Business news from Ukraine

KYIV’S NEW WAY MALL OWNER TO BUILD NEW MALL BY Q3 2019

Budecoservice LLC (Kyiv), the owner of the New Way shopping center located at 1, Verbytskoho Street in Kyiv plans to build a new shopping mall in the Troyeschyna district on the site where the Sirius shopping center at 21, Draisera Street is located now before the third quarter of 2019. An Interfax-Ukraine correspondent has reported that the project of the New Ray shopping center is presented at the Retail&Development Business Expo 2018 held in Kyiv on March 29 through March 30.
According to the project gross building area (GBA) will be 41,500 square meters, and gross lettable area (GLA) will be 34,500 square meters. The center will have five levels, including a cinema with six screens, an entertainment zone and a supermarket. The company told Interfax-Ukraine that soon the reconstruction of the building of the Sirius shopping center will start.
The new shopping center will have a parking area for 500 cars. The company is holding talks with potential leasers of the New Ray center.

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