Moscow will soon host a spate of new retail outlet malls. U.S. real estate developer and investor Hines International Real Estate Fund and local developer Belaya Dacha opened their first mall, Belaya Dacha Outlet Village, this past weekend. Tenants at the mall, located about 4 kilometers from the Moscow Ring Road, include sportswear brands Adidas, Nike, Puma and Reebok, as well as US Polo, L'Etoile and Miss Sixty. Last week, the Federal Anti-Monopoly Service approved a deal that would allow a wholly-owned Hines subsidiary to purchase Belaya Dacha's 49% share in the mall. However, a Hines spokesman stated, "We are not buying out Belaya Dacha. … Belaya Dacha is our long-term partner on the project." Meanwhile, two other outlets are scheduled to compete with Belaya Dacha Outlet Village soon. Vnukovo Outlet Village plans to open by the end of the year, and the Fashion House Outlet Center Moscow is expected to open in March of 2013 near the Moscow suburb of Khimki.
http://www.themoscowtimes.com/business/article/outlet-mall-boom-under-way-in-moscow/466880.html
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