TPS Real Estate does not plan to bring its development to a halt, despite the challenging economic situation in Russia. This is what the company’s First Vice President for Commercial Management Alexei Chinaliev said in his interview for the CRE.ru resource at the VIII International Investment Forum PROEstate 2014.
Right now the portfolio of TPS Real Estate is comprised of three operational retail projects: MoreMall in Sochi, Galereya Krasnodar and Ocean Plaza in Kiev. Furthermore three other retail projects are under construction: Galereya Novosibirsk plus two Moscow projects on Kutuzovsky Avenue and on Khoroshevskoe shosse.
“Towards the end of 2016 we plan to add 7-8 new projects to our portfolio that should total 10-11 retail properties", noted Mr. Chinaliev. He also specified that Moscow will be the top priority in the expansion of TPS Real Estate.