Shopping Centers Russia Январь 2022 | Page 63

Five main reasons why Garant-Invest FPK shopping centers are successful and efficient:

• Good location. Location near residential complexes and transport hubs guarantees a stable traffic of loyal customers. Buyers are now not ready to travel far for the necessary services: they value their time and comfort.

• Small size and portfolio approach. Now the most demanded are compact objects within walking distance from the house, where the necessary set of services is presented. Despite their relatively modest size (from 10,000 to 50,000 sq. m.), all Garant-Invest FPC shopping centers are extremely efficient, and the vacancy rate in them even now, during the pandemic, does not exceed 3%. The principal position of FPK Garant-Invest is the formation of a portfolio of assets in different parts of the city: it is better to have 10 shopping centers of 10,000 sq. m than one per 100,000 sq. m.

• Competent selection of tenants. District centers are already moving away from classic shopping, because the demand for services, entertainment and gastronomic concepts is growing. Accordingly, Garant-Invest is increasing the share of public catering and services, which leads to an increase in traffic and income from renting space. More than 80% of the space in Garant-Invest's shopping centers is occupied by chain tenants, who also form 86% of revenue.

• Timely update. The implementation of the PE Program allows you to update the existing shopping centers on time without closing them to visitors and in a short time (6-8 months). As a result, attendance increases by 1.5–2 times, revenues by 20–50%, and the market value of assets by 30–70%.

• Focus on sustainable development. FPC "Garant-Invest" pays great attention to resource saving, attention to the energy efficiency of its projects, their impact on the urban environment, implements social initiatives and creates a favorable corporate culture. Integrated work increases the value of the objects included in the company's portfolio, and also has a positive effect on the capitalization of the entire Garant-Invest brand.

Bonds of FPK Garant-Invest

Implementing a phased transformation into a public company, Commercial Real Estate FPK Garant-Invest JSC has already placed 11 bond issues on the Moscow Exchange for a total of 14 billion rubles, of which 5 issues for the