MirLand Development Corporation carried out a stone laying ceremony for its shopping and entertainment center Triumph Mall in Saratov. The project has a city center location, at the intersection of Astrakhanskaya str. and Kutyakova str., but also can boast excellent visibility and easy access.
The project's GBA is 58,000 m², GLA is 28,888 m². Triumph Mall will have all contemporary infrastructure, including attracted anchors: Perektrstok (2,850 m²), M-Video (2,190 m²), multiplex cinema Kinomax (3,800 m²), well-known fashion chains Maratex with its bands Cortefiel, Esprit, Peacocks, Orsay, Bodiqe, Palmers (1,300 m²), Ramo with Mango, New Yorker (1,500 m²). The complex has parking for 500 cars. The opening is planned for the second quarter of 2009. The developer plans to invest around $60 mln. (approx. 37.6 mln.) into the project.
The project's participants, city and region administration representatives and the key clients participated in the event. The organizers made quite an unusual way to perpetuate the start of Center's construction: The Time Capsule with a message to future generations was signed by all ceremony participants and secured into the Center's fundament by Moshe Morag, General Director of MirLand Development Corporation. Local partners of the project Navigator and Art Dmitriy Plus Companies participated in the ceremony. After the ceremony all the participants had a property and sightseeing tours around Saratov.
MirLand Development Corporation plans to invest more than $2 bln. to the other projects around Russia. The company is interested in the prospective projects in retail, warehousing and residential sectors in the cities of Russia with more that 500,000 inhabitants.
Other participants of the project include EBRD (finance), Norman Asset Management (project manager), Pelleg Architects Company (architect), Danya Cebus (general contractor). Jones Lang LaSalle is the exclusive leasing agent for the project. The ongoing Property Manager is still to be appointed and will be, according to the developer, an international professional.
Moshe Morag, General Director MirLand Development Corporation Plc: "We aim not simply to build a mall, but to create a new idea of shopping, providing unique solutions for leisure. The concept is to create a complex above our customers expectation, to give them modern, comfortable, fascinating place to enjoy leisure time with their families and friends, the place, where they feel happy".
Eyal Fishman Member of Board of Directors of MirLand Development Corporation: "Russia has a favorable investment climate. Applying our proven business techniques and western approach to development we make our presence in the market efficient both for Russia and Fishman Group. Maxim Karbasnikoff, Head of Retail at Jones Lang LaSalle comments: "This is the first shopping and entertainment center being developed according to international standards in Saratov. Its tenants will make happy all the family members. The key advantages of the complex are a large catchment area, convenient access and sufficient parking. I'm sure it will be the most successful shopping and entertainment center in Saratov."
Maxim Karbasnikoff, Head of Retail at Jones Lang LaSalle, Russia& CIS comments: "We are happy to work in one team with professionals of this high level. The key advantages of Triumph Mall are a large catchment area, convenient access and sufficient parking. I'm sure it will be a very successful shopping and entertainment center."
Source: Jones Lang LaSalle