Park Bulvar
Park Bulvar is a 17,000 sqm shopping and entertainment center in central Baku, Azerbaijan, housing 50+ retail stores, 14 restaurants, 6 cinema halls, and the Tusi-Bohm Planetarium (the only planetarium in the South Caucasus), serving Baku consumers and visitors through retail leasing, ticket sales, and community events.
- Company typePrivate
- Founded2010
- HeadquartersBaku, Azerbaijan
- Headcount5,001–10,000
- GTM typeB2C
- OfferingServices
What Park Bulvar does
Park Bulvar is a privately held shopping and entertainment center located on the National Park-Bulvard waterfront in central Baku, adjacent to the Sahil metro station. Opened in 2010, the property operates 17,000 square meters of retail and leisure space housing more than 50 stores across 15+ categories — including women's clothing (17 stores), men's clothing (15), restaurants (14), perfumery and cosmetics, electronics, accessories, gifts, watches, sports, children's wear, home goods, and a supermarket — alongside a pharmacy and on-site banking counter. The mall operates daily from 10:00 to 22:00 and offers 550 underground parking spaces.
The property's entertainment infrastructure is anchored by two differentiated assets: Park Cinema, a 6-hall cinema complex hosting local premieres and festivals, and the Tusi-Bohm Planetarium, located on the 4th floor and recognized as the only planetarium in the South Caucasus. The planetarium runs astronomy shows, telescope observation nights, and hosts the Azerbaijan Astronomy Olympiad, and was featured as a top-5 Azerbaijan attraction by the International Astronautical Congress. The mall supports a multilingual (AZ/EN/RU) website and runs recurring community programming including charity fairs, summer concerts, and educational partnerships.
Park Bulvar generates revenue primarily through retail space rental (lease income from 50+ tenants), ticket sales at Park Cinema and the Tusi-Bohm Planetarium (e.g., 4 AZN standalone and a 5.90 AZN combo ticket in summer 2025), restaurant leases, supermarket operations, and event-driven promotional income through partnerships with Visa, Yelo Bank, and brand sponsors. GTM is direct-to-consumer physical retail, with foot traffic generated by the central location, anchor tenants, entertainment facilities, and a calendar of cultural and community events. Park Bulvar received the Khazar National Award in 2019, and ownership and revenue figures are not publicly disclosed.
Park Bulvar firmographics
Firmographics- Name
- Park Bulvar
- Legal name
- Park Bulvar
- Website
- https://parkbulvar.az
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Park Bulvar is a 17,000 sqm shopping and entertainment center in central Baku, Azerbaijan, housing 50+ retail stores, 14 restaurants, 6 cinema halls, and the Tusi-Bohm Planetarium (the only planetarium in the South Caucasus), serving Baku consumers and visitors through retail leasing, ticket sales, and community events.
- Ownership category
- akta.pro rank
Park Bulvar industry classification
Industry- Product category
- Shopping Mall / Retail Center
- NAICS
- Amusement Parks and Arcades (7131), Amusement and Theme Parks (71311), Museums, Historical Sites, and Similar Institutions (7121), Museums (71211), Arts, Entertainment, and Recreation (71)
- SIC
- Services-Amusement & Recreation Services (7900), Services-Motion Picture Theaters (7830), Retail-Eating & Drinking Places (5810), Retail-Misc General Merchandise Stores (5399)
- akta.pro primary industry
- Educational & Edutainment Parks (Science/Discovery/Children’s Parks) (THAJAEAG)
- akta.pro secondary industries
- Fairgrounds & Expo Parks (THAHAAAH), Museum, Zoo & Attraction Gift Shops (CRALAJAG)
Keywords
Where Park Bulvar is headquartered
LocationHeadquarters
- HQ city
- Baku
- HQ country
- Azerbaijan
- HQ region
- Asia
Offices1 record
Markets served
Park Bulvar business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Marketing or Sales, Supply Chain
Revenue model
- Retail Space Rental: Park Bulvar generates revenue by leasing retail space to tenant brands and stores. The mall has various store categories including clothing, electronics, restaurants, and services.
- Cinema and Entertainment: Revenue from Park Cinema (6 large-screen cinema halls) and Tusi-Bohm Planetarium ticket sales.
- Food Court and Restaurant Leases: 14 restaurants and food court operators lease space within the mall.
- Supermarket Operations: On-site supermarket serving mall visitors.
