Business news from Ukraine

OPENING OF TSUM IN KYIV SCHEDULED FOR AUG

25 May , 2016  

KYIV. May 25 (Interfax-Ukraine) – Opening of Central Department Store (TsUM) in Kyiv after the completion of its reconstruction is scheduled for August 2016, Director for TsUM Space Leasing Andriy Mazhara has said.

“We hope to open in August with occupancy of over 90% [for retail space]. I think this is an achievement for today’s market,” he said on the New Comers forum for shopping malls and retailers in Kyiv on Tuesday.

Mazhara also said that as of May 24 tenancy agreements for over 70% of retail space of the department store were signed.

“I think that we would manage to collect a unique tenant-mix and have large occupation rate. Today we’ve signed over 70% of contracts,” he said.

He said that a major part of tenants would have their premises with decoration and retail equipment.

Head of the TsUM Reconstruction Project Mykhailo Sakun said that a peculiarity of the department store will be the division of product categories among the floors.

The upper floor would place restaurants of medium and prime segments.

Architect of the TsUM Reconstruction Project Natalia Milashevska said that special attention was paid to energy efficiency of the building. The department store would have only LED lighting installed.

Marketing Director Yulia Pysmenna said that the buyer behavior analysis system would be realized in the department store. It would adapt the range of products to meet the needs of buyers.

TsUM was bought by Esta Holding in 2010. The department store was closed for reconstruction in 2012.