Three ethnic Armenian businessmen are among ‘Kings of Russian Real Estate 2017’ rating
25.01.2018,
15:28
Three Russia-based businessmen of Armenian origin - Samvel Karapetyan, Gagik Adibekyan and Ruben Vardanyan – are included in the latest rating of the Russian edition of Forbes "Kings of Russian Real Estate 2017".
YEREVAN, January 25. /ARKA/. Three Russia-based businessmen of Armenian origin - Samvel Karapetyan, Gagik Adibekyan and Ruben Vardanyan – are included in the latest rating of the Russian edition of Forbes "Kings of Russian Real Estate 2017".
Samvel Karapetyan, the president of the Tashir Group, has retained the third position in the top thirty ranking. His company commissions annually more than 500,000 square meters of commercial real estate for various purposes. The total rental income is $650 million per year.
Gagik Adibekyan and Ruben Vardanyan own the international investment and development holding company RD Group (28th place). RD Group together with Ruben Vardanyan’s foundations owns more than $1 billion worth commercial property earning more than $65 million a year as rental income. Gagik Adibekyan founded the RD Group in 1996 and currently is the chairman of its board of directors.
The rating is topped by Kievskaya Ploschad company of Zarakh Iliev and God Nisanov with rental income of $1.535 million, followed by IKEA Mos with $840 million rental income.
According to the Forbes, Russia is building less commercial real estate: in 2017 some 2.5 million square meters of shopping, office and warehouse space were put into operation, down from 3.6 million square meters a year earlier. The highest figures were reported for 2014, when 7.2 million square meters were commissioned.
"The general state of the economy leaves much to be desired. Developers complain about the lack of long-term and cheap financing, and the demand for commercial real estate is falling, also because of the increasing penetration of digital technologies into different types of business," Forbes notes. -0-
Samvel Karapetyan, the president of the Tashir Group, has retained the third position in the top thirty ranking. His company commissions annually more than 500,000 square meters of commercial real estate for various purposes. The total rental income is $650 million per year.
Gagik Adibekyan and Ruben Vardanyan own the international investment and development holding company RD Group (28th place). RD Group together with Ruben Vardanyan’s foundations owns more than $1 billion worth commercial property earning more than $65 million a year as rental income. Gagik Adibekyan founded the RD Group in 1996 and currently is the chairman of its board of directors.
The rating is topped by Kievskaya Ploschad company of Zarakh Iliev and God Nisanov with rental income of $1.535 million, followed by IKEA Mos with $840 million rental income.
According to the Forbes, Russia is building less commercial real estate: in 2017 some 2.5 million square meters of shopping, office and warehouse space were put into operation, down from 3.6 million square meters a year earlier. The highest figures were reported for 2014, when 7.2 million square meters were commissioned.
"The general state of the economy leaves much to be desired. Developers complain about the lack of long-term and cheap financing, and the demand for commercial real estate is falling, also because of the increasing penetration of digital technologies into different types of business," Forbes notes. -0-
