly in housing construction. In her portfolio are the Big Seven complexes near the station. m. “Preobrazhenskaya Square”, “Club House on Plyushchikha”, “Poklonnaya No. 7” next to the station. m. “Victory Park”. The main owner of the developer is businessman Karen Avdalyan.
Nikolay Goryunov, director of the capital markets and investments department at IBC Real Estate, estimates the market value of the shopping center on Leningradsky Prospekt at 1.2-1.3 billion rubles. Ricci partner | M&A Petr Vinogradov believes that Bestcon could pay about 2 billion rubles for Start. Natalia Tishendorf, managing partner of Alto Real Estate Fund, believes that the developer will build a residential complex on the site of the shopping center. Khodynskoye Pole, according to her, is one of the most popular districts of Moscow in terms of living – there is a park nearby, there is all the necessary infrastructure. Goryunov agrees with this, who adds that there are st. m. “Dynamo” and “Petrovsky Park”. But the new project will have a large number of competitors, recalls Vinogradov. Among them are Slava complexes (developer – MR Group), Prime Time (Atlantic) and Alcon (Alcon Group).
The total area of the site, according to Vinogradov, allows you to build a project on it for about 54,000 square meters. m. The director of the department of residential real estate and land development Nikoliers Timur Ryvkin says about 70,000-80,000 sq. m. m. He estimates investments in construction at 14–16 billion rubles, and proceeds from the sale of lots at 28–32 billion rubles. The average cost of housing in this area reaches 500,000 rubles. for 1 sq. m, adds Tischendorf.
Experts interviewed by Vedomosti admit that the new Bestcon project will be much larger. The fact is that last year Avdalyan acquired a 50% stake in Technoservice LLC. This firm owns the rights to 2.2 hectares and the Aerostar Hotel (51,921 sq. m) right next to the Start shopping center. At that time, the consultants believed that housing would also be built on the site of the hotel. The potential of the site allows you to place a project of 90,000–110,000 sq. m. Accordingly, taking into account the “Start” site, the developer can increase the project to 150,000-200,000 sq. m. m.
Many Moscow developers are actively acquiring obsolete commercial real estate, including shopping centers, for the construction of residential complexes. So, for example, Osnova Group acquired the Yuzhny shopping center (36,545 sq. m.) in January last year. The share in the unfinished complex “Torzhok” in Khimki was previously bought by the developer “Brusnika”. Housing may also appear on the site of GoodZone shopping facilities on Kashirskoye Highway, Viva! in Northern Butovo and “Global City” near the station. m. “South”.