The completion of the construction of a shopping and entertainment center Respublika on the Ring road in Kiev can be resumed by the end of summer 2016, said managing company, head of the Department for development projects from UTG is the exclusive broker ТРЦRespublika, Sergei Khomenko.
“The Respublika project is frozen, but we have scored more than 70% of the tenants. After the resumption of the project only six months may opening of the shopping center. If the situation changes and will be resolved conflict issues, then maybe by the end of summer the project will resume,” – said Sergey Khomenko.
In addition, according to him, this year UTG has already planned the opening of three shopping and entertainment centers in Kiev. In particular, in the third quarter of 2016 it is planned to open SEC Lavina Mall on Berkovetskaya, 6 with a total leasable area of 115 thousand square meters and ТРЦSmart Plaza on the Avenue of Victory leasable area of 15 thousand square meters, while in the fourth quarter are planning to Commission SEC Blockbuster Mall Moskovskiy Ave leasable area of 135 thousand square meters.
As reported, the project of construction of shopping Mall Respublika was suspended in 2015, the decision of the owner.
Commissioning of the Respublika shopping Mall with a total area of 298 thousand square meters (leasable – 135 thousand square meters, whose construction started in spring 2012 on Ring road 1, 1-a, 1-in Kiev, was planned in the fourth quarter of 2014, was later postponed to March 2015. Supervision of the construction and checking of estimate documentation of contractors.
In the SEC Respublika, which after opening, will become the largest Mall in Kiev and Ukraine, will be located in 450 shops and the entertainment district on an area of over 22 thousand sqm shopping Mall will be part of the largest IFC in Ukraine Respublika’s total area of 1,625 million sq. m.
The developer of the project of construction of shopping Mall Respublika, investments in which will amount to approximately $350 million, is the company “K. A. N. Development”, investor – OOO“Megapolisstroy”, General contractor – “K. A. N. Story.” The architectural concept was Titratable company “Archimatika” (Kiev), the concept of the interiors – the international architectural Bureau Chapman Taylor (London, UK).
The anchor tenants were to be a supermarket “Auchan” (16 thousand sq. m), Park amusement, fitness club Sport Life with swimming pool and supermarket sporting goods “Sportmaster” (4 thousand sq m). Also will be open seven multi-brand stores of clothing retailers Inditex (6.3 thousand sq. m.) and MTI (about 1.46 m). In addition, the flagship stores will open Mango, Lacoste, Colin’s, Lerros, Arber, Bosch&Siemens, Adidas, G-Star Raw, O’stin and Samsung Electronics.
Investors of the project of SEC Respublika are businessmen Dmitry Firtash and Vagif Aliyev.