{"id":1004082562,"date":"2013-08-23T06:25:31","date_gmt":"2013-08-23T14:25:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004082562"},"modified":"2022-12-09T02:06:56","modified_gmt":"2022-12-09T10:06:56","slug":"amstar-sells-aura-shopping-center-in-novosibirsk-russia-to-roseuro","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/amstar-sells-aura-shopping-center-in-novosibirsk-russia-to-roseuro\/","title":{"rendered":"Amstar Sells Aura Shopping Center in Novosibirsk, Russia, to RosEuro"},"content":{"rendered":"<p><i>By Gabriel Circiog, Associate Editor<\/i><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/08\/Aura-Shopping-Center-in-Novosibirsk.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004082565\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/amstar-sells-aura-shopping-center-in-novosibirsk-russia-to-roseuro\/aura-shopping-center-in-novosibirsk\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/08\/Aura-Shopping-Center-in-Novosibirsk.jpg\" data-orig-size=\"314,214\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Aura Shopping Center in Novosibirsk\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/08\/Aura-Shopping-Center-in-Novosibirsk.jpg?w=314\" class=\"alignleft size-medium wp-image-1004082565\" alt=\"Aura Shopping Center in Novosibirsk\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/08\/Aura-Shopping-Center-in-Novosibirsk.jpg\" width=\"300\" height=\"204\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/08\/Aura-Shopping-Center-in-Novosibirsk.jpg 314w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/08\/Aura-Shopping-Center-in-Novosibirsk.jpg?resize=300,204 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Amstar recently sold its Aura Shopping Center in Novosibirsk to RosEuro Development. Although specific terms of the transaction were not disclosed, sources close to the deal labeled the sale as the largest ever retail real estate transaction in Russia outside of Moscow and St. Petersburg.<\/p>\n<p>Located in Novosibirsk, the third largest city in Russia, Aura Shopping Center was built by Amstar in partnership with Renaissance Development and opened back in 2011. The shopping center features more than 200 stores and 61,000 square meters (656,600 square feet) of leasable area. Situated close to Lenin Square and the city\u2019s main street, Krasniy Prospect, the four-story building is the premier shopping center in Novosibirsk.<\/p>\n<p>\u201cThe sale of Aura marks the culmination of a successful project for Amstar and its investors and is an opportunity for RosEuro to add a stabilized, award-winning project to its growing portfolio of Russian regional malls,\u201d said Jason Lucas, president of Amstar Global Advisers.<\/p>\n<p>Aura Shopping Center is currently fully leased and is anchored by Okey Hypermarket and MediaMarkt. The mall features a mix of Russia\u2019s most popular retailers including Zara and other Inditex brands, Sportmaster, New Yorker and Adidas. Aura Shopping Center was awarded, in 2012, the \u201cGold Brick\u201d Award for Russia\u2019s \u201cBest Large Regional Shopping Centre\u201d by Commercial Real Estate Russia at the CRE Federal Awards in St. Petersburg.<\/p>\n<p>\u201cThis sale demonstrates both the success of Amstar\u2019s global strategy and the strength of our long-standing partnership with Renaissance.\u00a0 We remain confident in the Russian real estate market and will continue to seek out opportunities for commercial real estate development,\u201d added Lucas.<\/p>\n<p>Amstar and Renaissance continue to maintain a strong partnership, the joint venture still owning four operational shopping centers in Turkey and a fifth, which is scheduled to open in October 2013.<\/p>\n<p>Aura Shopping Center will become the second operational shopping center in RosEuro Development\u2019s Russian portfolio. The company owns and operates Planeta Shopping Center in Krasnoyarsk and is currently developing three other Planeta shopping centers in Ufa, Novokuznetsk and Perm.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amstar sold one of the largest shopping centers in Russia, at four stories and 657,000 square feet, to RosEuro Development.<\/p>\n","protected":false},"author":264,"featured_media":1004082565,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16,21783,21742,21749],"tags":[],"class_list":["post-1004082562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","category-investment","category-latest","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Amstar Sells Aura Shopping Center in Novosibirsk, Russia, to RosEuro - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/amstar-sells-aura-shopping-center-in-novosibirsk-russia-to-roseuro\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amstar Sells Aura Shopping Center in Novosibirsk, Russia, to RosEuro\" \/>\n<meta property=\"og:description\" content=\"Amstar sold one of the largest shopping centers in Russia, at four stories and 657,000 square feet, to RosEuro Development.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/amstar-sells-aura-shopping-center-in-novosibirsk-russia-to-roseuro\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-08-23T14:25:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:06:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/08\/Aura-Shopping-Center-in-Novosibirsk.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"314\" \/>\n\t<meta property=\"og:image:height\" content=\"214\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gabriel Circiog\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/amstar-sells-aura-shopping-center-in-novosibirsk-russia-to-roseuro\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/amstar-sells-aura-shopping-center-in-novosibirsk-russia-to-roseuro\/\",\"name\":\"Amstar Sells Aura Shopping Center in Novosibirsk, Russia, to RosEuro - 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