Jones Lang LaSalle appointed Property Manager for 165,000 m² OZ MALL (RU)

Jones Lang LaSalle has been appointed as the Property Manager for OZ MALL in Krasnodar. OZ MALL is one of the largest Shopping and Entertainment Centres in Europe with a total area of approximately 212,000 m² and a GLA of 165,000 m² situated on a land plot of about 46 hectares. In the current first stage of the project the anchors OBI, KIKA and O`key are already operating. Decathlon is soon to follow with a scheduled opening in September of this year. The last stage is expected to open in March 2011.

Togrul Gonden, Head of Retail Property Management Jones Lang LaSalle states: "We are very pleased that we could add yet another Property Management mandate after our wins earlier this year and we are honored to be part of such an outstanding and innovative Shopping and Entertainment Centre."

The developer is AIM Property Development, which is planning to invest further in shopping centers in Russia.

Landlord's Statement: "OZ MALL aims to become the best Landlord in the Russian market. OZ MALL has contractually engaged the best professionals in the industry to ensure outstanding contemporary design, Tenant Mix, Property Management and Marketing with the participation and cooperation of the best Russian and European Agencies."

Togrul Gonden: "Jones Lang LaSalle is a professional services firm specializing in real estate and has unparalleled property management expertise and breadth of experience in Real estate industry. We are an industry leader in property and corporate facility management services, with a portfolio of approximately 130,000,000 m² worldwide. Our strong corporate foundation will allow us to bring our experience and implement best practices to increase overall satisfaction of tenants and customers and achieve successful business and financial results for investors and developers of OZ MALL.

"Jones Lang LaSalle Property Management team abides by international standards and management procedures which it will also apply to OZ MALL operations in Krasnodar and we trust that our efficient services will allow us to develop OZ MALL into a successful and profitable project."

Source: JLL

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