RIO Shopping and Entertainment Center Opened in Yerevan

Russian Forbes edition has issued the list of 30 Kings of the Russian Real Estate with three Armenians being included among them. The owner of "Tashir holding" Samvel Karapetyan is ranked the third with his annual revenues received from renting making US$ 720 million. At the end of last year company announced that the total 2012 income of Tashir Group will amount US$ 2.9 billion. Samvel Karapetyan has real estate in Moscow, Saint Petersburg, Reutov, Yaroslavl, Belgorod, Ivanovo, Kaluga, Yalta, Vologda, Tula, Tver, Smolensk, Yerevan, etc. In October 2012 mass media reported that Samvel Karapetyan's Tashir Group may invest US$ 50 million in the construction of shopping malls and exhibition centers in Sochi sea passenger port . The biggest real estate is RIO trade center having 300 thousand square meters territory and Yerevan Plaza with 80 thousand square meters territory both in Moscow. According to Forbes, Samvel Karapetyan earned his first sum in early 90s in Armenia and then moved to Kaluga where he dealt with wholesale and textile production. Currently Tashir is a multi-profile company. Another ethnic Armenian Danil Khachaturov is ranked 25th. He is the owner of Legion Development company. His annual revenue from renting makes US$ 80 million. He elaborates his activity in Moscow. Legion I and Legion III are his largest multi-functional complexes having 130 thousand square meters territory. First he was dealing with the sale and purchase of shares, worked in Slavoil company, participated in the privatization process of Rosgosstrakh becoming the company's director in 2004. He is the co-owner of Rosgosstrakh bank. Gagik Adibekyan, also an Armenian, has been ranked the 26th with his annual revenue from renting making US$ 70 million. He is based in Moscow. Romanov Dvor with 43,500 square meters territory and Vremena Goda with 64 thousnad square meters territory business centers are his biggest real estate property. He is said to be the most mysterious figure in the Moscow market. He is known to have reconstructed Romanov Dvor business center situated in downtown Moscow in 1997, but he activity before it is unknown. He is the owner of RD Group which acquired the 40% of Vremena Goda trade center and according to media outlets, is negotiating over acquiring the rest 60%. The Forbes rating list is topped by Kiyevskaya ploshad (Kiev Square) company the owners of which are Azerbaijanis Zarah Iliyev and God Nisanov. Their annual revenue from renting makes US$1.1 billion. The second is IKEA Mos company the owner of which is ethnic Sweden Ingvar Kamprad and his family.

The total 2012 income of Tashir Group will amount US$ 2.9 billion, told company vice-president Vitaly Efimkin during press conference. Last year "Tashir Group" built 11 properties, especially retail development, 7 of which under the brand "Rio". The whole property floor area put in commission was 840 thousand square meters. Particularly, this year company built 370 thousand square meters retail, 415 thousand square meters residential, 20 thousand square meters hotel and 35 thousand square meters office space. During press conference Vitaly Efimkin also added, that in 2013 company is planning to build 13 cinemas under the brand "Cinema Star", also during next 3-4 year to invest 1.5 billion rubles in construction of 50 multi-fuel filling stations. Recall that on October 20, 2012, took place the grand opening of shopping center Dalma Garden Mall in Yerevan, built by Dalma Invest - Development Company affiliated by Tashir Group. Earlier also was reported, that in 2012 Samvel Karapetyan's Tashir Group may invest US$ 50 million in the construction of shopping malls and exhibition centers in Sochi sea passenger port.

Samvel Karapetyan's Tashir Group may invest US$ 50 million in the construction of shopping malls and exhibition centers in Sochi sea passenger port, reported the "Kommersant". One of city's businessmen said to publication, that the developer is planning to build a shopping gallery, which will house luxury-brand boutiques. And the company representative Marina Gaze confirmed that recently the group has become a co-investor of Sochi port reconstruction project. As she stated, Tashir Group received 2.3 hectares of land for long-term lease. As part of reconstruction project the company intends to build more than 25 thousand square meters of real estate. Boutique galleries will occupy about 7.5 thousand square meters, a multifunctional complex with retail and office space - 6.7 thousand square meters and the exhibition center will occupy 11.5 thousand square meters. Tashir Group didn't disclose the amount of project investment, but experts estimated it about US$ 50 million. According to the publication, the construction financing will proceed from the sale of company's real estate in Moscow.

According to information agency Interfax, on December 22 the vice president of "Tashir Group" Vitaly Efimkin announced, that the company planned to put into operation 11 buildings with total area 600 thousand square meters in 2012. As Efimkin said, 9 of 11 buildings will be shopping and entertainment centers "RIO", 2 of them in Moscow and 7 in other regions of Russia. Another two projects, which planned to be opened in 2011 are the 70 thousand square meters multifunctional recreation complex in "Moscow City" and the "Yaroslavl" hotel with total area of 18 thousand square meters. . According to Efimkin, "Tashir Group" in future may continue to open oceanariums in Russia. It is very successful project, as during the first month more than 250 thousand people attracted the first Russian oceanarium. . "Tashir Group" was founded in 1999. It is development and retailing company and to date manages more than 850 thousand square meters commercial real estate. It should be noted, that the company's turnover for 2011 will be US$ 2.8 billion, while in 2010 it amounted to US$ 1.725 billion.