AFI Development PLC has signed a lease agreement for 4,500 m² with the Inditex Group in its Mall of Russia Shopping and Entertainment Center.
The Inditex Group will be one of the Center's anchor tenants, presenting the full range of its brands, such as Zara, Massimo Dutti, Zara Home, as well as Bershka, Pull & Bear, Stradivarius, Oysho. Inditex brands stores will be located at several floors of the Center in line with the global concept and design of the complex. Each brand is designed to attract the target audience to the corresponding segment of stores.
The Inditex Group is comprised of over 100 companies associated with the business of textile design, manufacturing and distribution. The first Zara shop opened its doors in 1975 in Spain. Today its stores can be found in the most important shopping districts of more than 400 cities in Europe, the Americas, Asia and Africa.
Mall of Russia, the five-level shopping and entertainment complex, located in the central part of the Moscow City, intends to be one of the major city's attractions. International Business Center, Moscow City is the largest investment business project in Europe that combines the innovation of architecture and multifunctional infrastructure. Moscow City hosts the Russia's Head-Quarters of the most prestigious companies in the spheres of banking, consulting, IT, luxury brands and others.
The unique concept of the project, its scale and location, the selection of tenants are the main components of its success. At the moment the lease agreements are signed for the half of its area. Among the tenants there are such names as H&M, Formula Kino Cinema, shoe & accessories brands: Fabi, Baldinini, NO ONE, Vicini, Ballin, popular entertainment store Soyuz and many others.
With total area of 179,000 m² Mall of Russia in fact became the largest shopping and entertainment project in the center of Moscow. It will unite the main anchor tenants - professional retailers. The shopping gallery will include more than 450 shops with a wide range of well-known international brands.
Mall of Russia will offer many outstanding facilities for leisure: multiplex cinema with 4D and 5D technologies, skating-rink of 900 m², more than 50 restaurants and cafes, entertainment center of 3,000 m² and a three-level parking for 2,700 car lots.
The location of Mall of Russia provides easy car access to Moscow's major highways and thoroughfares the Third Transport Ring, Kutuzovsky prospect and Noviy Arbat. There are also entrances to the metro stations Delovoy Center and Mezhdunarodnaya inside Mall of Russia.
Natalie Shmurin, Director of Sales and Marketing Department at AFI Development: "The leasing activity for our Center goes at full speed even now, during the traditionally quiet summer period. The recent leasing deal with a tenant of such scale and distinction again proves the reputation of our Center as one of the most prospective upcoming shopping projects in Moscow. During last few weeks we have closed a number of large deals with the prominent brands and will be able to announce the deals in the nearest future".
Source: AFI Development