VEGAS retail and leisure center opened in Moscow - PHOTOSESSION

VEGAS retail and leisure center opened in Moscow - <font color=red>PHOTOSESSION</font>
# 01 June 2010 16:20 (UTC +04:00)
Moscow. Roman Aghayev – APA. VEGAS retail and leisure center was opened in a solemn ceremony in Moscow on Tuesday. Crocus Group presented first thematic shopping mall in Russia, APA correspondent reports from Moscow. The retail and leisure center is located in 400 000 sq. m area. The first shopping mall in Russia contains theme park of two-stage extreme attractions in 5 000 sq.m.
Crocus Group’s President Aras Agalarov and Sberbank’s Vice President Alexander Bazarov cut a ribbon symbolizing the opening of the center. Representatives of the showbiz and business groups attended the ceremony hosting by popular Russian TV presenter Andrei Malakhov. Crocus International Commercial Director Emin Agalarov and his family introduced the retail and leisure center to the participants of the ceremony.

VEGAS operators are Auchan Group, Tvoy Dom complex, Media Market, M-VIDEO, INDITEX Group (Zara, Oysho, Massimo Dutti, Bershka, Stradivarius, Pull&Bear) and other famous international and Russian companies. Emin Agalarov said Crocus Group used its 15-year experience of unique trade centers to realize this project. “We are happy to see retailers, who share our views about the great future of this project, which has no parallel, among our partners”. He said VEGAS was a Disneyland for adults and they were working on the projects of second and third VEGAS now. One of them will be larger than first VEGAS and every complex will be different from each other. VEGAS in the territory of Crocus City will contain Rockefeller Center, China-town, Times Square alongside with thematic retail galleries of the first complex. Emin Agalarov said these projects were new ideas of his father Aras Agalarov.

Crocus Group spent $US600 million, including $US375 million Sberbank’s loan, to the project. 9 000 new jobs were created in the center. VEGAS operations will pay more than three billion rubles to the budget.