Business news from Ukraine

New shopping center will appear in Odessa this year

3 May , 2024  

Itown Mall will appear in Odessa as part of the ITown Residential Complex (Sofievskaya Street, 1a), scheduled to open in the fourth quarter of 2024, the press service of the Ukrainian Trade Guild (UTG) told the Interfax-Ukraine agency, which is the developer of the concept and exclusive broker of the shopping center.

According to the press release, ITown Mall has three ground floors and two underground floors. GBA The total floor area (GBA) is 20,962 square meters and the leasable area (GLA) is 15 thousand square meters. The minus second floor will house home goods stores and a sports complex, the minus first floor will house a supermarket, the upper floors will house clothing and footwear department stores and technology stores.

The project of ITown business class residential complex is realized by “Prostir” group of companies. The residential complex includes five 9-25 storey residential buildings with a total of 378 apartments. According to the developer’s concept, in addition to housing and shopping center, the complex will also include class A offices, a university, scientific laboratories, an apart-hotel, a co-working space with a swimming pool on the roof, a cinema, a museum, etc. The project will be located in the center of the complex. Residential section E will be commissioned in 2023, and two more sections are scheduled for commissioning in 2024. UTG was established in 2001. It has developed more than 1300 real estate concepts. Over the years, the company has leased out 4.7 million square meters of commercial space in Ukraine.

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