Sistema-Hals (HALS), a leading diversified company in the Russian and CIS real estate market, and Apsys Group, one of the leading European companies engaged in development and management of retail real estate assets, are glad to announce the participation of H&M in their shopping center LETO (Saint Petersburg). H&M fashion store will be on two floors with a total surface of circa 1,700 m².
Acknowledged trendsetter H&M, which offers wide range of quality and fashion clothes at affordable prices entered the Russian market at the beginning of 2009 and has already won recognition from the public. Marketing and leasing agent for LETO is Jones Lang LaSalle in partnership with Apsys Rus.
"Today a tenant comes very carefully to the choice of leasing spaces for its boutiques. Main factors are reliability of the shopping center and its quality as well as professional project team. Confidence from such a significant tenant as H&M demonstrates enormous prospects of LETO shopping center which gathers an outstanding retail mix of both international and national brands under its roof", commented Teimuraz Shengelia, Vice-President for Commercial real estate, Sistema-Hals.
"LETO is a landmark project for the real estate market of St Petersburg. It is not comparable to any existing shopping center in the city owing to its high European level, unique design, professional concept and a wide range of shops of the eminent brands", said Ekaterina Zemskaya, Associate Director Retail Department Jones Lang LaSalle.
Sistema-Hals and Apsys are building shopping center LETO with approximately 114,000 m² m and GLA of about 80,000 m² The outdoor parking is designed for 3,200 lots. LETO is ideally located in the actively growing and developing part of Saint Petersburg at the crossroad of Pulkovskoye Highway and the City Circle Highway (KAD). The Grand Opening of LETO is estimated in Q3 2010.
The key anchor retailers of LETO are Auchan on circa 11,600 m², Media Markt on circa 6,000 m², and entertainment park Babylon on circa 2,200 m². Other key brands that confirmed their presence at LETO are: Inditex Group with Zara, Pull&Bear, Stradivarius & Bershka; Monex Group with Mothercare, NEXT, Claire's, The Body Shop, Justice & Starbucks; LPP Group with Reserved, House, Cropp Town; as well as New Yorker, Ann Christine; Le Pain Quotidian, Motivi, Lady&Gentleman, Promod, L'Etoile, etc.
Source: Jones Lang LaSalle News