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Gostiny Dvor Offered Glass Cupola

An important aspect of the new project is the increase of economic activity, profitability and earning power.

Published: December 11, 2013 (Issue # 1790)



  • Despite its historic and geographic significance, Gostiny Dvor is losing out to competition in the retail sector.
    Photo: Florstein / wikimedia commons

Fort Group, a commercial property developer and now a ten percent shareholder in Nevsky Prospekts Gostiny Dvor, has offered to renovate the historic shopping center by turning the interior courtyard into a retail gallery covered by a glass cupola.

On Dec. 4, the project was announced to the board of directors of the joint stock company BGD (Great Gostiny Dvor) but Fort Group representatives did not attend the meeting, reported Fontanka.

Nevertheless, the board of directors approved the changes in the development of Gostiny Dvor as well as the partial opening of Yelena Obraztsovas International Academy of Music there next year. The academy is due to be fully operational by 2015.

The renovation has been a topic of discussion since 2005, when a proposed reconstruction was turned down. It is now believed that renovations are necessary at the St. Petersburg landmark.

Gostiny Dvor, located in the heart of the city, has often been compared to the Galeries Lafayette in Paris or Harrods in London.

Built in the 18th century by architectJean-Baptiste Vallin de la Mothe, it is St. Petersburgs oldest shopping center and also one of the oldest shopping arcades in the world. The appearance of various shopping malls and complexes throughout the city however has seen the complex start to lose its former grandeur.

According to our evaluation, Gostiny Dvor is no longer efficient and does not correspond to the demands of the time. It has the best location in the city and it is part of St. Petersburgs attraction to tourists, said Anna Nikandrova, head of the Retail Real Estate Department at Colliers International, St. Petersburg.

Its location in the citys main retail and entertainment district, and its metro station are the main advantages of the building, according to Knight Frank St. Petersburg.

Gostiny Dvor is a unique building occupying a large area in the city center but, at the same time, only its perimeter is used for retail. The retail concept of the existing building is rather uncertain it consists of several small, independent parts, said Igor Kokorev, the Deputy Head of the Strategic Consulting Department at Knight Frank, St. Petersburg, speaking to The St. Petersburg Times.

We are sure that Gostiny Dvor will become relevant again from both a commercial and social point of view after its reconstruction, said Nikandrova.

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Thursday, Apr. 24


Learn more about Denmark during the Danish Business Delegations visit to SPIBA this evening starting at 5:30 p.m. at the Danish Culture Institute. Danish Consul general Klaus Sorensen will be in attendance and the buffet following a presentation on Danish companies in Russia will be the perfect opportunity to network with the assembled businessmen.


AmChams Human Resources Committee Meeting is scheduled for 9 a.m. this morning in their St. Petersburg office. Check their website for more details.



Friday, Apr. 25


Light Music presents the main events for their Cultural Kitchen project at Loft-Project Etagi today. A B2B event that focuses on Finnish food, arts, travel, music and design, the evening will conclude with a dinner by chef Jyrki Tsutsunen and dancing to music by Aino Venna. The event, which began yesterday with presentations by tourism and cultural institutions, concludes today with a preview of Finlands Flow festival and other musical events. Invitations are available from www.culturalkitchen.fi.



Saturday, Apr. 26


At 6 p.m. this evening, stylist Liliana Modigliani offers 50 simple ways to up your style quotient with beauty tips at the Galeria shopping center on Ligovsky Prospekt. The event is part of the final day of the shopping malls Fashion Saturday sales event, this week focusing on top brands located on the ground floor as well as presentation from fashion experts on sprucing up your spring look.



Sunday, Apr. 27


Families shouldnt miss Childhood Planet 2014, the trade fair that started yesterday and concludes today at LenExpo. Not only will goods and services be provided for children and families but the event hopes to promote Russian brands and eco-friendly products using the latest technology available in the childcare industry.



Monday, Apr. 28


The Hotel Indigo will be the site of SPIBAs Acting Skills for HR and Other Managers master class this morning starting at 9 a.m. The event will begin with coffee before moving on to the class itself and conclude with a tour of the recently opened hotel. Confirm attendance by Apr. 24.



Tuesday, Apr. 29


Improve your English at the British Book Centers Interactive English Lesson tonight at 6 p.m. Students at pre-intermediate and intermediate levels are welcome discuss topics that are selected to help learners master the more difficult aspects of English grammar and vocabulary.