Business news from Ukraine

SMART-HOLDING INVESTS OVER UAH 150 MLN IN RELAUNCH OF AMSTOR SHOPPING CENTER CHAIN

1 September , 2017  

KYIV. Sept 1 (Interfax-Ukraine) – The Smart-holding industrial and investment group has invested over UAH 150 million in the upgrade of infrastructure of the Amstor shopping center chain.
“In September, Amstor launches an updated shopping center in Berdiansk… In the near future we plan to open a shopping center in Severodonetsk. We hope to return 11 shopping centers, which are currently located in the uncontrolled territory of Ukraine. All the shopping centers were restyled. The network seeks to add recreational infrastructure to routine weekly shopping,” Public Relations Manager of Smart Holding Viacheslav Rzheutsky wrote on his Facebook page.
According to him, today Amstor Retail Group LLC, part of Smart Holding, has managed to fully restore the operations of 13 out of 38 Amstor shopping centers operating before 2013. The anchor tenant of the renovated shopping centers is supermarkets Silpo of Fozzy Group.
Director of Amstor Retail Group LLC Oleksiy Pashunov said in an interview with the Association of Retailers of Ukraine that two years ago the company completely left the grocery retail and concentrated on property management.
According to him, all the facilities of the Amstor network are located in the eastern and central regions of Ukraine, and their total area is more than 170,000 square meters.
The total area of the renovated Amstor shopping center in Berdiansk will be about 12,000 square meters and with a parking area for 500 cars.