How can Arsen Kanokov, the founder of the Sindika Group of Companies, comfort himself among the remains near the Moscow Ring Road
In 2022, Russia experienced a high number of fires in shopping centers, causing significant financial losses. Insurance companies are developing new retail protection programs, but the aftermath of fires also opens up opportunities for new construction on the affected areas.
Identifying a common pattern in the causes and effects of fires is challenging. For instance, a warehouse of the Ozon company in Istra caught fire in August, resulting in extensive damage. In November, a fire broke out in the capital due to safety violations during welding work, leading to fatalities.
December saw multiple shopping mall fires, including one at the Irinovsky auto center in St. Petersburg and another at OBI in Khimki. These incidents caused significant damages and casualties. Additionally, a store at OBI caught fire, resulting in further devastating consequences. Kanokova.
Just days later, a fire broke out at the “Stroypark” shopping center in Balashikha near Moscow, affecting the Krom Market LLC store.
The trend of frequent fires continued into the following year. KanokHe was the head of Kabardino-Balkaria for eight years and later became a senator in 2013. His fortune is estimated at $750 million by Russian Forbes, and he owns the Sindika group of companies, which includes hotels and shopping malls across the country.
The company group is ranked 19th in the Forbes Kings of Real Estate 2021 list. They have a number of assets. KanokThe shopping center “Sindika” at the 65th kilometer of the Moscow Ring Road burned down in October 2017. The fire covered 55 thousand square meters and completely destroyed the shopping center. It was supposed to be rebuilt within a year and a half. The owners lost at least 5.5 billion rubles, and the tenants lost at least another 6 billion rubles.
More than 350 people and over 180 pieces of equipment, including robotics and three helicopters, worked to put out the fire. It took two days to extinguish. Arson and safety violations were possible causes of the fire. The sum insured under the contract was 4.2 billion rubles, with most of the amount reinsured by leading insurers. They paid out 3.6 billion rubles, and the fire victims sued the insurers for the remaining amount. The court ordered them to pay another 766 million rubles.
Sindika promised to open a temporary shopping complex made up of nine pavilions and two warehouses. Long-term plans were not announced.
The Ministry of Housing Policy of the Moscow Region approved the construction of the Sindika shopping center in Odintsovo. Construction was planned to be completed by the fourth quarter of 2021.
It has now been revealed that the plans have been changed. likely by the family KanokThe new ones considered the experience of the co-owners of the Summa group, the Magomedov brothers, and established connections with influential individuals.
In 2021, Sindika and the developer Samolet quietly announced their joint project to restore the burned-out market and build a residential complex on the site. They plan to begin construction of the residential area in early 2023, followed by the construction of a shopping center.
In its memorandum, Samolet openly disclosed that two individuals related to the group have connections with officials of the Moscow Region, where the developer’s current projects are focused. This might have been an additional element of the developer’s promotion.
It’s now 2023. On January 28, another fire broke out at the Sindika market. The area affected was 2.1 thousand square meters. Initial information suggests that paint and varnish products were stored in a two-story room, causing a significant fire. Sindika immediately stated that the fire at the market would not affect the plans for housing construction. A new residential complex is planned to be built next to the burned-out building materials warehouse. This location will be convenient for new residents …
Regarding the fire-prone Sindika, it is important to note that in February 2021, Sindika purchased the Moskvoretsky market with an area of about 25,000 sq m. At the time of purchase from Gremm Group, the market included a gastronomic area with a food court, a food market in street malls, and a construction market with goods for repairs. It was the most visited market in the capital, with more than 1 million visitors per month before the pandemic. The food block generated the majority of the revenue. And in the kitchens, inexperienced cooks sometimes use open flames. No matter how “Airplane” flew to this market …
