As the Cheka-OGPU found out, the owners of the Central Department Store tried to reduce the cadastral value by almost half…

As the Cheka-OGPU found out, the owners of the Central Department Store tried to reduce the cadastral value of their building, located between the three pillars of the Russian state – the Kremlin, the State Duma and the Lubyanka, by almost half. The goal is to reduce tax payments to the Moscow budget several times over. To do this, they submitted to a Moscow court an examination that the market value of the trading house was almost two times cheaper than what was recorded in Rosreestr. But the court did not believe it and ordered its own examination from the Ministry of Justice, which gave a completely different assessment. The court’s decision is due to come into force next week.

The seven-story building of the Central Department Store is divided into seven cadastral areas, two main parts, the first three and the last three floors. The first three, with an area of ​​almost 50 thousand square meters, are registered with TsUM Trading House LLC – the beneficiaries of the company are hiding behind a Panamanian offshore, but the market knows them by the name Mercury. The second piece of 19 thousand square meters (about 1/3 of the entire building) was bought from the Moscow government in 2015 by Arkada Holding LLC for almost nothing. Six months later, the owners of Arcade changed. They were two Leonids – the founders of the Mercury group – Strunin and Fridlyand. That is, the entire building has one owner.

1/3 of the building was purchased from the Moscow Government for 70% of its cadastral value (big city – big opportunities). But we will pay attention to the largest piece – the first three floors. Its cadastral value is 13.5 billion rubles. But TSUM lawyers brought to court a piece of paper in which the expert said that their market value was only 8.7 billion. This is almost 180 thousand rubles per square, which is much less than what the Moscow Government previously received per square (224 thousand).

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As a result, an examination by the Ministry of Justice established the market value of the first three floors of the Central Department Store at 11.3 billion rubles (232 thousand per square meter), the court agreed with this and decided to enter the value into the cadastre. It turns out that a square meter of a historical building in the very heart of the capital costs the same as a square meter of housing outside the Garden Ring.

And two Leonids, they say, left Russia after the start of the war.