Regions-Development

Regions Development is one of the largest owners and developers of modern retail real estate in Russia with a portfolio of over 640,000 sqm of retail space (GLA) in Russian regions, of which 460,000 sqm (GLA) will be yielding by the end of 2012 with expected NOI 2012 of app. $120 million.

Currently the Company owns and develops chain of modern retail and entertainment centers under the brand name “June” (4 centers with a total GLA of 140,000 sqm) and a retail chain “Siberian Town” (23 centers with a total GLA of 200,000 sqm). Its pipeline includes 7 retail centers “June” (GLA of 300,000 sqm) under construction and at the design stage. The existing “June” centers are located in Saint Petersburg, Krasnoyarsk, Ufa and Cherepovets and the pipeline under construction with projected delivery in 2012 are located in Moscow Metropolitan area (Mytishchi and Krasnogorsk) and Syktyvkar, the pipeline at the design stage with projected delivery in 2013 are located in Penza, Omsk, Saratov and Saint Petersburg. Upon completion of the pipeline by the end of 2013 the Company’s GLA will be of app. 640,000 sqm in 12 regions of Russia.

 
 
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