Rus News Journal

Morgan Stanley will be engaged in shopping

Investbank can buy TTS “ the Metropolis “ at Capital Partners

After sale to the Kazakh billionaire Bulatu Utemuratovu of luxury hotel Ritz - Carlton on Tver company Capital Partners can get rid and of the last developer active in Russia. As it became known daily, the American investment bank Morgan Stanley agrees with the developer about purchase of a trading complex “ the Metropolis “ on the Leningrad highway the area of 209 thousand in sq. m. transaction Cost can exceed 1 mlrd dollars Obtained from sale of the Moscow real estate of means Capital Partners will direct to foreign projects, including to Turkey, participants of the market know.

About negotiations Capital Partners with Morgan Stanley daily have told a top - managers of three consulting companies. Under their data, the transaction has started to be discussed actively this year. The American investment bank can buy trading part MFK “ Metropolis “ which total area makes 330 thousand in sq. m. About negotiations the partner of company S knows. A. Ricci/ King Sturge Alexey Bogdanov.

Americans can pay for shopping centre (209 thousand sq. more than 1 mlrd the dollars, mark a source daily. Vice-president Morgan Stanley Bank Thomas Dukala has refused to make comments on this information. Operating director Capital Partners of Erkan Erkek was inaccessible to dialogue with the press. A press - the secretary of the company Darya Novikova has appeared incompetent in this question.

the Multipurpose complex “ the Metropolis “ has opened on the Leningrad highway in January, 2009. Besides shopping centre in MFK office three buildings a total area of 120 thousand in sq. m and a parking (81 thousand sq.) enter. In a rating of the Moscow shopping centres “ the Metropolis “ takes the third place on the area, conceding only “ to Gold Babylon “ (241 thousand sq.) and TTS “ the City “ (240 thousand sq.).

“ the Metropolis “ it is exhibited in the market for a long time, - the operating director of company Praedium Oncor Int marks. Michael Gets. - Capital Partners sold all complex entirely or in parts - offices and a retail “. According to the expert, the developer searched for the conservative foreign ­ investor. So, in 2007 50 % TTS “ the Metropolis “ has agreed to get Rodamco Europe for 230 million dollars However in 2009 the buyer has refused the transaction.

the Chief executive “ Shop of shops “/ CB Richard Ellis Dmitry Burlov notices that the shopping centre actively is on sale from the end of 2010. Now Capital Partners exposes only office part “ the Metropolis “ underlines a top - the manager of the foreign consulting company. Under its data, in the spring one has been reserved for the potential investor of business - the centres by the area of 33 thousand in sq. m.

Experts ambiguously estimate the declared cost of the transaction. According to Alexey Bogdanova, in 1 mlrd dollars it is possible to estimate all MFK “ the Metropolis “. The senior adviser of department of an estimation of business and investment projects of group “ NEO the Center “ Andrey Pozdeev estimates a trading part of a complex in 600-750 million dollars, and offices - in 450-600 million dollars In turn, the director of department of commercial real estate Penny Lane Realty Alexey Mogila ­ is assured that floor spaces “ the Metropolis “ can cost 1 mlrd dollars, it is the normal price for this purpose TTS, rates of which rent of the areas reach 3,5 thousand dollars for 1 sq. m.

Having sold MFK “ the Metropolis “ Capital Partners remains without essential developer actives in Russia. As already wrote daily (number from 11 see. 05. 11), in April of this year the company has sold to structure of Kazakh billionaire Bulata Utemuratova luxury hotel Ritz - Carlton in Moscow. ­ Transaction cost­, according to participants ­ of the market, has made about 700 million dollars In August, 2007 Capital Partners has sold Redwood East Europe L. P. Logistical parks in situated near Moscow Pushkin and Domodedove the Sum of transaction was estimated by the area of 1 million in sq. m. in 300 million dollars

the Money obtained from sale “ the Metropolis “ the company will spend for new building, the director of department of estimation Colliers Int considers. Tatyana Tikova. In 2007 the developer announced ground plans of the second turn “ the Metropolis “. The new complex a total area of 140 thousand in sq. m should include offices and hotel. Today in Capital Partners do not make comments on an urgency of this project.

the Representative of the foreign consulting company notices that the developer studied different variants of realisation of the project, including with housing construction. Under its data, Capital Partners intend to continue developer activity, however priorities temporarily move abroad. The interlocutor daily knows that Capital Partners can start new projects in Turkey.

Capital Partners has been created in Kazakhstan in 1996. At the moment ­ its offices work in Alma - Ate, Moscow, Kiev and Istanbul. As shareholders of the company two physical persons - Kazakh Serzhan Zhumashov and Burak Ojmen Turk act.