Another one METRO was opened in Chernivtsi, Western Ukraine. This brand new shopping center has K11.8 sqm total area and K7.4 GLA.
METRO has bought 4.25 ha land plot for own property form the secondary market. Total funds invested are UAH 117.3 mln (USD 23.2 mln.) includindg land purchase, construction an equipment)
Velika Kishenia, one of the leading Ukrainian retailer opened a new shooping and leisure centre "Ekvator" is the Chernivtsi. This is the 14th city in Ukriane when the Velika Kishenia operate and 5th where there are such retail format.
Notably, the first objects were not in the Kiev, but in Kirovohrad, Nikolaev, Sevastopol and Kharkiv. According to the management, the company is interested to open retail centers and hypermarkets in each city with a population exceed 50,000 people, despite in the Kiev the people have strongly buying force.
Developing a regional zones declared as a priority, it is active expansion in the regions. According to developing plan, which was launched in September last year Velika Kishenia for 3 years (2006-2008) will build more than 10 shopping centers. For that purposes they borrow about USD 250 mln. Thus a significant part of the total 35 supermarkets and hypermarkets declared at the opening would be in their own buidings. Investment consultant of project is Dragon Capital.
Chernivtsi city council announced tender for leasing of 4.01 ha land plot for shopping and leisure centre construction.
The tender was announced for leasing of a land plot on Chervonoarmiiska Street until January 1, 2037.
According to tender conditions, the leaser has to retain purpose of the land plot and complete the construction in three years after signing of the leasing agreement.
The leaser also has to transfer residential house providing them with housing. Leaser’s fee for development of engineering-transport and social-cultural infrastructure cannot be lower than UAH 3 ml.
Money pledge for participation in the tender is UAH 784,503.
Velika Kyshenia (Kiev), one of the largest retail chain in Ukraine, opened a shopping center Ekvator in Chernivtsi.
There are a furniture salon, children's playgrounds, Velika Kyshenia hypermarket, a MonAmi cosmetics shop, mobile communications shop, Velika Apteka drugstore, a domestic appliance supermarket, a bank branch, a restaurant, clothing and shoes stores. An entertainment zone that includes a bowling, a pool, and a food court are located on the third floor. A parking is situated for 500 cars.
The tenants at the centre include the Domotekhnika domestic appliance supermarket, the Pizza Celentano, Colin's and SELA clothes shops, a Melafon mobile communications shop and a Monarch shoe shop.
The Ekvator shopping and entertainment center in Chernivtsi is Velika Kyshenia's seventh hypermarket and 34th commercial facility. Recently, Velika Kyshenia opened an Ekvator shopping center in Kharkiv, Kirovograd and Sevastopol.
The Retail Group company plans to obtain USD 250 million for financing a developing up to 10 shopping centres in Ukraine regions during the 2006-2008.
According to International Finance Corporation, 88% stake in Retail Group belong to its Board Chairman Roman Lunin while 12% belong to eight financial institutions (mainly European private equity funds and asset management companies).
