Forbes publishes rating of Russian real estate kings
Five new names have appeared in the rating over the past four years.
The Forbes magazine has published a rating of the most successful players in the Russian commercial real estate market. In five years, the joint income of the persons named by the publication fell by $ 1.4 billion rubles – from $ 9.3 billion to $ 7.9 billion. Last year, the volume of investment in the Russian commercial real estate fell by 40% compared with the previous one.
“In 2014–2016, the situation was such that no new projects were actually launched. The Lakhta Center was being built in St. Petersburg, several skyscrapers were in the Moscow City, and that was it,” managing partner of Colliers in Russia Nikolay Kazansky said.
Since 2014, only five new names have appeared in the rating: TPS Nedvizhimost and Aviapark associated with the Rotenbergs family, St. Petersburg’s FortGroup and the Imperia group of companies, and Malltech, established by people from the RosEvroGroup.
The first place in the list of the magazine was taken by the company of Zarakh Iliev and God Nisanov Kievskaya ploschad. Its assets include the shopping center Food City and the mall Evropeysky. The company's revenue amounted to $ 1.565 billion.
The second place was given by Ingka Centers (formerly IKEA Mos, $ 865 million), the third one is Samvel Karapetyan’s Tashir ($ 670 million), followed by Mikhail Gutseriev’s Safmar ($ 575 million) and Araz Agalarov’s Crocus Group ($ 410 million).