ECE to build shopping gallery in Yaroslavl, Russia (RU/DE)

ECE Projektmanagement is building a modern shopping center with more than 130,000 m² of gross floor space (leasable area: 60,000 m²) in the center of Yaroslavl, Russia. ECE will invest €150 million and create more than 2,000 new jobs. The shopping center is scheduled to open in the spring of 2010 – in time for the city of Yaroslavl's 1,000th anniversary.

The shopping center of Yaroslavl.

The project was announced to the public at a joint press conference with Yaroslavl's mayor, Viktor Volonchunas, on 25 May, a day before celebration of the city foundation date. "We are delighted to announce that ECE, a company with an international reputation, will be building a unique shopping center in our city," said Mr. Volonchunas. "This investment will even more strengthen our prosperous economy."

The shopping gallery on Ulitsa Svobody, the very center street of Yaroslavl, will house around 200 retail outlets, a state-of-the-art multiplex cinema and a food court. "The shopping center's main focus will be on fashion retail outlets for the whole family," said Stefan Zeiselmaier, CEO of ECE Russia. "Thanks to our excellent connections with the big retail chains, I am very confident that many international fashion houses will have a presence in the shopping center". It is envisaged that the anchor tenants will be a large consumer electronics store, a supermarket and a large fashion department store. "We are looking forward to create a gallery which is fitting in this attractive city and satisfies the demand of people living here," says Zeiselmaier. The center will also provide around 1,100 parking spaces for ease of access by car.

Source: ECE

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