New meters: which SEC are planning to open in Ukraine in 2019

In 2019, Ukraine announced the eight retail properties commissioning with a total rental square ​​more than 440,000 sq. m.

Most of the (6 of 8) scheduled to open shopping centers are located in Kiev, including such large SEC’s as Blockbuster Mall and Ocean Mall, as well as Retroville and River Mall. The regions are expected to launch the Odessa SEC Gagarinn Plaza second phase and the sports and shopping-entertainment center Spartak in Lviv opening.

Smart Plaza Obolon

Location: Kyiv, 21 Marshal Timoshenko str.

Rentalable square: 10 000 sq. m

Developer: Ukrainian Development Partners (UDP)

The stated commissioning date: 2019 I quarter

The second object from the Smart Plaza series: the three-level SC Smart Plaza Obolon, which is invested by the investment and development company UDP, would be open in the this year first quarter. Initially, the SC with 15,000 sq. m total square​​, of which 10,000 sq. m – rental, was supposed to open in 2018 third quarter. However, then the developer twice postponed the object commissioning date: first, at the last year end, and then – at 2019 beginning.

However, the SC construction readiness high level gives hope that the current dates for opening the shopping center will be respected. As for the new facility key tenants, it is also known. The grocery supermarket Silpo, the Fozzy Group member, with ​​3,200 sq. m square, the appliances, electronics and gadgets shop Comfy with ​​1000 sq. m square, supermarket cosmetics and perfumes EVA and two-level restaurant KFC will be presented in the SC Smart Plaza Obolon.

Oasis

Location: Kyiv, Heroes of the Dnieper metro station

Rentalable square: 13,200 sq. m

Developer: Megaline

The stated commissioning date: 2019 I quarter

Another shopping facility, the opening of which was postponed from the last year end to 2019 beginning, is the scandalous SC Oasis. Public activists and nearby arrays residents repeatedly spoke out against its construction over the Heroes of the Dnipro metro station in Kyiv. The SC construction was even suspended until the public hearings were held. However, it was believed in the Kyiv metro that the SC Oasis construction does not pose a threat to the subway, and the developer has all permits. Subsequently, the SC construction was resumed and in the near future it is planning to open doors for visitors.

The SC Oasis, due to its location above the metro station, will be able to generate good traffic, since the   transport hub daily traffic is about 100,000 people per day, according to estimates by the brokers. The SC anchor tenant will be the Varus grocery supermarket. In addition to it, Eva, MIDA, Miniso, TTT, Kievstar, Lifecell, Vodafone, Luxoptica, Mobile trend, Yves Rocher, Aurum, Metropolitan Jewelry Factory, restaurants Puzata Hata, KFC, Lvov Kruassany and others will start work in the new mall.

Gagarinn Plaza (II phase)

Location: Odessa, 5 Genoese str.

Rentalable square: 20 000 sq. m

Developer: Polax

The stated commissioning date: 2019 I quarter

The Odesa SEC Gagarinn Plaza second phase will be the first shopping facility in Odesa, put into operation after 2015. The second phase rentable square, the launch of which is scheduled for 2019 first quarter, is 20,000 sq. m. The SEC Gagarinn Plaza total trade square will exceed 34,000 sq. m as its opening result. The existing lineup anchor tenants are the Silpo supermarket (3,000 sq. m) and the children’s entertainment center Children’s Planet (2,200 sq. m). At the same time, the Gagarinn Plaza entertainment zone will significantly expand due to the placement of Kid’s Will’s first children’s city in Odesa and the first 8-hall Multiplex cinema in the new phase.

The Polish group LPP, which will open in Gagarinn Plaza popular youth brands Reserved (about 2000 sq. m) and Sinsay (500 sq. m) stores, will be the second phase anchor fashion-tenant. The project concept involves yet two large fashion-anchors placement, which will be located on the mall second level, along with other popular brands. In addition, the project has already joined the largest national chain of home appliances and electronics stores Foxtrot, which has leased more than 900 sq. m and the children’s supermarket Miracle Island, which will be presented in an expanded format – 1180 sq. m.

Blockbuster Mall

Location: Kyiv, Stephan Bandera Ave.

