On February 14, the first MYplay shopping and entertainment space in Kiev opened in the Smart Plaza Obolon shopping center. The new store with an area of about 450 m2 located on the second floor of the shopping center and pleased residents of the Obolon district with an innovative idea of a shopping space. Chain owner, Pavel Ovchinnikov on the main features of the MYplay concept and growth plans.
In May this year, a restaurant of the New York Street Pizza chain with an area of 400 m2 will open in the new Cherry Mall. The lease agreement was signed with the assistance of UTG. The new restaurant will be the first one in chain that will locate in Kiev and Vyshneve city, and will open on the second floor of the shopping mall.
Within the Open Mind Conference, which took place on February 11 in Kiev, Evgenia Loktionova, director of UTG, told about the perspectives of Ukrainian commercial real estate sector. During the presentation, Evgenia noted that despite unstable situation in the country, demand for professional shopping area remains.
As a part of tenant mix expansion strategy, the famous French brand Sandro will open in the Ocean Plaza mall. The new store will be located on the first floor with an area of 184 m2. The lease agreement was signed with the assistance of UTG.
In April 2019, the Fora store with an area of 868 m2 will open in the Cherry Mall shopping center. Their new store will be 7th in Vyshneve. It will be the largest store of this retailer in the city. The lease agreement was signed with the assistance of UTG.
On February 11, at Open Mind Conference, the event dedicated to real estate investment, UTG director Evgenia Loktionova will moderate the 5th session. The following questions will be discussed: whether it is possible to expect an increase of investments flow in the real estate sector, whether it is worth waiting for new players to appear on the market, who is interested to invest in development projects in Ukraine from abroad, what global and local factors will affect the real estate market and its investment potential.
Last year, in Ukraine was created a new management company, Kiev Mall Management (KMM), the main goal of which is to foster development of asset management services in Ukraine with their current role as management of the Ocean Plaza shopping mall. The owner and head of the company, Alexander Fashchevsky, told about his plans for the next few years and his forecasts for commercial real estate market development in Ukraine.
Today, in Kiev was an official launch of a new food delivery service, Uber Eats. It is reported on the FB page of Uber Eats Ukraine that the service is ready to deliver food in any weather. According to the company, list of restaurants where it will be possible to order food will expand to 200 places by late February. The work of the new service, according to Sergey Zaika, UTG Business Development Director, will have a positive effect on both the restaurant business and the retail property market.
By the end of February, an international clothing retailer LC Waikiki will open under the tenant-mix enhance in the «Oasis» mall in Khmelnitsky. The brand store of Turkish operator will be located on the 2nd floor of the mall and will take 1 250 m2. A rotation of stores inside the shopping center was occurred to set LC Waikiki on a record-breaking area for a fashion retailer.
Just before the most romantic holiday of St. Valentine's Day, Ocean Plaza shopping mall gives all visitors the opportunity to prepare unusual surprises, fall into the moments of happiness or arrange a romantic dinner. Due to the special events, everyone can reach the atmosphere of love, get a charge of tender feelings and creativity.
A company specializing in real estate of Central Europe and Germany, CPI Property Group has announced the reconstruction of the Campona Mall in Budapest. The main criteria for the reconstruction will be a GLA increase by 60% and a twofold expansion of the leisure zone, catering and creation of a park.
One of the largest construction companies in Israel, The Azrieli Group, announced plans to build the Spiral Tower, which will be the tallest skyscraper in the country. The new building height of 1150 feet or 91 floors is also called the «Tower of Babel». It will become a part of Azrieli Center in Tel Aviv. It is estimated to cost about $700 million and will take six years.
On February 27, 2019, the Real Estate Development Certification Course will start in Kiev. The course is hosted by the «International Business Institute» school and the CP School educational platform. Sergey Khomenko, Head of the Project Development Department at UTG, will be the special guest lecturer of the Course.
One more retail property in Europe has begun a large-scale reconstruction. Over the next two years, the largest German shopping mall, Olympia Einkaufszentrum (OEZ) in Munich will be significantly upgraded. According to across-magazine, a pool managed by DWS and the ECE / Otto family are investing around 30 million in the reconstruction.
Today, was held the opening of Smart Plaza Obolon shopping center with a total area of 15 000 m2. According to Evgenia Loktionova, the UTG director, an exclusive broker of the project, the Smart Plaza Obolon differs from other shopping centers in Obolon area with a unique tenant-mix and restaurant offer, and before the opening, rental space was filled by 94%.