The Crocus Group group of companies sells all its premises in the center of Moscow, told RIA Novosti First Vice President of the Emin Agalarov Group.
“We put out all the rooms in the center of Moscow, owned by Crocus Group. The total area of the objects is about 2 thousand square meters. Currently, we have active negotiations with large fashion brands,” said Agalarov.
Speaking about the reasons for sale, Agalarov noted that the profitability of such real estate decreases. “Moscow has become too pedestrian, and the prices for real estate in these areas, according to our analysts forecasts, will begin to go down,” he stressed, at the same time, noting that he would love to lease the premises, “if new owners agree to leave me on Normal conditions. “