Arricano Group in Ukraine (hereinafter referred to as Arricano), a leading developer of four shopping malls (Prospekt shopping mall, RayON shopping center, Sun Gallery shopping mall, City Mall), paid UAH 205.9 million in taxes to the state budget of all levels, transferred more than UAH 4.2 million to help the Ukrainian Defense Forces and charity, the group’s press service reports.
“Despite the pressure on the Arricano Group and its employees from the law enforcement agencies of Ukraine in 2024, as well as the consequences of the armed aggression of the Russian Federation, we continued to work effectively. It was important for the group of companies not only to ensure the stable operation of all shopping malls, but also to perform social functions and develop wherever possible,” said Anna Chubotina, CEO of Arricano Real Estate LLC, quoted in a press release.
It is noted that the group also invested UAH 66.7 million in the restoration of the Sun Gallery shopping center, which was damaged by a missile strike on the city in January 2024.
“It was very important for us to restore the Sun Gallery shopping mall after the damage and resume its full operation as soon as possible, as we understood the significant social function of this facility and the importance of our efficiency for our tenant partners,” Chubotina emphasized.
Arricano has strengthened the tenant mix of “Sun Gallery” shopping mall in Kryvyi Rih and CITY MALL in Zaporizhzhia with the market leader in FMCG – Silpo supermarket, and attracted new domestic and international operators, including Sinsay, Diverse, Broxci, etc. In total, in 2024, 35 new stores and establishments were opened in the mall with a total area of almost 23.3 thousand square meters.
At the end of 2024, the average vacancy rate in Arricano shopping malls was less than 5%, in some facilities, in particular, in Prospekt shopping mall – 0%.
At the end of the year, all the group’s shopping malls welcomed more than 21 million visitors, compared to 23 million in 2023.
Arricano Real Estate Plc specializes in the construction of shopping malls and is one of the leading developers in the Ukrainian real estate market. Through its Ukrainian subsidiaries, the company owns and manages four shopping centers with a total area of 147.6 thousand square meters: “RayON and Prospekt in Kyiv, Sun Gallery in Kryvyi Rih, and City Mall in Zaporizhzhia. The company also owns 49.9% in Sky Mall (Kyiv) and land plots for further construction of three projects that are currently under design. The company is also engaged in the construction of the Lukianivka shopping center in Kyiv.
