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CBRE is appointed to represent Smolenskiy Passazh, phase 2 in Moscow

The services will include marketing and lease of retail premises. A.N.D Corporation, part of Safmar Group is the developer of this project. Chapman Taylor is the architect of this remarkable project.

Smolenskiy Passazh 2 shopping and business centre with the total area of 58,500 sq m consists of a Class A business-centre of 13,500 sq m and a retail part of 15,200 sq m located on Sadovoye Ring in 40 m from Smolenskaya metro station.

The grand opening of this complex is planned for April 2019. Currently the heating circuit of the building is being closed and internal finishing works are commenced.

Marina Malakhatko, Director of CBRE Moscow Retail, said: “Smolensky Passage 2 - is a long - awaited project for the entire market, and for me personally, because we have finally found an ideal platform for the realization of a long-standing dream-a premium format of the retail concept in a modern interpretation. Arbat district is characterized by the highest level of cost per square meter in Moscow: the average price is 525,000 rubles/ sq m. More than five thousand people with a very high income live within a radius of three kilometers. The business environment is represented by Class A office centers, including Smolensky Passage 1 and 2, Lotte Plaza, a variety of government organizations, embassies and foreign offices. The average salary in the area is 123,000 rubles per month. In addition, the location of the project next to the key luxury hotels of the city, such as Radisson Royal, Golden Ring, Lotte Hotel allow to count on the growth of tourist flow and, as a result, high sales in the first and second phases. Thanks to the joint efforts with the developer's team, we intend to create the most fashionable premium platform that combines the latest trends in fashion industry and services.”