Business news from Ukraine

SECOND PHASE OF GAGARINN PLAZA TRADE CENTER IN ODESA TO OPEN IN Q4

Polax Ltd. (Odesa) of deputy of Odesa City Council Vasyl Shkriabai plans in the fourth quarter of 2018 to launch the second stage of the shopping and entertainment center Gagarinn Plaza with a leased area of 20,000 square meters in Odesa. The press service of JLL said the second stage of the Gagarinn Plaza shopping center will be the first shopping and leisure facility opened in Odesa since 2015. JLL acts as an exclusive consultant, Polax LLC is the developer of the facility.
According to JLL, Poland’s LPP and Wittchen, the chains Foxtrot (900 sq m), Chudo Ostriv (1,180 sq m), Zoloty Vik and others became leasers of the new stage.
The anchor tenants will be a Silpo supermarket (3,000 square meters) and the children’s entertainment center Dytiacha Planeta (2,200 square meters). The tenant of the entertainment zone will be Odesa’s first children’s city of professions Kid’s Will and the first eight-hall Multiplex cinema.
The area of the facility is designed for more than 320,000 people.
Polax LLX was established in 1996. It is engaged in leasing and management of own and rented real estate.

, ,

TRADE CENTER IN TERNOPIL WANTS TO BEGIN CONSTRUCTION OF SECOND STAGE WORTH $15 MLN

Terkuriy-2 LLC (Ternopil region), the owner of the Podoliany shopping and entertainment center with an area of 50,000 square meters, plans in 2019 to begin the construction of the second phase of the facility worth about $15 million.
“We are preparing an updated format, want to increase the trade area by 15,000 square meters, to 55,000 square meters. The total area will be about 80,000 square meters,” director for development at the Podoliany trade center Tetiana Chubak told the agency during the Retail & Development Business Expo 2018 exhibition in Kyiv.
She said that investment in the new area of 50,000 square meters will be about $500 per sq m. Currently, according to the website of the center, the total area of the facility is about 50,000 square meters.
According to Chubak, the project provides for an increase in the number of parking places to 1,500 from 1,300, including a two-level parking lot. The commissioning is planned for 2020.
The Podoliany center at 28Ch Tekstylna Street in Ternopil was opened in 2007.
According to Chubak, attendance of the shopping center last year amounted to 6 million people.

, ,