Czech holding PPF Real Estate announced the completion of all financial and legal procedures for the purchase of shopping center "Nevsky Center" from the Finnish Stockmann Group. This deal worth 171 million euros was concluded by the companies back in October 2018, when Stokmann decided to focus on the development of its stores in the Baltic States and Finland.

Director of the Public Relations Department PPF Real Estate Russia Vitaly Krasnyukcommented on this event on the company's website: "The shopping center has become our first asset in St. Petersburg. We have already started the full integration of the facility and the management company into the structure of PPF Real Estate Russia and will make every effort to make the center even more comfortable and attractive for residents and guests of the city.

At the same time, the company JSC "Stockmann", which is the Russian representative of the Finnish brand, which develops department stores under its brand franchise in the cities of our country, also has news.

In Moscow, the last two stores PODIUM Market have completed their work in the shopping gallery "Fashion Season" and in the shopping center "European". And already on February 8, comfortable department stores of European shopping "STOCKMANN" will be opened in their place.

From February 1 to September 1, 2019, the STOCKMANN store is closed for reconstruction in the Golden Babylon shopping center, it is going to be converted to a more modern format and make it much more comfortable for customers. Currently, all goods are being liquidated here. Until January 31, two advantageous offers are valid at once: discounts of up to 70% on a selective range of products, as well as an additional 20% discount on a selected range.

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