• Patron has entered into a joint venture with Barings Vostok Capital Partners, BV Retail, to acquire and develop hyper market-anchored shopping centers in important regional cities of a population below 1 million in Russia.


  • Strategy Includes:

    • Leverage the partners and management team (which includes the partners of Barings Vostok Capital Partners, the leading private equity firm in Russia, Stiles and Riaboloyko, the founding and existing partners of Cushman and Wakefield Russia, Daniel Bernard, the former Chairman and CEO of Carrefour S.A., and strong management team


    • Capitalise on the lack of quality retail shopping centers in the regional cities of Russia, combined with the rapidly rising consumer spending in such cities and growing middle class populace