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TASHIR GROUP TO BUILD MOSCOW-YIWU TRADE CENTER
/ARKA/
October 6, 2011
YEREVAN
YEREVAN, October 6. / ARKA /. Tashir group of companies of Russia-based
Armenian businessman Samvel Karapetian and China's Shifen are building
a shopping center in downtown Moscow. Called Moscow-Yiwu it will
occupy an area of 100 thousand square meters, RIA Novosti news agency
reported with reference to newspaper Kommersant. The newspaper says
that the center will be a covered market for the sale of Chinese goods.
Tashir's investments in the Moscow-Yiwu project (Yiwu is a city 300
kilometers from Shanghai) are estimated at 75% and the rest will be
invested by Shifen. Tashir provided the land and building capacities
and Shifen will organizes the trade, according to the newspaper. The
newspaper says that the first phase of the center started this past
April is scheduled to open in November 2011.
According to Tatiana Klyuchinskaya, regional director of Colliers
International for commercial real estate, the construction and
finishing of the center will cost investors about $200 million.
Tashir group of companies was founded in 1999, dealing with development
and retailing (DIY-chain, Our House clothing stores, Fashion Alliance,
SuperDiskont, etc.). It manages more than 850 thousand square meters
of commercial real estate.
/ARKA/
October 6, 2011
YEREVAN
YEREVAN, October 6. / ARKA /. Tashir group of companies of Russia-based
Armenian businessman Samvel Karapetian and China's Shifen are building
a shopping center in downtown Moscow. Called Moscow-Yiwu it will
occupy an area of 100 thousand square meters, RIA Novosti news agency
reported with reference to newspaper Kommersant. The newspaper says
that the center will be a covered market for the sale of Chinese goods.
Tashir's investments in the Moscow-Yiwu project (Yiwu is a city 300
kilometers from Shanghai) are estimated at 75% and the rest will be
invested by Shifen. Tashir provided the land and building capacities
and Shifen will organizes the trade, according to the newspaper. The
newspaper says that the first phase of the center started this past
April is scheduled to open in November 2011.
According to Tatiana Klyuchinskaya, regional director of Colliers
International for commercial real estate, the construction and
finishing of the center will cost investors about $200 million.
Tashir group of companies was founded in 1999, dealing with development
and retailing (DIY-chain, Our House clothing stores, Fashion Alliance,
SuperDiskont, etc.). It manages more than 850 thousand square meters
of commercial real estate.