Aviapark


Aviapark is a six-story shopping center in the Khoroshyovsky District of Moscow, Russia. At 390,000 square meters of total space and 230,000 square meters of leasable area, it is the largest shopping mall in Europe.
It opened in November 2014 with more than 500 stores and a four-story aquarium that extends to the ceiling of the retail section. The aquarium was recognized by Guinness World Records as the tallest cylindrical aquarium in the world at in the world.

Location

The property is in the Aeroport District of Moscow, on the grounds of the former Khodynka Aerodrome. There is no direct access to the mall on the Moscow Metro; however the CSKA, Aeroport, Dinamo and Polezhayevskaya stations are a short distance and the mall provides free shuttle buses from some stations for customers.

Development and Ownership

The property was developed by AMMA Development, which was founded by Mikhail Zaits. The only major shareholder is Mikhail Zaits.
In 2017, media reports suggested that Gazprombank was, at one point, involved in the mall’s ownership. The bank initially provided a $560 million construction loan on the mall. Kommersant reported that, as part of a restructuring, Aviapark Mall Holdings received an option to buy the remaining stake from Gazprombank, which it exercised, removing the bank from the ownership structure.
It received its GPZU, or approved development plan, in June 2012 and began construction later that year. The opening was projected for the fourth quarter of 2014. Jones Lang LaSalle was named as the property’s leasing agent.

Major Retailers

The mall’s anchors include French retailer Auchan, the home improvement chain OBI, IKEA, Stockmann, Sephora and H&M. Karo, a Russian theater chain, operates a 17-screen cinema, one of the largest in Russia.