PJSC "Detsky Mir", Russia's largest specialized retail retailer of children's goods, announces the acquisition of its own store building with an area of 7 thousand square meters in Moscow, located at:Vernadsky Ave., 37, bldg. 3.

The transaction was made within the framework of the operational efficiency improvement program of the group of companies and will maximize the efficiency of the store on Vernadsky Avenue, one of the key trading platforms of the Children's World in Moscow, included in the TOP 5 stores of the chain in terms of revenue. «Detsky Mir» plans to reconstruct the building and create on its basis the largest modern children's goods store in the southwest of Moscow.

The transaction price was 550 million rubles.The seller of the building was a closed-end mutual real estate investment fund managed by LandProfit LLC. The evaluation of the building for the purposes of the transaction was carried out by the leading independent consulting companies Baker Tilly Rus Consulting and Cushman & Wakefield. The transaction was approved by the Company's Board of Directors.

«Detsky Mir»will continue to develop the business model of lightweight assets –Asset light business model, – opening new stores mainly on rented space in modern shopping centers.

Photo: GK "Children's World"