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Brest needs implant – of capital

Tomasz Cudowski 22 January 2020

Tomasz Cudowski

Journalist

+48 22 356 25 23
tomasz.cudowski@eurobuildcee.com

Tomek graduated from the faculty of modern languages at the Adam Mickiewicz University in Poznań, where he also started his journalist career in the late 1980s. He has worked in the real estate press since 2005, covering the residential market for ‘Eurobuild CEE’ magazine as well as the new technologies and property management sectors. Sometimes he can be heard on Polish Radio 2, where he reviews the press on the morning programme. At other times he can be seen in the Bieszczady or Beskid Niski mountains, where he enjoys rambling with no fixed purpose or destination in mind.

Brest needs implant – of capital
The centre close to Brest Fortress has among its tenants Polish children's clothes brand 5.10.15

BELARUS The Ministry of Economy has put up for sale two existing shopping centres in Brest.

The shopping centres, which are both in good locations, were owned by a local company that has entered administration. This was Brest-based Asstor-West, which was founded by Elena Dubovik. In 2013 the company was on the list of 120 largest retail property owners in Belarus in terms of turnover, but in the wake of the 2014 downturn found itself in financial difficulties. Asstor-West was declared bankrupt in 2018 and its real estate is now being sold off in order to pay off its debts.

One of these is a shopping centre on Masherova near the Brest Fortress. The 16,500 sqm building includes a Dionis supermarket, clothing stores and many other tenants. After an unsuccessful first attempt to sell the property, the starting price in the auction has been reduced to RUB 23.7 mln (around EUR 10 mln). The second, smaller centre, at Moskovskaya 32, comprises 3,200 sqm. The starting price is RUB 3.9 mln (around EUR 1.65 mln). Both auctions are to be held on January 28th.


The shopping centre on Moskovskaya in Brest






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