TPS Real Estate, a Russian company engaged in the construction and purchase of a commercial real estate, can close its business in Ukraine, RIA Novosti news agency reported on Monday.
According to the media, the company is negotiating the sale of Ocean Plaza shopping center, which it has been running for 6 years. The area of the building amounts to 165,000. The probable buyer of the facility is the Ukrainian company Dragon Capital. As noted, the negotiations have moved to an advanced stage, however, it is still too early to talk about closing the deal. Preliminary estimates show that the transaction value can be estimated at $270-315 million.
We should remind you that TPS Real Estate is controlled by Igor Rothenberg, Alexander Ponomarenko, and Alexander Skorobogatko. The company’s portfolio includes such assets as More Mall in Sochi, Gallery in the cities of Krasnodar and Novosibirsk, as well as Good! and Oceania malls in Moscow.