Market-leading Russian retail team makes major appointments

25 Nov, 2005, Moscow

Cushman & Wakefield Stiles & Riabokobylko (C&W/S&R) has appointed Konstantin Sakharov as Executive Director Retail Services to lead its 18-strong retail team. It has also appointed Anna Shchapova as senior leasing consultant. She is formerly of Jones Lang LaSalle.

Konstantin joins C&W/S&R from major retail developer ОАОRegiony Regions Development, a regional branch of AFK Systemа, where he was Chief Executive Officer. Konstantin holds an MBA degree from Columbia University, USA and a Master of Arts from Moscow State University. He brings with him considerable experience in business development and strategic planning in the real estate sector.

Konstantin Sakharov said: "The real estate market is growing very fast and it's our role to anticipate future market needs and opportunities. My mission is to spearhead further growth of our excellent retail team by leveraging the strengths of our people and Cushman & Wakefield's established international brand. Our strength in Eastern European retail markets in particular gives us a distinct advantage in our market as clients know that our extensive cross-border expertise across Europe means we can deliver the service and indeed the retailers they need".

Mark Stiles, General Director of C&W/S&R said; "The Russia retail sector is undergoing dynamic development offering huge opportunities to investors, developers, retailers and in particular, overseas retailers. The Cushman & Wakefield brand is synonymous with retail sector expertise and the strength of our highly successful teams here in Moscow and Eastern Europe and indeed the rest of Europe, means we are well positioned to grow our business even more significantly in the future".

These appointments form part of a restructuring of the retail team involving the departure of five members of the team. C&W/S&R is the largest and longest established retail agent in Russia with a team of 18 retail professionals. To meet the rapid increase in demand for retail services the firm is recruiting the best talent in the market and expects to make announcements on several further appointments in the coming months.

The firm is retained by a number of retailers and developers including major shopping centre schemes such as IKEA's Mega Malls, Crocus International 'Kashirsky Mall' project, Regions Development project 'June' in St Petersburg, Victor & Co project 'Mega City' in Samara. It is also advising clients in emerging retail markets including Yekaterinburg, Kazan, Novosibirsk, Perm, Samara and Ufa. C&W/S&R is part of Cushman &Wakefield's leading European retail team which dominates the market with 170 retail professionals who together are involved in 300 shopping centre schemes comprising a total of 10 million sq m.

C&W/S&R is a wholly owned Cushman & Wakefield office and was acquired on 1st January this year after a seven year working association. It is the largest full service real estate firm in Russia with over 100 staff and is Cushman & Wakefield’s second largest European office after London. The firm recently celebrated its 10th anniversary with a party for over 2,000 guests.

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