Rentalable square: 135 000 sq. m

Developer: Megaline

The stated commissioning date: 2019 I quarter

SEC Blockbuster Mall is the Kyiv megamall chain second shopping facility, which Vagif Aliev plans to build. Its opening was also scheduled for 2018 end, but was postponed to 2019 February. The shopping and entertainment center, located on 34 Stephan Bandera Avenue, next to the existing SEC Blockbuster, would become the largest shopping center in the country at the its opening time. The facility first stage square will be 190,000 sq. m, of which 135,000 sq. m – rental.

Blockbuster Mall will be implemented in the retail resort format, which assumes that a visitor can satisfy absolutely all needs from shopping and snacking to entertainment with family and friends. The flagship Silpo with square ​​9000 sq. in a completely new format, focused on the middle class will be center anchor tenant. Other tenants of the SEC are still unknown, however, according to experts surveyed by RAU, the object occupancy rate at its scale is quite high. The SEC will open its doors with a vacancy that tends to a minimum, according to Anna Marsova, CBRE Ukraine senior retail property consultant.

Spartak

Location: Lviv, 49 Instrumental str.

Rentalable square: 23 000 sq. m

Developer: Lvovbudmax-Invest

The stated commissioning date: 2019 I quarter

Modern sports shopping and entertainment center Spartak, 23,000 sq. m rental’s square is scheduled to open in Lviv in 2019 March. As of 2018 December, the SEC occupancy rate under signed lease agreements was already 84%. The Silpo supermarket chain (4,000 sq m.), which will open an exclusive format store here, the seven-hall Multiplex cinema and the Sportlife sport complex with square ​​over 6,800 sq. m with a swimming pool by Olympic standard will be the SEC anchor tenants.

SinSay – the largest fashion-brand store in Lvov (LPP group, more than 1,100 sq. m), Comfy (1000 sq. m) – multi-channel home appliances and electronics retailer and Akvarel N – hobby market with square ​​more than 1,000 sq., which will include entertainment center, will be the shopping gallery “the anchors”.

At the same time, the SEC food-court zone will be implemented in a new format that will unite the author’s restaurant concepts, gourmet kiosks and other gastronomic projects. The zone operators will include pan-Asian facility NOA, health food restaurants Tomatina and Avocado, as well as express or to-go formats: Express Buffet, Pinsa Romana, Lvov Kruasany and others. In addition, Celentano Ristorante pizzeria and the Middle Eastern cuisine facility will open in the Spartak. The food zone total square will be 1500 sq. m.

River Mall

Location: Kyiv, 10-14 Dneprovskaya Quay

Rentalable square: 59,682 sq.

Developer: Vilna Ukraine

The stated commissioning date: 2019 I quarter

The SEC River Mall opening timing, which after opening will be the largest shopping center in Kyiv on the Dnepr Left Bank, has been repeatedly postponed. However, in 2018, the developer actively conducted not only construction work at the facility, but also the  contracts signing with tenants, so the shopping and entertainment center commissioning is likely to take place this year.

The Silpo supermarket, which will occupy square ​​almost 5,500 sq. m, 10-hall cinema Planeta Kino and the chain Papashon entertainment zone with bowling, music hall and children’s town will be the complex anchor tenants. The mall also confirmed the contract signing with the Spanish group Inditex (it rented over 7,400 sq. m for opening seven stores at once), the Ukrainian Ultra Group (Superdry, HUGO, Guess, Levi’s), MD Fashion (Diesel, G-star, Walker, Accessorize, Tommy Hilfiger, GANT, Pepe Jeans, Replay, Under Armor), MNS Investment (Calzedonia, Intimissimi, Tezenis) and a number of other operators. In addition, as it became known to RAU, the Swedish retailer H & M also plans to open its store in River Mall.

Ocean Mall

Location: Kyiv, Antonovicha str.

