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IKEA Shopping Centres Russia is investing €260 million into the development of 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 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.
MEGA Mytischi’s development is part of a wider investment program being undertaken by IKEA Shopping Centres Russia between now and 2020. The company has a long-term commitment to Russia and its growing retail market.
Sustainble Development
IKEA Shopping Centres Russia already has MEGA malls in 11 of Russia’s 15 ‘Millionniki’ cities, with over one million people. Footfall at all 14 MEGA malls rose by approximately 4% in 2014’s financial year, to more than 270 million, and has risen by 27% over the last five years. Tenant sales at MEGA malls have grown by approximately 6% in 2014 and 44% in the last five years.
Armin Michaely IKEA Shopping Centres Russia’s general director commented: “IKEA Shopping Centres Russia will invest €2 billion into its development in Russia, including the building of modern and sustainable MEGA centers, commercial upgrades and extensions of existing shopping centers.”
IKEA Shopping Centres 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.
About IKEA Shopping Centers Russia
As part of a successfull global retail network, IKEA Shopping Centers Russia offers a compelling retail environment, making us the natural partner for international brands wishing to enter and take advantage of Russia's fast-developing retail market.
