Tashir Group Company Report – Property Xpress (PropertyXpress.com)

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Property Xpress (PropertyXpress.com) – Tashir Group is a Russian holding founded in 1999 in Kaluga by Armenian businessman Samvel Karapetyan on the basis of the previously acquired Kalugaglavsnab. …

Property Xpress (PropertyXpress.com) – Tashir Group is a Russian holding founded in 1999 in Kaluga by Armenian businessman Samvel Karapetyan on the basis of the previously acquired Kalugaglavsnab.

Tashir incorporates more than 200 companies working in various industries, from finance to construction. One of the group’s primary focuses is development and management of commercial real estate.

At the end of 2011 Tashir Group’s real estate portfolio totaled around …… sq. m, including …… sq. m of operational properties, and …… sq. m under development. The group’s retail portfolio comprises …… sq. m of operational real estate and some …… sq. m under development.

Besides retail and office centers the investment portfolio of Tashir Group also includes several hotel, health and resort properties as well as two operational and one under development logistics centers. 2011 revenues reached US$ …… compared with US$ …… in 2010...

…For full information see the report…..

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Induced by the interest of its clients, PropertyXpress.com has started a new offset of its information business: Company Reports.

Company reports provide detailed information on leading real estate developers and investors, including but not limited to contact details, ownership and management, business overview, major projects, financial figures, future plans, competitors and tenants, as well as recent updates.

Reports cost as low as EUR 29.50 each and the clients have the opportunity to either choose between the already available or to request custom-made, for no extra charge.

Private company information is obtained from the PX’s flagship daily service, but also from a number of different sources: the business press, news agencies, and through verification interviews with the listed companies.

For more information or requests:
PropertyXpress.com
An Intelligence Service for Russia, Ukraine, Romania, Serbia, Bulgaria, and more
International number: +44 20 3397 3306
UK Toll Free number: 0800 1488 224
Mobile: +359 88 8436 403
E-mail: office@propertyxpress.com

