Business news from Ukraine

TAS GROUP BUYS PART OF ARENA CITY TRADE CENTER IN KYIV

Sergiy Tigipko’s TAS group of companies has bought part of the Arena City retail and office center at 1-3/2a Baseina Street in Kyiv. According to the NV Business edition, with reference to several sources, the group of Tigipko acquired the center with an area of 14,000 square meters for $13-15 million. The deal did not include several premises on the ground floor that were previously sold.
According to the source, Dmytro Firtash’ Group D, which owned the asset, put it up for sale in 2018 at the initial price of about $20 million.
According to Olha Nasonova, the director general of Restaurant Consulting company, rental rates for offices in Arena City can reach $25-30 per square meter, for food courts from $50 per square meter.
TAS Group was founded in 1998. It has assets in financial and industrial sectors, agriculture, real estate, pharmaceuticals, and venture projects.

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FOUNDER OF MANDARIN PLAZA WANTS TO BUY OCEAN PLAZA MALL IN KYIV

The founder of Mandarin Plaza company, investor and developer in Lavina, Blockbuster, Ocean Mall and other shopping centers, Vagif Aliyev, has said that he plans to acquire Ocean Plaza mall by autumn 2019.
“We are still negotiating. I think we will buy first phase of Ocean Plaza by the autumn… and connect with Ocean Mall shopping center. Therefore, please, those [shops] which are located in Ocean Plaza, please consider Blockbuster and Lavina, because I think I will buy it by the autumn. I will not leave any brand there [in Ocean Plaza shopping center], no matter what it is. I think all contracts will be terminated because we are moving systematically, and with this system we will go across Ukraine,” the businessman said during a closed-up tour for retailers at the Blockbuster Mall shopping center.
According to him, the opening of the first phase of the Blockbuster shopping center is scheduled for May 31, the launch of the second phase is planned for the autumn.
As reported, in February 2019, Board Chairman of Mandarin Plaza, developing the chain of shopping and entertainment centers Lavina, Blockbuster, Ocean Mall and others, Oleksandr Chernitsky told Interfax-Ukraine that the company is holding talks with TPS Real Estate on the acquisition of the Ocean Plaza mall.

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LITHUANIAN FOREIGN MINISTER MEETS WITH ZELENSKY IN KYIV

Lithuanian Foreign Minister Linas Linkevicius, who arrived in Kyiv on a visit, met with President-elect of Ukraine Volodymyr Zelensky. “Held very good meeting with Ukraine’s President-elect V. Zelensky in Kyiv: congratulated on his land sliding victory in Presidential elections, reaffirmed Lithuania’s continuous steadfast support to Ukraine’s sovereignty, territorial integrity, reforms, European & Euro-Atlantic integration,” he wrote on Twitter. He also published a joint photo with Zelensky in the social network.
As reported, Minister of Foreign Affairs of the Republic of Lithuania Linas Linkevicius is on a working visit to Ukraine on April 25-26. The purpose of his visit to Kyiv is to deepen bilateral cooperation in the framework of the Ukrainian-Lithuanian strategic partnership.

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TAS GROUP BUYS PART OF ARENA CITY CENTER IN KYIV

Sergiy Tigipko’s TAS group of companies has bought part of the Arena City retail and office center at 1-3/2a Baseina Street in Kyiv.
According to the NV Business edition, with reference to several sources, the group of Tigipko acquired the center with an area of 14,000 square meters for $13-15 million. The deal did not include several premises on the ground floor that were previously sold.
According to the source, Dmytro Firtash’ Group D, which owned the asset, put it up for sale in 2018 at the initial price of about $20 million.
According to Olha Nasonova, the director general of Restaurant Consulting company, rental rates for offices in Arena City can reach $25-30 per square meter, for food courts from $50 per square meter.
TAS Group was founded in 1998. It has assets in financial and industrial sectors, agriculture, real estate, pharmaceuticals, and venture projects.

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GLOVO PLANS TO OPEN COOK-ROOM IN KYIV

The Glovo international service plans to open a cook-room in Kyiv in August 2019, Glovo Senior Manager in Ukraine Dmytro Rasnovsky has said.
“Today, restaurants in the center of Kyiv are not coping with orders. We need kitchens from which restaurants could take orders. Glovo has such a project, the Glovo cook-room, when we find a room, lease it and prepare it. Then we offer that they be occupied by certain partners, which, for example, have exclusive contracts or good accessibly. I admit that in August we will open the first cook-room and put three or four non-competing partners there,” he told Interfax-Ukraine on the sidelines of the Sup Day Forum 2019.
In this case, Glovo considers different locations.
“On the one hand, we see a need for the center of Kyiv, on the other – in Troyeschyna district, where there are few places [restaurants] from where you can order food. We will carry out the analysis and make a decision,” Rasnovsky said.
In this case, according to him, restaurants often do not cope with the number of online orders. This trend is becoming a “bottleneck” in the food delivery market.
“Kitchens are not ready for such a number of orders, they do not have the capacity to provide such a flow. Restaurants were planned for a certain number of orders, and Internet delivery expands the demand for their services. Startups that provide infrastructure for so-called dark kitchens appear in the world,” Rasnovsky said.
According to him, cook-rooms are a profitable option of “expansion” for those areas of Kyiv, where it is unprofitable to open a restaurant.
“And the ability to open a cook-room under a familiar brand changes everything,” the manager of Glovo said.

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UBER PLANS TO LAUNCH UBER SHUTTLE PILOT PROJECT IN KYIV

Uber plans to launch the Uber Shuttle pilot project, a servicing to book a seat in a minibus that will drive from one pre-arranged location along a fixed route to another pre-arranged location within the city, in Kyiv in May 2019, the press service of Uber has told Interfax-Ukraine.
This service is also available in Cairo (Egypt) and Monterrey (Mexico).
Uber said that during the pilot project, customers will be able to book a seat in the minibus via the Uber application.
“Uber strives to become a multimodal platform for personal mobile services, giving users access to various modes of transport with the click of a button, so that they can move around the city without need of having their own car. With the pilot launch of Uber Shuttle in Kyiv, we offer the experience of using this service to users here in Ukraine,” the press service said, citing Europe, Middle East, and Africa (EMEA) Head at Uber Pierre-Dimitri Gore-Coty.
The company said that the main goal of the pilot project is the use of Uber technology, to offer Ukrainian users another alternative way to travel around the city.
“This pilot project is part of Uber’s mobility strategy available on the platform,” Uber said.
Gore-Coty also said that Ukraine is very important for Uber, and the company will continue investing in the country, promoting new products on the Ukrainian market.

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