S1 REIT, an investment company specializing in raising retail investment capital under the REIT model, has released a list of tenants at the property, which is an asset of the “S1 Plaza Poznyaki” fund.
As the company told the Interfax-Ukraine news agency, preliminary letters of intent have already been signed with the Domino’s pizza chain, the restaurant chains “Puzata Khata,” Tbiliso, and “Mama Manana,” the grocery chains Roshen, Lviv Croissants and “Bo Khlib,” the AstraDent dental clinic chain, and the Coffee Lover café.
“S1 Plaza Poznyaki” is not just a new location on the map of Kyiv; it embodies Standard One’s quality standards, combined with the high demand from local residents. “We’re not building from scratch in a vacuum—we’re expanding a business that already has a solid reputation and stable financial performance,” notes Standard One co-owner Oleksandr Ovcharenko.
“S1 Plaza Poznyaki” is part of the “Plaza” network of neighborhood shopping centers, which currently comprises three operating locations: “S1 Plaza VDNH,” “S1 Plaza Svyatoshyn,” and “S1 Plaza Terminal.” All of these properties were built as neighborhood shopping centers in the most heavily trafficked locations directly adjacent to metro stations in Kyiv.
Standard One, the project’s developer, has begun construction on the network’s fourth location—S1 Plaza Poznyaki—on the left bank of the capital. The “S1 Plaza Poznyaki” fund’s assets will include commercial space in the shopping center near the “Poznyaki” metro station in Kyiv. The total area of the property is approximately 5,000 square meters, and the new fund’s issue size is 600 million UAH. The initial investment is 1,000 UAH, and the additional investment is just 100 UAH. The projected annual yield for “S1 Plaza Poznyaki” is 10.4% in currency terms. Dividend payments to investors will be made monthly, starting in June 2026.
According to S1 REIT CEO Igor Gifes, the future shopping center already has an occupancy rate of over 60%—2.5 years before its opening. “For our investors, this means only one thing: the property will be profitable even before the ribbon-cutting ceremony,” says Gifes.
S1 REIT is an investment company that is part of the S1 Group. The company operates under the Real Estate Investment Trust (REIT) model, providing investors with the opportunity to participate in the ownership and income generation of income-producing properties without directly managing the assets.
Three funds are available for investment: “S1 VDNH,” S1 Obolon, and “S1 Plaza Poznyaki.” The assets of these funds consist of income-generating real estate based on development projects by Standard One.
The opening of tenants’ space on the second floor of the Cherry Mall in Vyshneve, Kyiv region is scheduled for November 10, 2019.
“Today the second floor of the Cherry Mall is almost ready, most of the floor tenants are completing repairs. In particular, Budynok Іhrashok, Foxtrot, as well as a food court on the second floor, in particular, New York Street Pizza, Kryla, burger’s place and other fast food establishments. We set the task to open the second and second+ floors by November 10,” Technical Director of the shopping center Viktor Bleskin told Interfax-Ukraine.
He also said that Sport Life is actively carrying out repair work, which occupied the entire third floor, as well as the Linia Kino cinema chain and the Play & Jump children’s entertainment center on the fourth level.
“The official opening of the entire mall is tentatively planned for the middle of December. By this time, all tenants must complete repairs at their facilities,” Bleskin added.
According to CEO of Edelburg Development (the project developer) Serhiy Kucher, the development of megamalls today is an erroneous strategy.
“It is clear now that local facilities of 20,000-30,000 square meters will live much longer and grow faster,” he said.
As reported with reference to the project manager, partner of UTG (exclusive agent for the rental of retail space in the Cherry Mall), Artiom Neposedov, the first floor in the new Cherry Mall shopping center of 3,400 square meters was opened in September 2019.
