The share of vacant space on the shopping centers market in Kyiv in January-March 2019 fell by 0.2 percentage points, to 2.8%, according to a study of CBRE Ukraine (Kyiv). “Despite the commissioning of new facilities, the average vacancy rate decreased by 0.2 percentage points from the beginning of the year and amounted to 2.8% of vacant premises,” the company said in the study.
According to the company, in January-March this year, rents for the best retail premises increased 7-16% and ranged from $80-110 per sq. m. a month. At the same time for other retail premises, the rates remained unchanged, at around $42-60 per sq. m. a month.
The volume of retail turnover in Kyiv in January-February 2019 (the latest available data) increased 6.9%, with a slowdown in consumer price index growth from 8.8% in February to 8.6% in March.
During this period new brands entered the retail real estate market, including Decathlon in Retail Park Petrivka, Claudie Pierlot and Weill in the shopping center Gulliver and Missha in the shopping center Lavina Mall. A new supply of shopping centers was presented by the Oasis shopping center and the Smart Plaza Obolon shopping center, which led to an increase in the total supply by 2.1%, to 1.13 million sq.m.
Ukraine at the Ukraine Reform Conference in Canada (Toronto) in July 2019 plans to present a government investment project on construction of an ice arena in Kyiv for UAH 1.68 billion, the Ministry of Economic Development and Trade of Ukraine has reported. The proposal was announced by First Deputy Prime Minister, Minister of Economic Development and Trade Stepan Kubiv at the meeting of the interdepartmental commission on the issues of the investment projects headed by him held at the end of April.
The commission supported his initiative to provide the first budget financing of the project now, rather than in July, as planned, in order to begin developing project documentation and have time to prepare a project presentation for the conference in Toronto.
According to the minutes of the meeting of the commission, the funding for this project from the national budget has not yet been provided.
The executor of the project is the state-owned enterprise central training sport base Ice Stadium. Its implementation is scheduled for 2019-2021, and in 2019, it is planned to allocate UAH 5 million.
Sergiy Tigipko’s TAS group of companies has bought part of the Arena City retail and office center at 1-3/2a Baseina Street in Kyiv. According to the NV Business edition, with reference to several sources, the group of Tigipko acquired the center with an area of 14,000 square meters for $13-15 million. The deal did not include several premises on the ground floor that were previously sold.
According to the source, Dmytro Firtash’ Group D, which owned the asset, put it up for sale in 2018 at the initial price of about $20 million.
According to Olha Nasonova, the director general of Restaurant Consulting company, rental rates for offices in Arena City can reach $25-30 per square meter, for food courts from $50 per square meter.
TAS Group was founded in 1998. It has assets in financial and industrial sectors, agriculture, real estate, pharmaceuticals, and venture projects.
The founder of Mandarin Plaza company, investor and developer in Lavina, Blockbuster, Ocean Mall and other shopping centers, Vagif Aliyev, has said that he plans to acquire Ocean Plaza mall by autumn 2019.
“We are still negotiating. I think we will buy first phase of Ocean Plaza by the autumn… and connect with Ocean Mall shopping center. Therefore, please, those [shops] which are located in Ocean Plaza, please consider Blockbuster and Lavina, because I think I will buy it by the autumn. I will not leave any brand there [in Ocean Plaza shopping center], no matter what it is. I think all contracts will be terminated because we are moving systematically, and with this system we will go across Ukraine,” the businessman said during a closed-up tour for retailers at the Blockbuster Mall shopping center.
According to him, the opening of the first phase of the Blockbuster shopping center is scheduled for May 31, the launch of the second phase is planned for the autumn.
As reported, in February 2019, Board Chairman of Mandarin Plaza, developing the chain of shopping and entertainment centers Lavina, Blockbuster, Ocean Mall and others, Oleksandr Chernitsky told Interfax-Ukraine that the company is holding talks with TPS Real Estate on the acquisition of the Ocean Plaza mall.
Lithuanian Foreign Minister Linas Linkevicius, who arrived in Kyiv on a visit, met with President-elect of Ukraine Volodymyr Zelensky. “Held very good meeting with Ukraine’s President-elect V. Zelensky in Kyiv: congratulated on his land sliding victory in Presidential elections, reaffirmed Lithuania’s continuous steadfast support to Ukraine’s sovereignty, territorial integrity, reforms, European & Euro-Atlantic integration,” he wrote on Twitter. He also published a joint photo with Zelensky in the social network.
As reported, Minister of Foreign Affairs of the Republic of Lithuania Linas Linkevicius is on a working visit to Ukraine on April 25-26. The purpose of his visit to Kyiv is to deepen bilateral cooperation in the framework of the Ukrainian-Lithuanian strategic partnership.
Sergiy Tigipko’s TAS group of companies has bought part of the Arena City retail and office center at 1-3/2a Baseina Street in Kyiv.
According to the NV Business edition, with reference to several sources, the group of Tigipko acquired the center with an area of 14,000 square meters for $13-15 million. The deal did not include several premises on the ground floor that were previously sold.
According to the source, Dmytro Firtash’ Group D, which owned the asset, put it up for sale in 2018 at the initial price of about $20 million.
According to Olha Nasonova, the director general of Restaurant Consulting company, rental rates for offices in Arena City can reach $25-30 per square meter, for food courts from $50 per square meter.
TAS Group was founded in 1998. It has assets in financial and industrial sectors, agriculture, real estate, pharmaceuticals, and venture projects.
