We create spaces for opportunities

For over 20 years, UD Group has been developing urban infrastructure, creating spaces for our partners to grow their businesses.

20+ years

in commercial
real estate

400,000 sq m

overall management
experience (GBA)

20 million

shopping center visitors
per year

+200

jobs

3000

we provide
jobs for

+20

completed projects

+400

tenants

We create spaces that drive commercial growth and provide everyday comfort for everyone.

We create spaces for our partners’ businesses and modern destinations for city residents. We deliver concept projects and keep them relevant and effective.

About the company

Our partners

For investors

We deliver investment-attractive development projects together with our partners.

We increase the profitability of commercial real estate through effective management.

We identify investment opportunities that fit our partners’ objectives.

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For business

We create spaces where our tenants can run successful businesses.

We provide property management and operations for owners.

We select properties for clients to purchase or lease.

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For developers

We increase the value of commercial real estate by developing product concepts.

We provide reliable brokerage and integrated property management services.

We also provide a full range of design services.

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Your trusted partner in commercial real estate

A reliable developer
For many years, we have successfully delivered large-scale commercial real estate projects.
An integrated approach
We provide the full cycle of commercial real estate development and management.
Landmark properties
We create modern, sought-after shopping centers in the region.
Sound investments
We offer reliable solutions for steady capital growth.
Urban environment
We shape comfortable, modern infrastructure for city residents.

A team of professionals

Ildar Kagirov
Development Director
Valentina Sakhabeyeva
Commercial Director
Maria Pyzhyanova
Deputy General Director
Alexey Menzhelevsky
Deputy General Director
— Finance Director
Vitaly Kolegov
UD Group Director

PhD in Economics
member of the CFA Institute since 2011
MBA, IESE Business School

With the company since 2019, he has consistently contributed to the development of key business areas, more efficient processes, and growth in the company’s core financial and operating metrics.

His professional background includes more than 20 years in consulting, financial institutions and Russian and international hedge funds. Over the years, he has worked on business development, corporate strategy, asset valuation, and transformation projects for regional and federal government bodies.

Ildar Kagirov
Development Director

In real estate since 2013 and with UD Group since 2017. Executive MBA, Higher School of Economics. International CIMA certification in Business Performance Management. Graduate of the Practicum programme at the Moscow School of Management SKOLKOVO.

He has worked in commercial banks and development companies and specialises in the analysis, structuring and financing of investment projects. He has led key UD Group projects, including the business center on N. Ershov St., UDACHA Retail Park, UNO multifunctional complex and ART Center.

Valentina Sakhabeyeva
Commercial Director

In commercial real estate since 2002 and with UD Group since 2014.

She has over 20 years of management experience in development and retail projects. She contributed to the expansion of X5 Retail Group in Tatarstan, Bashkortostan, Udmurtia and Mari El, opening 264 stores. She led the integration of the Paterson and Narodny retail chains and delivered the construction and opening of Tandem, GorkiPark and KazanMall shopping centers, with a combined area of more than 245,000 sq m.

Maria Pyzhyanova
Deputy General Director for Organisational Development

Certified CHRO.
In HR since 2005.

Since 2005, she has developed people-management systems, organisational effectiveness and corporate culture at major national companies. Her experience includes leading teams of more than 4,000 employees, managing HR budgets exceeding RUB 1 billion, delivering M&A projects and integrating teams. She served for three years as Executive Director of a national retail chain. She is an expert in the enterprise productivity programme at the Russian Foreign Trade Academy, mentors industrial-company teams, and teaches Talent Management and Human Resource Management.

Alexey Menzhelevsky
Deputy Director for Finance, UD Group

More than 18 years in economics and finance.
MBA in Production and Operations Management. Graduated from Vyatka State University with a degree in Economics and Enterprise Management.

He specialises in building and developing budgeting management systems, automating management accounting and improving financial processes. His experience includes creating budgeting systems from scratch, formalising business processes, standardising management reporting, designing KPIs and introducing data-analysis tools.

Our working methodology

We do more than build square metres: we create balanced ecosystems for business, investment and life. UD Group’s methodology covers the entire project life cycle, from in-depth analysis and idea development to effective commercial management of the completed property.

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Site analysis and concept

We conduct an in-depth location audit, assess urban-development potential and create a unique functional concept for the future property to maximise the site’s investment appeal.

Financial modelling

We model the economics of the future property in detail, assess profitability, attract investment and develop a transparent strategy to deliver high returns and minimise risk.

Design and delivery

We deliver the full development cycle: from architectural design and permitting to high-quality construction and commissioning.

Commercialisation and management

We attract reliable tenants, launch marketing campaigns and provide professional integrated management to sustain high footfall and steady growth in the property’s value.

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