0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
1,111
On SlideShare
0
From Embeds
0
Number of Embeds
3
Actions
Shares
0
Downloads
16
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Tashir group company_report

  1. 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 23 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 1990 in Kaluga by Armenianbusinessman Samvel Karapetyan as a successor 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: 1.753 mln sq. m are operational, while 818,000 sq. m areunder development. The group’s retail portfolio comprises 1.19 mln sq. mof operational real estate and some 700,000 sq. m under development. 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 extend we bare no legalresponsibility for any loss or damage resultant from the contents of this document.
  2. 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 to 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, which works 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 extend we bare no legalresponsibility for any loss or damage resultant from the contents of this document.
  3. 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 extend we bare no legalresponsibility for any loss or damage resultant from the contents of this document.
  4. 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 extend we bare no legalresponsibility for any loss or damage resultant from the contents of this document.
  5. 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 20 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 eleven shopping centers are currently under development inMoscow, Oryol, Kostroma, Tambov, Lipetsk, Saransk, Smolensk, Tver andNizhny Novgorod. Nine retail centers are in the “project” phase: inMoscow, 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 extend we bare no legalresponsibility for any loss or damage resultant from the contents of this document.
  6. 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 mln 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 to 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 extend we bare no legalresponsibility for any loss or damage resultant from the contents of this document.
  7. 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, 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/PARTNERSApart from its own chains, tenant list of Tashir’s shopping centersinclude the following retailers: Nash Hypermarket (OAO SeventhContinent), 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 competitors of Tashir Group are: • (shopping centers): IKEA, Adamant, Crocus Group, TEN Group, Regions Group, Finstroy; • (residential): Etalon Group, SU-155, Morton, PIK Group. ------- 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 extend we bare no legalresponsibility for any loss or damage resultant from the contents of this document.

×