Kievskaya Ploshchad Buys the Central Market in Moscow
Moscow’s famous Central Market was recently bought by the Kievskaya Ploshchad group, which Forbes Russia described as being the largest actor in the Russian commercial real estate market. The Kievskaya Ploshchad group was founded by God Nisanov and Zarakh Iliev, who have been partners in business since 1992. Moscow real estate experts, such as Irina Demyanenko and Alexei Bogdanov of Knight Frank and S. A. Ricci respectively, described the Kievskaya Ploshchad Group’s decision to invest in gastronomical centers in general and in the Central Market in particular as a very wise investment. Artem Tsogoev, who is director of investments with Trinfico, concurs with that assessment, describing the Central Market deal as a “landmark” that identifies Kievskaya Ploshchad as the industry leader.
What Is the Central Market?
The Central Market, which resides in a 4,700 square meter building on Rozhdestvensky Boulevard, is one of Moscow’s preeminent gastronomical centers. As noted, it has been sold to Zarakh Iliev and God Nisanov’s Kievskaya Ploshchad group, joining a long list of other high-profile premium properties and assets in the Russian capital that are owned by Kievskaya Ploshchad, such as the Olimpiysky sports complex, the Depo Lesnaya gastronomic quarter, the Evropeisky shopping mall, and the Radisson Collection Hotel.
The Central Market offers visitors a broad array of restaurants, coffee shops, bars, and food stores throughout the spacious four story structure as well as a successful grocery store. Several popular restaurant chains are situated on the first and second stories, offering cuisine from countries around the world, including Russia, Uzbekistan, Japan, Lebanon, India, Vietnam, Mexico, the United States, Greece, China, Dagestan, Korea, Georgia, and even Hawaii. Kievskaya Ploshchad now intends to expand the variety of cuisines from around the world available at the market.
The Central Market also houses the famous Gorynych restaurant under the illustrious chef, Vladimir Mukhin. Gorynych specializes in what he describes as “naked flame cuisine,” offering a delectable selection of special dishes.
What Are Kievskaya Ploshchad’s Plans?
As noted, the Kievskaya Ploshchad group, which recently bought the Central Market, intends to expand the center’s gastronomical range. It also has plans to develop and expand the entertainment services that are offered at this hub, drawing an even larger and more diverse crowd. Moreover, even though the Central Market was reopened in 2017 after extensive renovation, Kievskaya Ploshchad nevertheless intends to replace the ventilation system, the elevators, and the light and sound equipment at the center.
Part of a Broader Trend
God Nisanov, who is the chairman of the board of directors of the Kievskaya Ploshchad Group of Companies, described the Central Market as being “naturally integrated” into Kievskaya Ploshchad’s portfolio, noting the group’s extensive holdings in gastronomic centers and Moscow landmarks. Nisanov cited specifically in that context the Depo Lesnaya gastronomic quarter, which he explained is a “unique gastronomic quarter with the largest food mall in Europe.” Nisanov added that Depo Lesnaya quickly became tremendously popular among Muscovites and visitors to the capital after it was developed by Kievskaya Ploshchad. He added: “We plan to use our experience to bring the Central Market to a whole new level.”