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CBRE informs that the first anchor tenant of Torgoviy Park N1 in Zhukovskiy

   CBRE the exclusive leasing and marketing agent of Torgoviy Park N1 in Zhukovskiy in Moscow Region in Russia informs that its first anchor tenant, hypermarket Lenta, has started fitting out of the new store.

   Torgoviy Park N1 in Zhukovskiy is planned to be opened in March 2016. The other tenants are commissioning their premises and starting fit-out works.

   The developer of the retail park Norman Asset Management has signed long-term lease agreements with such well-known companies as OBI, Decathlon, H&M, Gloria Jeans, L’Etoile and many others. Over 75% of the premises have been leased, that means that Torgoviy Park N1 is in high demand among the tenants.

   Torgoviy Park N1 in Zhukovskiy, Russia (with 54,000 sq m GBA) is located in 20 km from the MKAD on the crossing of Novoryazanskoye highway and Rechnoy proezd, close to the two towns in the Moscow region, Zhukovskiy and Ramenskoye. Over 300,000 people live around the shopping centre.

   Nadezhda Tsvetkova, Associate Director, Retail Department, CBRE Russia, commented: “It is almost 5 months before the grand opening of Torgoviy Park N1 and there are very few retail premises left. This means that despite high vacancy rate in shopping malls around Russia as well as in Moscow region, this shopping mall is in much demand. Taking into the account that the town of Zhukovskiy is located just in 20 km from Moscow and that the majority of its population are the young people  with high income, the same as in Moscow we are confident that international and federal brands, that are focused on this target group will  soon lease the premises of the shopping arcade. “