Petrovsky is not for sale, but may be for rent

The sale of Petrovsky retail chain is not to take place. Press-secretary of BIN-Bank, owning the chain, Tatiana Sedova told Retail.ru that no negotiations on the sale of retail assets of the bank were taking place, and the information on the sale, that appeared in Russian mass media, was to be refuted.

According to the sources within Petorvsky Chain, the management of the BIN-Bank has recently received a number of offers for the partial sale of its retail business, but rejected all of them. At the same time the source does not rule out the possibility of leasing some of Petrovsky premises to competing chains which is enough to shake up the Moscow real estate market. Presently Petrovsky is in charge of 19 Moscow supermarkets. One store on Mozhayskoye shosse, 19 is leased, while another 12 shops of the chain are not used at all. Most likely these very shops, including at least 6 very attractive ones, are going to be leased out. The 6 with average area of 4 000 sq meters are located in Troparevo supermarket on Prospect Vernadskogo, on Borovskoye Shosse, 30, Dmitrovskoye Shosse, 80, on Golubinskaya St., Musy Djalia St., Yasenevskaya St. As Retail.ru has learned among the the possible lessees are Perekriostok, Kopeyka and 12 Mesiatsev. Discussions about the possibility of sale or lease of Petrovsky shops started early this month when the key top-managers left the chain. The situation became still more complicated due to distabilization of Russian banking sector. Many analists expected the banks owning retail chains to get rid of their non-core assets to restore their liquidity. Not only BIN-Bank, but also the main shareholder of Perekriostok Alfa bank were discussed in this connection. Now, when the crises in most of the banks is over, possibility of sale of the Moscow commercial real estate is much smaller than two weeks ago.

The sale of Petrovsky retail chain is not to take place. Press-secretary of BIN-Bank, owning the chain, Tatiana Sedova told Retail.ru that no negotiations on the sale of retail assets of the bank were taking place, and the information on the sale, that appeared in Russian mass media, was to be refuted.

According to the sources within Petorvsky Chain, the management of the BIN-Bank has recently received a number of offers for the partial sale of its retail business, but rejected all of them. At the same time the source does not rule out the possibility of leasing some of Petrovsky premises to competing chains which is enough to shake up the Moscow real estate market. Presently Petrovsky is in charge of 19 Moscow supermarkets. One store on Mozhayskoye shosse, 19 is leased, while another 12 shops of the chain are not used at all. Most likely these very shops, including at least 6 very attractive ones, are going to be leased out. The 6 with average area of 4 000 sq meters are located in Troparevo supermarket on Prospect Vernadskogo, on Borovskoye Shosse, 30, Dmitrovskoye Shosse, 80, on Golubinskaya St., Musy Djalia St., Yasenevskaya St. As Retail.ru has learned among the the possible lessees are Perekriostok, Kopeyka and 12 Mesiatsev. Discussions about the possibility of sale or lease of Petrovsky shops started early this month when the key top-managers left the chain. The situation became still more complicated due to distabilization of Russian banking sector. Many analists expected the banks owning retail chains to get rid of their non-core assets to restore their liquidity. Not only BIN-Bank, but also the main shareholder of Perekriostok Alfa bank were discussed in this connection. Now, when the crises in most of the banks is over, possibility of sale of the Moscow commercial real estate is much smaller than two weeks ago.