Page 76 - July 2021
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Dream Island, Moscow, Russia                                                      Planeta Perm, Perm, Russia
         Developer, Regions Group                                                              Developer, Mall Tech


















        Neighborhood Centre Rassvet, Moscow, Russia                                  Paveletskaya Plaza, Moscow, Russia
        Developer, ADG Group                                                         Developer, Mall Management Group





















          The report goes on to say that four international brands have entered the Moscow market at, including Shikkosa from Italy, Northland from
        Austria, The Frankie Shop from the US and Ecco, which opened its first Ecco Kids children’s clothing store in Moscow.
          CBRE’s report suggests that the increase in the volume of real estate investments in Russia in Q1 2021 (71bn RUB versus 68bn in January-
        March 2020) shows that slowly but surely, confidence is beginning to return to not just Russia, but the other eight CIS countries.
        Projects across Russia
          After the launch of a new Hotel Transylvania attraction this spring, Europe’s largest indoor theme park, Dream Island in Moscow, is
        almost complete. The presence of Russian President Vladimir Putin ahead of the park’s launch ceremony last February signalled the cultural
        importance of this privately backed, $1.5 billion project. However, it traded for just 18 days before a Covid-19 enforced closure. The park
        reopened last July with limited capacity and now Dream Island’s operators are planning future expansions. Dream Island offers more than
        just a theme park. Beneath its seven glass domes, the 300,000sq m building also houses a large shopping mall, multiplex cinema, concert hall,
        restaurants and cafés. The split is roughly 50:50 between entertainment and retail. In addition, the wider 100ha site features an outdoor
        promenade with family recreation zones. A 4-star hotel, children’s yacht school, plus some more teen-friendly attractions are on the way in
        phase two.
          One of the latest openings as part of ADG Group’s collection of 39 Neighborhood Centers, Neighborhood Centre Rassvet opened its
        doors in Octover and was designed to help revive public life in residential areas in Moscow. Located in the lively part of the Koptevo district,
        Rassvet is a destination for families with children that come nearby every day and will be pleased to discover new leisure, educational, retail
        and F&B experience. The architectural concept of the Neighborhood Center was created by the famous British architect Amanda Levete, the
        author of the reconstruction projects including second stage Victoria and Albert Museum in London and was adapted by Russian designers.
          The Planeta shopping centre in Perm by developer MallTech opened its doors on 22nd April this year and has become the first high-quality
        shopping centre the super-regional format in the Perm region. Set on a space of 150,000sq m and a GLA of 83,105sq m over two floors,
        the site is home to 2,900 parking spaces, more than 200 stores and over 30 cafes and restaurants. It is located at the intersection of two
        major transport arteries of the city – shosse Kosmonavtov and Mira street. Convenient access to the centre is provided by the transport
        interchange.
          Grozny Mall is a new shopping and entertainment venue being built in the city of Grozny, Russia. Owned by Grozny Mall and being
        developed by Russian construction company Smart Building, it will be the largest shopping mall in southern Russia. The shopping facility will
        include new local and international retail brands in a 132,000sq m of floorspace. With a leasable area of 59,000sq m, it will house more than
        150 outlets, including three double-level clothing department stores, home appliances, sporting goods, household goods and electronics.
        The grocery hypermarket at the mall will occupy an area of more than 7,000sq m. The new shopping mall project will boost the tourism
        potential and increase investment in Grozny, the capital city of the Chechen Republic. The project is expected to generate 2,000 new jobs
        upon completion. The family shopping and leisure centre is expected to be launching soon as it was expected to be completed in mid-2021.
          Paveletskaya Plaza is a project formed by context. Located within the historic site of the Moscow Paveletsky Railway Station, the project
        functions as part urban park, part retail centre and following strict municipal guidelines, Paveletskaya codifies the historic and the modern into
        a unified vision, with every element acting in harmony with the next. Set over a building area of 73,000sq m and a site area of 33,000sq m,
        the new design’s primary role looks to re-establish this lost connection between the historic structure and the plaza. Designers 5+design on
        behalf of client developer Mall Management Group are working to complete Paveletskaya Plaza by summer this year.
          Twelve Architects are working on an upcoming retail, leisure, mall and hotel project in the city of Perm. The 152,000sq m scheme will also
        feature an art gallery and conference hall and will create a landmark development for the regeneration of Perm’s promenade and esplanade.
        It will create a destination within the city for people to meet, shop, relax and be entertained all year round. The retail and leisure mall are

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