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News Release

Moscow

Silk & Cashmere to open its first direct boutique in Russia in METROPOLIS mall, Moscow


Silk_Cashmere_shop.jpg 

Moscow, 07 July, 2014 – Silk & Cashmere, one of the world's largest cashmere retail distributors, leased 61.6 sq m space on the 1st floor of METROPOLIS mall for its first direct store in Russia. JLL exclusively advised on the deal.

Silk & Cashmere opened its first ever store in Zurich 23 years ago, they have been constantly developing all over the global markets, and at present they decided to enter the Moscow one to start building its loyal Russian customer base. METROPOLIS mall, Moscow's one of the most prestigious and bustling shopping centres, now hosts Russia's first direct Silk & Cashmere store. With nearly 200 sales points in dozens of world capitals including London, Paris, Zurich, Geneva and Melbourne, Silk & Cashmere is now taking its niche in Moscow market providing itself with further successful brand development within the country. In the next 3 years, Silk & Cashmere plans to open 5 directly operated stores in Moscow, St. Petersburg and Kazan.

METROPOLIS evolving concept focuses on hosting premium European fashion brands creating a unique shopping experience built on latest consumer insights. Silk & Cashmere is known worldwide for its high quality products and wide selection, making their choice to open the store in METROPOLIS mall well justified.

Aysen Zamanpur, Silk & Cashmere CEO, said:  "Wherever we are around the world, Russians have always loved our brand, followed our international expansion and remained among our top three customer segments during the 23 years of our operation. In fact, our first collection was named Dr. Zhivago to reflect their appreciation of our brand. For years, they've supported our growth and followed us around the world, and now, to express our gratitude, we're coming to their doorstep. Russia has a cold climate and the Russians have a profound appreciation of cashmere. Therefore, we have decided to fill in this gap with a help of an international consultant JLL. We fully trusted JLL due to their profound knowledge of the domestic market, and no one could have advised us in a more professional way."

METROPOLIS mall is located on Leningradskoe Highway, near the Voykovskaya metro station, in the North-West district of Moscow. The scheme's GBA is 205,000 sq m, GLA is 82,000 sq m. The Metropolis parking capacity is 2,800 car spaces.

About JLL

JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4 billion, JLL has more than 200 corporate offices and operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 279 million square meters and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $48.0 billion of real estate assets under management. JLL is the brand name of Jones Lang LaSalle Incorporated.

In Russia and CIS JLL has offices in Moscow, St. Petersburg and Kiev. JLL, Russia & CIS was voted Consultant of the Year in 2004, 2006, 2007, 2008, 2009, 2010, 2011, 2012 , 2013 and 2014 at the Commercial Real Estate Awards, Moscow; Consultant of the Year at the Commercial Real Estate Awards 2009, St. Petersburg and The Best Real Estate Consultancy in Ukraine at the Ukrainian Property Awards in 2013.

For further information, visit www.jll.ru