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  • 1. International number: +44 20 3397 3306 UK Toll Free number: 0800 1488 224 Mobile: +359 88 8436 403 E-mail: office@propertyxpress.comPropertyXpress.com Company ReportLast update: April 25 2012 TASHIR GROUPCompany Tashir GroupTelephone number(s) +7 (495) 514 20 96Address Moscow, 13/5 Podkolokolny lane, Build. 1E-mail tashir@tashir.ruWeb www.tashir.ruManagement • Samvel S. Karapetyan, President; • Varuzhan Artenyan, First Vice President in charge of financial direction including investment activity; • Vitaly Efimkin, Vice President in charge of business development.Number of Employees 30,000BUSINESS OVERVIEWTashir Group is a Russian holding founded in 1999 in Kaluga by Armenianbusinessman Samvel Karapetyan on the basis of the previously acquiredKalugaglavsnab. Tashir incorporates more than 200 companies working invarious industries, from finance to construction. One of the group’sprimary focuses is development and management of commercial real estate.At the end of 2011 Tashir Group’s real estate portfolio totaled around4.4 mln sq. m, including 1.753 mln sq. m of operational properties, and818,000 sq. m under development. The group’s retail portfolio comprises1.19 mln sq. m of operational real estate and some 700,000 sq. m underdevelopment. 1------------------------------------------------------------------------------------------------------------------------------© 2012 PropertyXpress.com. All rights reserved. Data in this report is for general information only, subjectto future revisions. Although every update has been cross-checked to the greater extent we bear no legalresponsibility for any loss or damage resultant from the contents of this document.
  • 2. International number: +44 20 3397 3306 UK Toll Free number: 0800 1488 224 Mobile: +359 88 8436 403 E-mail: office@propertyxpress.comBesides retail and office centers the investment portfolio of TashirGroup also includes several hotel, health and resort properties as wellas two operational and one under development logistics centers. 2011revenues reached US$ 2.8 billion compared with US$ 1.7 billion in 2010.RETAILOver the years, Tashir has built a strong retail business throughestablishing various chains and obtaining master franchises, which helpsthe group fully make use of its own shopping centers. Selected brandsinclude:Cinema Star: The chain presently operates six movie theaters: in RIO(Moscow), Erevan Plaza (Moscow), Megamall RIO (within City-Park Moscow),Kaluga XXI Century (Kaluga), RIO (Yaroslavl) and RIO (Kolomna).Nash Dom DIY chain: There are three Nash Dom hypermarkets: in RIO(Moscow), Megamall RIO (City-Park Moscow) and RIO (Kolomna).Modniy Alliance: Modniy Alliance is a network of multibrand departmentstores in the middle price segment.Euro Fashion: Euro Fashion is a network of multibrand stores positionedin the “upper-middle” market segment.Jeans wear shops RangeR in the “lower-middle” market segment and WildWest in the “middle” and “upper-middle” market segments.Other chains and master franchises include: Kids Garden (full-formatchildren’s shops), FreshMarket (organic food), GoldenMarket (jewelry),Vinograd (wine and spirits), QUIZ (apparel), Daskalides chocolateboutiques and Ruspetrol (gas stations). 2------------------------------------------------------------------------------------------------------------------------------© 2012 PropertyXpress.com. All rights reserved. Data in this report is for general information only, subjectto future revisions. Although every update has been cross-checked to the greater extent we bear no legalresponsibility for any loss or damage resultant from the contents of this document.
  • 3. International number: +44 20 3397 3306 UK Toll Free number: 0800 1488 224 Mobile: +359 88 8436 403 E-mail: office@propertyxpress.comMAJOR PROJECS AND PROPERTIESProject Location Stage* Total Area (SQM) RETAILRIO Belgorod F 45,000Tashir Erevan F 22,000RIO Ivanovo F 45,000RIO Kaluga F 20,000Kaluga XXI Century Kaluga F 25,000 (including 8,000 sqm hotel)RIO Kolomna F 45,000RIO Moscow F 92,000Megamall RIO Moscow F 220,000Erevan Plaza Moscow F 42,000Furnishings Shopping Moscow F 32,000Center RIOEuropark Moscow F 86,000RIO Reutov F 175,000RIO Rostov-On-Don F 100,000RIO St. Petersburg F 70,000Paradise Tula F 9,000RIO Tula F 25,000RIO Vologda F 50,000RIO Yaroslavl F 38,000RIO Yaroslavl F 60,000FARAON Yaroslavl F 25,000RIO Kostroma UD 50,000RIO Lipetsk UD 55,000RIO Moscow UD 75,000RIO Moscow UD 76,000Moscow - Yiwu Moscow UD 100,000RIO Nizhniy Novgorod UD 100,000RIO Orel UD 40,000RIO Saransk UD 25,000RIO Smolensk UD 30,000 3------------------------------------------------------------------------------------------------------------------------------© 2012 PropertyXpress.com. All rights reserved. Data in this report is for general information only, subjectto future revisions. Although every update has been cross-checked to the greater extent we bear no legalresponsibility for any loss or damage resultant from the contents of this document.
