Page 67 - UKRRptNov18

9.2.4 Construction & Real estate corporate news
Goldman Sachs and Dragon Capital have bought Horizon Park, one of Kyiv’s largest office centres and home to Ciklum and the American Chamber of Commerce in Ukraine. With a total leasable area of 68,800 square meters, the two towers had been owned by Ukrsotsbank, until the bank was bought by Alfa Group in 2016. No purchase price was made public. The purchase was announced by the Antimonopoly Committee of Ukraine.
9.2.5 Retail corporate news
Foxtrot, a major electronics and household appliances retailer, is spending $150mn this year to renovate 40 stores and to open 10 new stores , Interfax-Ukraine reports. Targeting big cities and small cities, the chain is opening new stores in Kyiv, Dnipro, Khmelnytskiy, Nova Kakhovka, Kherson region and Varash, Rivne region. Overall, Foxtrot has 161 stores in 90 cities in Ukraine.
Sweden’s IKEA will partner with one of Kyiv’s largest shopping centre developers for major expansion in the 2020s, Vagif Aliyev, the developer, told reporters Wednesday. One year from now, Aliyev’s new Ocean Mall is to open with a 5,000 square meter IKEA, the first Ukraine store of the multinational furniture retailer. This will be followed as many as six IKEAs – in the 5,000 and 30,000 square meter formats – said Aliyev, adding that he is building a group of 10 shopping and entertainment centres in Kyiv. IKEA’s regional representative, Vladislav Lalich, was more cautious, only telling Interfax-Ukraine that the company “really plans to stay in Ukraine for a long time, but develop step by step."
Sweden's retailer H&M opened on October 18 its store in Kyiv's shopping mall Sky Mall , expanding its Ukrainian chain to two stores. Tthe area of the store is 2,500 square meters, according to the company. The move followed August's opening of a story in Kyiv's Lavina Mall . The company offers clothes for men, women, and children, as well as homeware under the H&M Home brand. "We have been waiting for this day for a long time now, and the response from the Ukrainian public was well worth the wait," Dominique Fantaccino, country manager for H&M Ukraine, said in the time. "I am so proud to welcome shoppers to our very first store in Ukraine and we are pleased to be able to offer our customers added value through fashion, quality and sustainability at the best price." As reported, the first H&M store in Ukraine with an area of 3,000 square meters was opened on August 18 in Kyiv's Lavina Mall. The H&M Group has 47 online marketplaces and over 4,700 stores on 69 international markets jointly with the stores operating under franchise contracts. According to the unified public register of companies and individual entrepreneurs, the ultimate beneficiary is Stefan Persson (Sweden). The charter capital is UAH 696,900.
Germany’s Metro Cash & Carry, the self-service wholesaler, plans to open 15 to 20 ‘small’ stores across Ukraine in coming years, their country CEO, Olivier Langlet, tells Interfax-Ukraine. “It’s better to open more than 20 stores in the regions than one big one,’ Langlet said, referring to stores in the 1.5-2,000 square meter size that cost EUR 150-300,000 to open. In Ukraine for 15 years, Metro has 27 stores, largely hypermarkets, with the exception of two of the new, smaller stores, in Lutsk and Ternopil.
67 UKRAINE Country Report November 2018 www.intellinews.com