Tuesday, 23 September 2014
IKEA Shopping Centers Russia to develop one of Europe’s largest shopping centers in Moscow Region (RU)
IKEA Shopping Centres Russia is investing €260 mln to develop a new 215,000 m² modern shopping mall in Mytischi, north east Moscow. MEGA Mytischi will be one of Europe’s largest shopping centers, and is set to attract a raft of international retailers seeking expansion opportunities in Russia.
Scheduled to open in early 2018 and welcome an expected 25 – 30 million visitors per year, MEGA Mytischi, like all of IKEA Shopping Centers Russia’s MEGA branded malls, will benefit from an IKEA store as a powerful anchor tenant, along with other DIY and hypermarket anchors.
Armin Michaely IKEA Shopping Centers Russia’s general director commented: “The €2 billion investment programme will see us build new, modern, sustainable MEGA centers throughout Russia in the coming years. We have also embarked on a major upgrade programme at our existing centers with brand new food court concepts and mall extensions.
“MEGA Mytischi is a very exciting project, and the super-regional mall will set a benchmark for modern retailing in Russia. A carefully selected tenant mix, will be complemented with architecture that is modern, sustainable and functional. In addition, the shopping center will be surrounded by a park with a community center, benefitting visitors and people living in the local area.” Mr. Michaely continued.
IKEA Shopping Centers Russia’s objective is to be the strongest retail destination in each of its local markets by 2025. “This will be achieved by offering the best food, leisure, family friendly environments, sustainability, customer care and a multi-channel experience for our customers,” said Michaely.