Rentalable square: 100 000 sq. m

Developer: Megaline

The stated commissioning date: 2019 III quarter

SEC Ocean Mall, being built next to Ocean Plaza – one of the most successful shopping centers in Kyiv, must be commissioned in 2019 late summer, according to the developer’s plans. However, earlier Vagif Aliev, the project Owner, who bought Ocean Mall for $ 20 million from Vasiliy Khmelnitsky, announced his intention to build SEC by 2018 end. But if then such a short time of the SEC construction was perceived by most market players with skepticism, now it is more than likely that plans on commission the facility will be observed. This is made possible not least by the entry the project of the Swedish furniture giant IKEA, which plans to open its first Ukrainian store in Ocean Mall.

The Silpo supermarket, the Spanish Inditex fashion-group (Zara, Pull & Bear, Bershka and others) and another Swedish retailer – H & M will be the SEC “anchors” in addition to IKEA. It will be in total – about 500 stores. The entertaining zone will be besides the trade component in the mall. It is already known that the laser IMAX from the cinemas’ chain Planeta Kino will be its part. And the entertainment zone total square will be about 30,000 sq. m. The construction project also provides for the new road junction building for unloading Lybedskaya Square, as well as   two parking’s lots equipment with 4,600 cars total capacity.

Retroville

Location: Kyiv, Pravda Ave.

Rentalable square: 80 718 sq. m

Developer: Stolitsa Group

The stated commissioning date: 2019 III quarter

Initially, the development company Stolitsa Group planned the SEC Retroville commissioning in 2015. Lithuanian BT Invest is this company main shareholder; it also developing the supermarket chain Novus in Ukraine. Later it became known about the opening transfer to 2017, and then to 2018 end. Now, the company expects to open the SEC doors for visitors in 2019 September. However, the current launch date for Retroville is more than feasible. Back in the last year July, the SEC frame construction readiness was more than 75% and since then active construction work on the object has not ceased.

The shopping and entertainment center filling by tenants is also proceeding at a good pace. Renata Yakubchienene, the SEC General Manager, told, that the task of the complex management is to start work with the open stores – 85% and over signed lease agreements – 90%. It is already known that Novus supermarket with square ​​more than 10,000 sq. m, children’s entertainment center Fly Kids (4,700 sq. m), eight-hall cinema Multiplex (3,400 sq. m), fitness-club Sport Life (about 4,350 sq. m), and also home appliances and electronics stores Foxtrot (1100 sq. m), Eldorado (1000 sq. m) and MOYO (570 sq. m) will be the SEC anchor tenants. In addition, the developer intends to equip in the mall a spacious food-court, which will be the largest in Kyiv. The food-court square will be about 1,800 sq. m, and it will consist of 15 operators, including McDonald’s.

Respublika

Location: Kyiv, 1A Ring Road

Rentalable square: 135 000 sq. m

Developer: K.A.N. Development

The stated commissioning date: unknown

Already traditionally, the RAU editorial board includes in the annual review of the SEC planned to opening the main unfinished retail property – SEC the Respublika. The facility construction, investment in which was estimated at $ 350 million, began in 2012, and the project’s investors were Dmitry Firtash and Vagif Aliev. The SEC total square was supposed to be 298,000 sq. m, which would allow it to become at that time the third largest in Europe.

The commissioning was planned in 2014, then the opening was postponed to 2015. However, subsequently the SEC construction project was suspended at 98% readiness level. Later, the Deposit Guarantee Fund of individuals received the permission to sell the SEC to compensate funds paid to the Nadra bank depositors owned by Dmitry Firtash. However, the SEC has still no new owner. In 2017-2018, the IDGF tried several times to sell the asset, but even a price reduction from UAH 2.5 billion to UAH 1.1 billion did not help the SEC gain owner. According to experts, the main reason for the buyers lack is the fact that the object itself is not put up for auction, but the rights to claim two loans, the security of which transferred property rights on the SEC.

At the last year end, a buyer finally appeared at the auction for the SEC. Financial company “Mustang Finance”, the Majority Shareholder of which is the Dnepr businessman Alexander Bondarchuk, at the last auction offered for unfinished UAH 544 million. However, after the bets were made, the bidding was canceled. “Mustang Finance” believes that “this is an unprecedented case when a contest is canceled because an inappropriate winner was determined” and it is preparing to appeal the decision to cancel the auction in court. So the epic with the object sale continues, respectively, the opening timing of one of the largest SEC in the capital remains unknown.

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