Etalon Group Sells Moscow Shopping Center At Loss

Average daily traffic at Moscow shopping centers fell by 2% year-on-year in the first quarter of 2026. Pavel Lyulya, president of the Union of Shopping Centers, noted these shifts in retail formats. Medium and large shopping centers in Moscow have reached a 16 percent traffic level. Heavy traffic congestion is affecting Moscow, with delays reported on the Moscow High-Speed Diameter, particularly in the southeast. Severe congestion is also noted near the Technopark metro station on Andropov Avenue. Maps indicate widespread slow-moving traffic across the city. Drivers are reporting traffic delays across Moscow, specifically noting heavy congestion on the Moscow High-Speed Diameter. The Etalon Group sold the Letniy Sad shopping center on Dmitriyvskoye Highway in Moscow at a loss of 2.2 billion rubles. The property was acquired by the Arden Group, which specializes in residential construction. Analysts estimated the value of the shopping center to be between 4.5 and 5 billion rubles. The sale was reported by Kommersant. The transaction budget may have reached up to 3.5 billion rubles, according to Kommersant.