Business news from Ukraine

Business news from Ukraine

INVESTOR PLANS TO INVEST EUR2.9 BLN IN TRADE CENTERS IN UKRAINIAN CAPITAL

Vagif Aliyev, the founder of PrJSC Mandarin Plaza, the investor and developer of Kyiv-based Lavina shopping center, on November 20 launched the first stage of the Blokbuster Mall shopping and entertainment center in Bandery Avenue in Kyiv, investing $400 million in construction. According to an Interfax-Ukraine correspondent, only a Silpo supermarket has started working in the facility. The rest of the stores will be launched on a fan-based basis as they are ready, the founder of Nai Ukraine, the project broker, Vitaliy Boiko, said.
According to him, the cost of investments in the construction of the Blokbuster Mall shopping center was $400 million. The total area of the first stage is 200,000 square meters, the leased area is 110,000 square meters. After the launch of the second phase, which is at an early stage of construction, the total area will be 300,000 square meters, the rental area some 200,000 square meters. The facility is located on a plot of 30 hectares.
“Vagif Aliyev’s pipeline now contains projects for EUR2.9 billion (12 projects of shopping and entertainment centers). This is the second largest indicator in the world in terms of development of retail real estate. Westfield is the first developer in the world with EUR8 billion, and the third one is one of the largest European investors with EUR2.5 billion. The uniqueness is also that all Mandarin Plaza projects are located in one city – Kyiv,” Boiko said at a briefing.

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VALENCIA TO BECOME 27TH DESTINATION OF RYANAIR FROM UKRAINIAN CAPITAL

Ryanair, the largest low cost airline in Europe, from October 29, 2019 will launch direct flights from Kyiv to Valencia, Spain.
According to the booking system of the airline, the Kyiv-Valencia flights will be serviced twice a week on Tuesdays and Saturdays with departure from Kyiv at 11:55 and from Valencia at 06:15.
Tickets are available in the booking system. The cost of one way ticket starts from EUR 66.30.
Valencia will be the 27th destination of Ryanair from Kyiv and the third city in Spain.

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