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Forbes published a top list of Russian real estate kings

24 January 2019


Stagnation in the market did not affect the leaders of the new rating of the kings of Russian real estate, which was published by Forbes. The first place among the major landlords once again was taken by Kievskaya Ploshchad.

The company of Zarakh Iliev and God Nisanov, which owns the Food City shopping complex, SEC Evropeiskiy and a number of other objects, took first place in the Forbes’ ranking of real estate kings for the eighth consecutive year . Total rental income over the past year increased from $ 1.535 billion to $ 1.565 billion.

The situation has not changed for the entire top five. The second place is still occupied by Ingka Centers (formerly IKEA Mos) with shopping centers in different Russian cities. Their rental income rose from $ 840 million to $ 865 million .


Next come Tashir of Samvel Karapetyan ($670 million), Safmar of Mikhail Gutseriev ($575 million) and Crocus Group of Araz Agalarov ($410 million). Revenues in the top five decreased only in the case of Safmar.

There are changes in the second half of the top 10 rating. Alexander Svetakov’s Absolut Group dropped out of the top 10. Last year it had the ninth place. On the contrary, the construction company Enka of the Tara family entered the top ten on 7th place.

Alexander Klyachin’s KR Properties and Integrated Investments improved their positions in the rating. O1 Properties and Regiony group lost a little, but still remained in the top 10.


Forbes points out that the amount of investment in the Russian commercial real estate in 2018 totaled about $ 3 billion which is almost 40% less than a year earlier.


Natalia Tischendorf , Head of JLL 's Financial Markets and Investments Department, indicated that the borrowed money on the market happen to be because after the transfer of several major banks under the state’s wing, competition in the real estate financing segment has increased. At the same time, foreign banks have reduced their activity. For example the portfolio of Nordea Bank consists only of two small projects .



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