- Event-Driven Promotions and Advertising: Revenue from promotional events, lottery programs, and brand partnerships. Visa lottery promotions and sponsored concerts generate additional income.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Planetarium admission |
| Unit Pricing | Pay-as-you-go | Planetarium + Food combo |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Park Bulvar product offering
Product offeringCore offering
Park Bulvar is a 17,000 sqm shopping and entertainment center (AVM/mall) in central Baku, Azerbaijan, leasing retail space to 50+ tenant stores across 15+ categories (women's clothing, men's clothing, children's clothing, electronics, perfumery, restaurants, sports, watches, accessories, gifts, home goods, supermarket, pharmacy, banking). It also directly operates entertainment facilities including the Tusi-Bohm Planetarium (the only planetarium in the South Caucasus) and Park Cinema (6 large-screen cinema halls), and hosts cultural events, charity fairs, concerts, and educational programs.
Product overview
Park Bulvar AVM is a shopping mall and entertainment center offering a unified retail and leisure experience in Baku's National Park/Bulvar area. The core offering comprises 17,000 square meters of retail space housing multiple product categories (women's clothing, men's clothing, children's clothing, perfumery and cosmetics, electronics, home goods, sports products, watches and jewelry, accessories, gifts, and more) alongside entertainment facilities including Tusi-Bohm Planetarium and Park Cinema with 6 large screens. Supporting services include restaurants, a food court, supermarket, pharmacy, banking services, and underground parking for 550 vehicles. The mall operates from 10:00 to 22:00 daily.
Differentiator
Problem solved
Functional benefit
Brands
- Tusi-Bohm Planetarium: The only planetarium in the South Caucasus, located on the 4th floor of Park Bulvar Mall, offering astronomy shows and educational programs.
- Park Cinema
Products and services
- Park Bulvar AVM (Shopping Mall) 17,000 sqm physical shopping and entertainment center in central Baku housing 50+ stores across 15+ categories, restaurants, entertainment facilities, and 550-space underground parking, operating 10:00–22:00 daily for consumers and visitors.
- Tusi-Bohm Planetarium Planetarium on the 4th floor of Park Bulvar Mall offering astronomy-themed shows, educational films, telescope observation nights, and astronomy olympiad preparation programs for children, adults, and schools. Ticketed at 4 AZN per person (summer 2025 promotional rate).
- Park Cinema 6 large-screen cinema halls within Park Bulvar Mall offering film screenings including Azerbaijani film premieres and special festival programming for consumers.
- Restaurants and Food Court Food and beverage establishments featuring 14 restaurants and food court operators serving mall visitors; includes promotional combo offerings with park attractions.
- Parking Facility Basement-level parking facility providing 550 vehicle spaces supporting mall visitors and shoppers at the central Baku location.
- Supermarket Operations Grocery and supermarket services operated within the mall premises for visitors' convenience shopping needs.
Quantifiable outcome
- Hosts Azerbaijan Astronomy Olympiad (V edition 2025)
- +1 more outcomes
Companies that use Park Bulvar
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
Park Bulvar technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Park Bulvar partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core and minor.
- Tusi-Bohm PlanetariumcoreThe Tusi-Bohm Planetarium is housed within Park Bulvar Mall and is the only planetarium in the South Caucasus. It hosts astronomy education programs, film screenings, and is used for Azerbaijan Astronomy Olympiad events.
- VisaminorVisa partnered with Park Bulvar to organize lottery promotions where shoppers had chances to win cars, driving foot traffic and card usage.
- Yelo BankminorYelo Bank ran shopping festivals at Park Bulvar to promote their banking products and drive customer engagement.
- Education Development Foundation (Təhsilin İnkişafı Fondu)corePartnership agreement signed in January 2025 for educational programs and initiatives. Park Bulvar supports educational events and programs.
- Amateur Astronomers Society (Həvəskar Astronomlar Cəmiyyəti)coreCollaborates with Park Bulvar and Tusi-Bohm Planetarium for astronomy education initiatives, observation nights, and olympiad preparation programs.
- Bakı Dövlət Universiteti (Baku State University)coreBDU's Astrophysics Department partners with Park Bulvar for astronomy events, including the International Astronomy and Astrophysics Olympiad selection exams.
- Shamakhi Astrophysical ObservatorycorePartners with Park Bulvar for astronomy education programs and summer camps. Contributes experts for observation events at the planetarium.
- Leykemiya ilə Mübarizə İctimai Birliyi (Fighting Leukemia Public Union)minorRegular charity fairs organized at Park Bulvar to support leukemia patients and their families.
- GÜLSAM - Əlillərin Reabilitasiyası İctimai BirliyiminorPark Bulvar provides space for GÜLSAM charity exhibitions and sales of handicrafts made by people with disabilities.
- Şəhid Analarına Dəstək İctimai BirliyiminorCharity fairs and support programs for martyr families organized at Park Bulvar.
- Respublika QİÇS-lə Mübarizə MərkəziminorMobile health screening and awareness programs conducted at Park Bulvar.