  • 4. International number: +44 20 3397 3306 UK Toll Free number: 0800 1488 224 Mobile: +359 88 8436 403 E-mail: office@propertyxpress.comRIO Tambov UD 58,000RIO Tver UD 45,000RIO Arkhangelsk P 40,000RIO Arkhangelsk P 55,000RIO Bryansk P 60,000RIO Kaluga P 90,000RIO Kirov P 40,000Shopping center Moscow P 100,000(Vernadsky Prospect)RIO Orsk P 45,000RIO Petrozavodsk P 50,000FARAON-2 Yaroslavl P 40,000 OFFICEBusiness Center TASHIR Erevan F 2,000Business Center Erebuni Erevan F 15,000PlazaBusiness Center Kaluga F 2,650Business Center Kaluga F 2,200Business Center SK- Kaluga F 20,000PlazaBusiness Center on Moscow F 8,000Podkolokolny laneGazoil Plaza Moscow F 37,000Business Center TASHIR Yaroslavl F 70,000Business Center SK- Yaroslavl UD 30,000Plaza RESIDENTIALTulskaya Str. Kaluga F 15,000Georgia Dimitrova Str. Kaluga F naKronshtadtskiy Moscow F 43,000Generala Popova Str. Kaluga UD naStepana Razina Str. Kaluga UD naBoldina Str. Kaluga UD 12,500Dirizhabl Moscow UD 100,000Gazoil City Moscow UD 207,000Satellite town Gazoil Moscow P 1,000,000Park 4------------------------------------------------------------------------------------------------------------------------------© 2012 PropertyXpress.com. All rights reserved. Data in this report is for general information only, subjectto future revisions. Although every update has been cross-checked to the greater extent we bear no legalresponsibility for any loss or damage resultant from the contents of this document.
  • 5. International number: +44 20 3397 3306 UK Toll Free number: 0800 1488 224 Mobile: +359 88 8436 403 E-mail: office@propertyxpress.com HOTEL & LEISUREPark-Hotel Kaluga F 2,500Skiing complex Kwan Kaluga F 190,000Hotel Kaluga Kaluga F 8,000Complex Ugra Kaluga F 2,000SK-Royal Moscow F 20,000Complex Tashir Sochi F 7,000Complex Tashir Yalta F naMixed-use recreation Moscow UD 70,000complexHotel Tula Tula UD 17,000Hotel (part of the Yaroslavl UD 18,000City-Park 1000 years ofYaroslavl)Hotel complex Kaluga P 20,000 LOGISTICSCommercial and Kaluga F 30,000logistics centerHOLODILNIKPromyshlennaya Str. Moscow F 35,000Production, repair and Moscow UD 13,620warehouse complex Source: Tashir Group*F = Functioning, UD = Under Development, P = Project, PL = PipelineSince 2005 Tashir has commissioned 21 shopping centers, most of themunder the RIO brand, in Moscow, St. Petersburg, Kolomna, Yaroslavl,Belgorod, Reutov, Ivanovo, Tula, Kaluga, Vologda, Rostov-on-Don, andErevan.A further 10 shopping centers are currently under development in Moscow,Oryol, Kostroma, Tambov, Lipetsk, Saransk, Smolensk, Tver and NizhnyNovgorod. Nine retail centers are in the “project” phase: in Moscow,Yaroslavl, Petrozavodsk, Bryansk, Arkhangelsk, Kirov, and Orsk.Tashir has developed eight office centers: in Moscow, Kaluga, Erevan andYaroslavl. There is another one currently under development in Yaroslavl. 5------------------------------------------------------------------------------------------------------------------------------© 2012 PropertyXpress.com. All rights reserved. Data in this report is for general information only, subjectto future revisions. Although every update has been cross-checked to the greater extent we bear no legalresponsibility for any loss or damage resultant from the contents of this document.
  • 6. International number: +44 20 3397 3306 UK Toll Free number: 0800 1488 224 Mobile: +359 88 8436 403 E-mail: office@propertyxpress.comThe group’s portfolio also includes several residential complexes:Gazoil City, Dirizhabl and Kronshtadtskiy in Moscow, the future GazoilPark in Moscow region, and five projects in Kaluga.Tashir has seven functioning hotels: in Moscow, Sochi, Kaluga and Yalta,as well as three more under development: in Moscow, Yaroslavl and Tula,and one that is being projected in Kaluga.FINANCIALSTashir Group’s revenues: 3 Revenue in bln US$ 2,5 2 1,5 1 0,5 0 2007 2008 2009 2010 2011 Year Mln US$ 2011 2,800 (565 rental income) 2010 1,725 2009 1,509 2008 1,347 2007 1,090 Source: Tashir GroupDebt: The debt of Tashir totaled US$ 450 mln as of the end of 2011.Traditionally, the group keeps its debt levels low and prefers tofinance its new developments through own resources, including from itsretail business. 6------------------------------------------------------------------------------------------------------------------------------© 2012 PropertyXpress.com. All rights reserved. Data in this report is for general information only, subjectto future revisions. Although every update has been cross-checked to the greater extent we bear no legalresponsibility for any loss or damage resultant from the contents of this document.
  • 7. International number: +44 20 3397 3306 UK Toll Free number: 0800 1488 224 Mobile: +359 88 8436 403 E-mail: office@propertyxpress.comFUTURE PLANSTashir Group plans to put 11 projects into operation in 2012, totalingmore than 600,000 sq. m. Among them are nine shopping centers: two inMoscow as well as in Rostov-on-Don, Nizhniy Novgorod, Orel, Saransk,Kostroma, Tambov and Arkhangelsk.Two hotel projects will be completed in the coming months: a 70,000 sq.mmixed-use recreation complex in Moscow as well as a hotel in Yaroslavl.Besides, the group will actively monitor the real estate market lookingto acquire new assets, especially in Moscow.CLIENTS/TENANTS/PARTNERSBesides its own retail chains, tenant list of Tashir’s shopping centersinclude the following retailers and brands: Nash Hypermarket (OAOSeventh Continent), Spar, Quiz, Eldorado, Sportmaster, Auchan, Victoriasupermarket chain, M. Video, Sportmaster, Cinema Star, Zolla, O’Stin,Gloria Jeans, Modis, L’Etoile, Centro, Randez-vous, Vito Ponti, etc.COMPETITORSAmong the groups competitors are: • (shopping centers): IKEA, Adamant, Crocus Group, TEN Group, Regions Group, Finstroy; • (residential): Etalon Group, SU-155, Morton, PIK Group. ------- ---- -------SourcesIn this report has been use information from the following sources:PropertyXpress.com, Tashir Group, InfoLine, Kommersant, Forbes, RBCDaily, Vedomosti, Reuters, Bloomberg, The Marker, RIA Novosti. 7------------------------------------------------------------------------------------------------------------------------------© 2012 PropertyXpress.com. All rights reserved. Data in this report is for general information only, subjectto future revisions. Although every update has been cross-checked to the greater extent we bear no legalresponsibility for any loss or damage resultant from the contents of this document.