A new shopping and entertainment mall in the country’s capital is set to open next year, situated at the intersection between Altufevskoe Shosse and Moscow’s outer ring road, neighboring a retail park housing shops of a number of large operators. Rentable floor space of the two-storey mall will come to 56,000 square meters. The anchor tenants of the project are the O’Key hypermarket (14,000 sq.m.), a home appliances and electronics store (6000 sq.m.), and a cinema (4000 sq.m.). Also planned for the mall is the addition of a large fashionable clothes gallery. The mall’s concept envisages 3000 parking spaces and convenient entry and exit to and from the main roads. The mall’s opening is planned for the fourth quarter of 2012.
In both Saratov and Smolensk malls under the brand Vesna will be opened. Total floor space in the complex in Saratov will be 45,000 sq.m., and total rentable floor space will be 32,000 sq.m. Anchor tenants will be a hypermarket (8,000 sq.m.), a home appliances store (5,000 sq.m.), and a cinema (4,000 sq.m.). The trading area will be spread across two floors and offer more than 100 international and local retailer operator stores. 1200 parking spaces are planned. The mall’s opening is set for the second quarter of 2012.
The mall in Smolensk will be built right in the center of the city. Its overall area will make up 36,000 sq.m., and the rentable floor space will come to 14,000 sq.m. Across three floors there will be a children’s goods store, a supermarket, and a home appliances store. A two-storey underground car park is planned with 365 parking spaces. The opening is scheduled for the first quarter of 2013.
Sergey Kotov, Senior Consultant of the Retail Rental Department of Jones Lang LaSalle, said: “We see excellent potential in the planned malls. Each has its own special appeal. In Moscow the mall will have a synergistic effect with the presence of Leroy Merlin, Auchan and Decathlon, plus clothes and shoe shops, and also a large leisure area with a six-hall cinema. In Saratov a ‘re-conception’ will take place on the non-profile object, taking into account the demands put forward by the tenants as regards trading space. And the project in Smolensk will become the first professionally and conceptually developed mall in the city.”
Sergey Khramov, Executive Director of the Finstroy holding, in his turn added that the company has for the first time decided to bring in consultants for its projects, which are considered strategically important for both the entry into the capital’s market and the strengthening of the company’s position in the regions. He added that, “These will be the first objects that we construct in these cities. Because of this it is very important for us to get the support of agents having a serious portfolio of successful projects.”