- AADA (Azərbaycan Avtomobil Dilerləri Assosiasiyası)minorOrganized 'Green Country' electric vehicle exhibition at Park Bulvar.
- Park Cinemacore6-screen cinema complex within Park Bulvar showing Azerbaijani and international films, including premieres and European Film Festival.
- Berqa TeaminorSponsored summer concert series at Park Bulvar front area featuring Azerbaijani pop artists.
- Springer NatureminorFundamental Astronomy book translated to Azerbaijani was presented at Tusi-Bohm Planetarium in Park Bulvar, December 2024.
Scale indicators6 records
Recent moves6 records
Expansion highlights4 records
Park Bulvar competitors and assessment
Company assessmentBroad incumbents
- Istinye Park: Premium shopping mall in Istanbul combining retail, dining, and entertainment. Comparable in mid-to-upper-market retail positioning and integrated entertainment offering.
- Zorlu Center: Large multi-use complex in Istanbul combining retail, entertainment, performing arts, and dining. Comparable in integrated retail + entertainment positioning, though at a much larger scale.
- Mall of Istanbul: One of the largest shopping malls in the region, located in Istanbul. Comparable in retail + entertainment integration, but operates at significantly larger scale and serves a broader regional market.
Direct peers
- Deniz Mall: Shopping mall in Baku offering retail, dining, and entertainment in a similar mid-size format. Closest geographic and category competitor to Park Bulvar in the Azerbaijani capital.
- Ganjlik Mall: Major shopping mall in Baku, Azerbaijan, operating as a multi-category retail and entertainment destination. Directly comparable to Park Bulvar in terms of city, format, tenant mix, and consumer base.
- Hayat Mall: Shopping mall in Baku offering retail, dining, and entertainment. Comparable in format and target market to Park Bulvar.
- 28 Mall: Baku shopping mall with retail and F&B tenants. Competes for the same central-Baku consumer base with overlapping tenant categories.
- AF Mall: Azerbaijani shopping mall with multi-category retail and entertainment offerings. Similar positioning and consumer overlap with Park Bulvar.
Emerging players
- Crescent Development Project: Large-scale mixed-use development project in Baku with retail and entertainment components. An emerging competitor that could shift share if completed at scale.
Others
- Moscow Planetarium: Established planetarium in the CIS region with educational programming and ticketed shows. Comparable to Park Bulvar's Tusi-Bohm Planetarium in format and audience, useful as a benchmark for the planetarium sub-segment.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Park Bulvar social profiles
Digital presencePark Bulvar financial estimates
Financial estimateRevenue estimate
Valuation estimate
Park Bulvar leadership team
Management profileNumber of profiles
Park Bulvar funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Park Bulvar M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Park Bulvar
What does Park Bulvar do?
Park Bulvar is a 17,000 sqm shopping and entertainment center (AVM/mall) in central Baku, Azerbaijan, leasing retail space to 50+ tenant stores across 15+ categories (women's clothing, men's clothing, children's clothing, electronics, perfumery, restaurants, sports, watches, accessories, gifts, home goods, supermarket, pharmacy, banking). It also directly operates entertainment facilities including the Tusi-Bohm Planetarium (the only planetarium in the South Caucasus) and Park Cinema (6 large-screen cinema halls), and hosts cultural events, charity fairs, concerts, and educational programs.
Is Park Bulvar a public or private company?
Park Bulvar is a private company. It is classified as unknown and is currently operating.
When was Park Bulvar founded?
Park Bulvar was founded in 2010. It employs 5,001 to 10,000 people.
Where is Park Bulvar based?
Park Bulvar is headquartered in Baku, Azerbaijan, in the Asia region.
How does Park Bulvar make money?
Five revenue lines are on record. Retail Space Rental is the primary driver. The others are cinema and Entertainment, food Court and Restaurant Leases, supermarket Operations and event-Driven Promotions and Advertising.
Who are Park Bulvar's main competitors?
Broad incumbents on record are Istinye Park, Zorlu Center and Mall of Istanbul. Direct peers are Deniz Mall, Ganjlik Mall, Hayat Mall, 28 Mall and AF Mall. Crescent Development Project is listed as an emerging player. Moscow Planetarium is listed as an others.
Does Park Bulvar have an API?
No public API is recorded for Park Bulvar.
What industry is Park Bulvar in?
Park Bulvar's product category is Shopping Mall / Retail Center. Its primary akta.pro industry code is THAJAEAG, Educational & Edutainment Parks (Science/Discovery/Children’s Parks), with a secondary code of THAHAAAH, Fairgrounds & Expo Parks. Its NAICS code is 7131 and its SIC code is 7900.