COMPANY
ENKA TC, formerly Ramenka, was established in Moscow as a 50%-50% equal partnership of ENKA and Migros in 1997 to establish shopping centers and supermarket chains in Russia and in November of the same year launched its first Ramstore hypermarket and shopping center in the Kuntsevo district of Moscow, which was constructed by ENKA on a total area of 19.400 square meters. The company continued its growth and opened its second hypermarket and shopping center Marina Rosha despite the economic crisis in Russia in 1998. Adhering to high-quality standards, ENKA completed the construction of the 32.500 square meters Marino Rosha shopping center in a short time.
Later on, between 1999 and 2003, 23 new stores were opened increasing the number of stores to 25 and the number of shopping centers to 6 by the end of 2003. Regions out of Moscow started to be covered the same year by the opening of stores at Krasnoyarsk, Kazan and Nizhiy Novgorod. Despite some of them closing between 2004 and 2007 the number of stores was increased to 53 and the shopping centers to 10.
Apart from the stores in shopping centers, the company started renting large scale offices in 2007 by renting offices at the Vernadskovo complex. By purchasing the 50% share of Migros in 2007, ENKA became the sole owner of the company and consequently renamed it as ENKA TC. In line with concentrating on rental as the main line of business, it has been decided to transfer the hypermarkets operated at the Moscow and St. Petersburg shopping centers to Auchan by renting them. Upon completion of this operation the rentable space of ENKA TC increased from 167.000 square meters to 227.000 square meters.
Shopping malls owned by ENKA TC and which were operated under the “Ramstore” brand name started to be operated under the “Kapitoliy” brand name in 2009. Also, the supermarket brand name “Ramstore” was renamed as “Citystore” starting from January 2010.
According to the decision to concentrate on rental income only, selling off the retail assets of ENKA TC to OOO BILLA and OOO BILLA REALTY is realized in April, 2012. The rent income has been realized as 130 million USD in 2012. Two of the most significant shopping mall developments of ENKATC won the “Best Shopping Center” awards of the Commercial Real Estate Committee in Russia. Kapitoliy Shopping Mall in St. Petersburg was honored with the “Best Shopping Center of St. Petersburg” award in 2006, and Kapitoliy-Vernadskovo Shopping Mall in Moscow received the “Best Large-Scale Shopping Mall of Moscow” award of CRE in 2007. Besides, Kapitoliy-Sevastopolsky Shopping Mall in Moscow has been awarded by the Moscow Municipality as “The Most Convenient Shopping Center in the South-West Administrative District of Moscow”.
In January 2015 the multifunctional complex Kuntsevo Plaza was opened with a total area of 235 thousand sq. m. in the west part of Moscow.
This facility includes a new-generation shopping and entertainment center with an area of 64 thousand sq. m. This is a unique architecture and concept space, ideal for work, leisure, sports, comfortable shopping and entertainment.
In May 2018 the Kashirskaya Plaza shopping and entertainment center was opened in the south part of Moscow with a total area of 195,500 thousand sq. m. and a gross leasing area of 71 thousand sq. m.
The Kashirskaya Plaza was built on the site of the shopping center "Kapitoliy" Kashirsky, built by the company "ENKA TC" in 1999. Despite the general demand and commercial success of this project, the company decided to demolish the existing facility and build a new modern complex.
It was the updated format of the project that allowed the new shopping and entertainment center to become the main point of attraction of the city district, meeting not only the highest quality standards, but also the most diverse demands of city residents, including cultural and leisure components.
A special feature of the project is a podium roof with a recreation and sports areas, which houses a swimming pool, tennis and basketball courts, an IMAX multiplex cinema with the largest screen in Europe, restaurant verandas and an ice rink.