WR Group plans to open five shopping centers in Drogobych, Truskavets and Lviv in 2023, company founder Petr Punyak said.
“We are developing the format of shopping centers in small towns. We plan to build five shopping centers this year, including in cities with a population of 100 thousand people. People travel less to regional centers because of expensive gasoline and roadblocks, so the flow of visitors to shopping centers in small towns has increased significantly,” he said at the workshop “The Retail Real Estate Market at War”.
So, in June 2023 the company intends to open two shopping centers in Drogobych and Truskavets.
The area of the Park Shopping Center in Drogobych will be 11.8 thousand square meters (10 thousand square meters of retail space), the tenants include Silpo, Jysk, Luxoptika, Master Zoo, Allo and Prostor. The vacancy rate of retail premises today is about 20%.
The area of SC “Vector” in Truskavets is 8,4 thousand square meters (7 thousand square meters of retail area), among tenants are “Silpo”, “Allo”, Rozetka, MOYO and others.
The other three complexes will be opened in Lviv, now there is an active work, said Punyak.
In 2022, WR Group has opened shopping centers Fabrik (26 thousand square meters), Maidan (22 thousand square meters) and LAZ-695 (12 thousand square meters) in Lviv.
“About $ 60 million we have invested in three shopping centers in 2022. If we talk about this year, we also invested about $50-60 million in three shopping centers,” – Punyak told Interfax-Ukraine, specifying that his company is working with a group of investors and real estate management.
Next year the company is planning to focus on opening 3-5 thousand sq.m. shopping malls in small towns with up to 30 thousand people.
WR Group is a diversified real estate company. The company’s portfolio has eight completed projects, 107.3 thousand square meters of commercial and 57.6 thousand square meters of office space. Seven more complexes with a total area of 131.5 thousand square meters are under development and construction.
