Finstroy, the real estate developer, will build its first Moscow commercial center at the intersection of the MKAD and Altufyevskoye Shosse. The object’s opening is planned for the 4th quarter of 2012, says retail space rental firm Jones Lang LaSalle. Rental space in the two-level retail center will total 56 000 square meters. Key tenants will include the “O’key” hypermarket (14 000 sq. m.), a household appliance and electronics store (6000 sq. m.) and a multiplex cinema (4000 sq. m.). The retail center’s concept includes parking for 3000 spaces.

“In Moscow, this retail center will provide a synergetic effect with the existing stores Leroy Merlin, Auchan and Decathlon, adding clothing and footwear stores and a large entertainment platform with a 6-theater cineplex,” in the words of Jones Lang LaSalle’s retail rental senior consultant, Sergey Kotov.

The Finstar group of companies (“Finstar Properties,” prior to 2009) was founded in late 2006 for the realization of projects in the sphere of commercial real estate development in Russia, as expressed in the company’s profile on its website. Its founder is Finstar Financial Group, an international investment holding, specializing in the development of projects in real estate, the gaming business and retail. At the end of 2010, the company owns five operating retail centers – in Belgorod, Ulianovsk and Ufa – with a total area of 92 000 square meters. In the second quarter of 2011, Finstroy plans to finish construction of a commercial center in Barnaul (31 500 sq. m.)