For sale offered the SEC Mandarin on the coast of the Black Sea

On 4th of September the Auction House of the Russian Federation will hold an auction for the sale of a modern Mandarin Shopping and Entertaining Centre with a total area of 32.7 thousand sq. m on the Black Sea coast.
Address: 1/1, Bestuzheva Str., Sochi, Krasnodar Territory.
The Object is located at the intersection of Bestuzheva and Internatsional’naya streets in a walking distance from Kinoteatr Komsomolets (Komsomol Member Cinema) and Novy Vek (New Age) public transport stops. Travel time to the airport is 10 minutes.
The shopping centre is a complex, consisting of nine buildings of A+ class and a 37-meter height observation tower. The moll includes stores and restaurants of different categories, own beach, concert hall, swimming pools, children’s entertaining centre, Aqua Park and so on.
For today 75% of areas to be sold are occupied by tenants, including anchor ones. Among them are McDonald’s, KFC, Baskin Robbins, Papa Johns, Chaikhana, L’Etoile and others.

Starting price – 1.38 billion rubles.
The sale is on behalf of the LLC Expo.

“The Mandarin is a unique entertaining complex. Due to availability of the own beach, the out-of-door swimming pool, numerous night entertainments and so on it is popular among tourists and among city inhabitants.
The Object location and a great number of stores with different categories of goods, as well as availability of anchor tenants will be able to provide a stable income all year round”, – comments Olga Zheludkova, Head of Department for Work with Troubled and Non-Core Assets of Banks.

For detailed information about the Object of sale please see the website of the Auction House of the Russian Federation (AHRF)