Skip to main content Skip to footer

Colliers International Reopens Shopping Malls without Losses

Shopping malls managed by Colliers International open after lockdown without losing a single major tenant

Murmansk Mall, the last shopping center from Colliers International’s portfolio that stayed closed because of the pandemic, reopened on 19 August 2020. In a number of regions the quarantine measures were lifted back in June (Ulan-Ude), whereas the main pool of facilities in St. Petersburg reopened in late July.

The shopping malls found themselves in an equally challenging situation, but in different operational conditions that depended both on the resolutions of regional administrative structures and on the economic situation. Thus only 8% of tenants functioned in FORUM Mall during the lockdown, whereas more than 50% operated in RIO and Murmansk malls.

The key challenge of the Colliers International’s team during the lockdown was ensuring the safety of visitors and building such relationships with tenants that would have enabled all shopping malls to go through this difficult period without losses.

The retail properties have retained both their tenant mix and their audience. For instance, RIO Mall has not lost a single operator, even small ones, whereas the footfall at FORUM Mall (Ulan-Ude) in July swelled by 4% year-on-year.

Says Anna Nikandrova, Partner Colliers International: “A friend in need is a friend indeed while the friendliness of a management company is revealed during the period of restrictive measures. This is my version of this saying for the commercial real estate market. That we have retained all tenants in the shopping malls managed by Colliers International is the result of consistent effort by the entire team to build relationships with tenants on all levels, from shop owners to their directors. We help our tenant partners develop their business, addressing local challenges, and we promote them in local markets. Partnership with our company is a sure bet for any developer as we help them retain their projects and get a stable rental income even in times of trouble.”

Related Experts

Anna Nikandrova

Partner

Russia

In 2004-2006 I worked at Colliers being involved in the major projects such as Grand Canyon. In 2006 I have joined Jones Lang LaSalle. Being responsible for the project marketing and leasing, I was the main broker of the SEC Gallery project (St. Petersburg) where more than 100 transactions were closed with my participation. In addition, I participated in Leto shopping center project and coordinated the Piterland project.

In May of 2011 I continued the career at Colliers and expanded the company’s portfolio with new projects. I have built one of the greatest retail team on the Russian market. I also personally closed about 500 deals as a broker.

Since 2013 I am in charge of Retail Real Estate Departments in Moscow and St. Petersburg. My expertise includes retail property contracts, concept development and leasing shopping centers, cooperation with major international and federal tenants and developers.

Currently, I am managing the following key projects:

·         Moscow: Vegas City & Vegas Kuntzevo, Sphera Mall (Obuhovo), Arena Park

·         St. Peterburg: Pearl Plaza, Stockmann Nevsky Center, Europolis, London Mall, Hollywood.

·         Region: Arkhangelsk city-SEC Titan Arena, Murmansk city- SEC Murmansk Mall & SEC Severnoe Nagornoe, Petrozavodsk city –SEC Lotus Plaza, Irkutsk city – SEC Silver Mall, Tomsk city–Izumrudniy Gorod, Pavlovskiy Pasad – Pavlovskiy Passazh, Minsk city – Palazzo Mall.

 

 

 

 

View expert

Marat Muradyan

Regional PR Director | Marketing & PR Department

Russia

2016 - up to now: 

PR Director

Colliers in Russia

November 2013 – July 2015

Head of External relations Department

Blackwood Real Estate

January 2013 – November 2013

Deputy Head of PR Department

FSK Leader Ltd.

May 2011 – January 2013

Head of PR Department

GDEETOTDOM.RU

March 2010-May 2011

Head of PR Department

Impress Media, Marketing

August 2005 till September 2007

Secretary General/CEO

National Youth Council of Armenia

July 2005 till August 2007

PR specialist

OSCE office in Yerevan

June 2003 till May 2005

Programme Manager

YMCA Armenia

November 1999 till June 2000

Journalist

Radio Liberty, Yerevan

View expert

Julia Pogorelova

Deputy Public Relations Director | Marketing & PR Department

Moscow

2015 – at present. PR manager. Colliers International

2006 – 2012. Publishing House «Kommersant», magazine «Dengi», financial correspondent

2012-2014. Gazeta. Ru, business correspondent

View expert