PrJSC Mandarin Plaza, developing the chain of shopping and entertainment centers Lavina, Blockbuster, Ocean Mall and others, is holding talks with Russia’s TPS Real Estate on the acquisition of Ocean Plaza shopping center, Mandarin Plaza Board Chairman Oleksandr Chernitsky has told Interfax-Ukraine.
“We really have been talking for a long time. However, first, there we have a specific seller and the facility. Secondly, we are constructing a brand new modern building, which will be much higher than the existing one. Therefore, if the price is reasonable, we will be ready to buy, if it is not, we will not buy. These facilities can operate in synergy,” Chernitsky said.
When asked about the presence of another potential buyer, he said: “I can hardly imagine it, because all interested parties had chances, but for some reason, nobody bought – neither Dragon Capital nor others… We are the only interested ones since this is our profile business. For the rest, it is a third party asset, and for us it is the targeted profile business.”
At the same time, he said that the company is not ready to enter this asset in partnership with other investors.
“We are not ready to enter the facility in the partnership, only if we are alone,” Chernitsky said.
At the same time, he expressed the opinion that the change of the management company of the Ocean Plaza shopping and entertainment center is most likely related to restructuring.
“This is the owners’ internal workings… As we learned, the beneficiary of this company [Kyiv Mall Management LLC] was engaged in the restructuring of the Furshet many years ago and de jure since that time loose ends have been left,” Chernitsky said.
