Business news from Ukraine

72% OF SHOPPING CENTERS REOPENED IN UKRAINE

28 June , 2022  

227 out of 320 shopping centers in Ukraine have resumed their work, the press service of the Ukrainian Council of Shopping Centers (USTC) told Interfax-Ukraine.
According to a study by the USTTS conducted in early June, in general, work has been resumed on 4.12 million square meters of leased space. m, which is 72% of all retail space, including shopping centers located in the temporarily occupied territory.
14% of retail space (804,000 sq. m.) remains idle, a significant part of which is damaged. At the same time, some damaged shopping centers have already partially or completely resumed work, for example, Lavina Mall (Kyiv), Retail Park (Kyiv region), Nikolsky (Kharkiv) and others.
According to the USTTS, the largest part of non-working shopping centers is recorded in the east of the country. Here, only 12% of retail space receives visitors, 42% do not work and 46% are located in the occupied territory.
Less than half of the retail space operates in the south (45%). In the capital, 11% of retail space in the shopping center remains closed. Almost all shopping centers operate in the north, west and center of Ukraine.
Established in 2020, the USTC is a non-profit organization that unites key participants in the retail real estate market: owners and developers of shopping centers, as well as companies involved in the construction and maintenance of shopping malls.