The Kama Capital Investment holding has finalized the acquisition of the Outlet Village Pulkovo and Outlet Village Belaya Dacha shopping centers. Outlet Village Pulkovo was purchased from Hines, the international fund, while the second outlet was acquired from the same fund and the Belaya Dacha company, both stakes being acquired simultaneously. This marks the first time since the opening of Belaya Dacha Outlet Village that the property has been consolidated under single ownership. The transaction was approved by the Government Commission for control over the Implementation of Foreign Investments in the Russian Federation. The new acquisitions underscore the company’s commitment to expand its portfolio with high-quality assets and strengthen its position in commercial real estate.
The simultaneous acquisition of both properties is expected to create a synergy effect through efficient lease management and coordinated marketing initiatives for tenants. Kama Capital plans to continue its partnership with the Atlas Asset Management & Development management company to retain current tenants and ensure seamless professional oversight of the outlet centers.
The fashion outlets in Russia’s two largest socio-economic hubs, Moscow and St. Petersburg, are a key addition to the company's diverse retail property portfolio. The mid-market segment, represented by the ‘Aquarelle’ shopping centers in major regional cities, will now be complemented by premium retail spaces in the two capitals. Kama Capital sees this as the foundation for stable growth in consumer demand and rental income in the future.
Outlet Village Pulkovo (35,500 sq.m), opened in 2015 in St. Petersburg, becoming the city’s first European-style outlet complex. It currently houses over 100 shops of well-known brands, along with service operators, including restaurants, cafes, and children’s play areas. The outlet is located just 1 km from Pulkovo International Airport and a 20-minute drive from central St. Petersburg.
Outlet Village Belaya Dacha, launched in August 2012 in the Moscow region, was Russia’s first open-air outlet center. Spanning 37,200 sq.m, it features approximately 180 mono- and multi-brand stores, as well as cafes, restaurants, and children’s play areas. Convenient shuttle services are available from Kotelniki Metro Station in Moscow.
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Kama Capital (JSC) is an investment holding company engaged in the acquisition, operational management and development of iconic and prospective commercial real estate properties. Currently the company owns shopping and office centers with a total area of over 470 thousand sq.m. Previously Kama Capital closed the deal of acquisitions of the Metropolis Business Center (110 thousand sq.m.) from Hines International and the PPF fund and Russian assets of the French Ceetrus, formerly part of the ELO Group (ex- Auchan Holding): several Aquarelle regional shopping centers, as well as shopping galleries and cashline zones of Auchan hypermarkets (290 thousand sq.m). The company's assets are located in 11 regions of Russia, including greater Moscow and St. Petersburg, the Volgograd and Rostov regions, among others.