Business news from Ukraine

ADIDAS-UKRAINE TO OPEN STORES AT RIVER MALL TRADE CENTER IN DARNYTSKY DISTRICT IN KYIV

Adidas-Ukraine has rented 600 square meters of space for two stores in the River Mall shopping and entertainment center being under construction in Darnytsky district in Kyiv.
The press service of the River Mall trade and entertainment center told the Interfax-Ukraine news agency the Adidas shop will be almost 412 square meters, the Reebok store will occupy 186 square meters.
Both stores will open in new concepts for Ukraine: the design of the Adidas store will be in accordance with the concept of Stadium, and Reebok in the FitHib 2.0. concept that is new for Europe.
The facilities will be located on the second floor of the River Mall shopping center in the area of sporting goods and panoramic elevators.
“The range of goods in the stores will include modern sportswear for professional sports and outdoor activities, a total of more than 300 items,” the company said.
Adidas-Ukraine was founded in 1996. It is engaged in the sale of goods for sports.
The owner of the company is Adidas AG (Germany).
The opening of the River Mall trade enter is scheduled for May 2019. The anchor tenants will be Inditex Group stores, a Silpo supermarket chain, a Planeta Kino cinema with IMAX, and a Papashon entertainment center. The specifics of the project will be a food court and an event area with an open terrace and a view of the Dnipro River.

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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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ARGO RETAILER WILL OPEN SIX STORES OF EUROPEAN BRANDS IN RIVER MALL TRADE CENTER

Argo-Trade Network LLC (ARGO, Kyiv) has rented about 800 square meters for six fashionable mono-brand stores, including Scotch & Soda, Liu Jo, Lee Cooper, Penti, OVS Kids and Parfois, in the River Mall shopping and entertainment center being under construction in Darnytsky district of the capital.
The press service of River Mall told Interfax-Ukraine the Scotch & Soda store will occupy 180 square meters, Liu Jo 162 square meters, Lee Cooper 105 square meters, Penti some 74 square meters, OVS Kids 180 square meters, and Parfois 96 square meters.
All stores of these brands will be presented in Darnytsky district for the first time.
“The River Mall shopping and entertainment center is the first high-class shopping center in Darnytsky district in Kyiv, which makes popular European brands of the ARGO group accessible to the residents of this district,” representatives of the distribution network noted.
As reported, ARGO brought the Italian premium brand Liu Jo and the Dutch brand Scotch & Soda to the Ukrainian market in 2018. The stores of these brands in the River Mall shopping mall will be the third in each of the network.

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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.

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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.

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