Multi Development Ukraine and Inditex recently signed a lease agreement for the lease of six brands, covering approximately 5,000 m² in Forum Lviv, Lviv (Ukraine). The six brands consist of Zara, Bershka, Pull & Bear, Stradivarius, Massimo Dutti and Oysho, covering the full range of fashion brands Inditex is developing in the Ukrainian market.
All Inditex brands are located in the main mall facilitating maximum synergy effects between the brands and making Forum Lviv a fashion destination. The Zara store will cover nearly 2,500 m² over two floors connected via an internal escalator, which will create an anchor on both shopping floors.
Inditex has risen to the top of global fashion retailers over the last years and stayed there, using its concept of fast-changing collections and rapid expansion into many markets. It entered Ukraine in 2008 and opened 46 stores up to now.
Deals with supermarket Amstor, electronics supermarket Comfy, cinema operator Planeta Kino, children entertainment operator Igroland, Polish fashion retailer LPP (four brands) and MTI retail group (five brands) are amongst the most prominent deals secured during the last year. This and the addition of the stores of Inditex is bringing the occupancy of Forum Lviv close to 75%.
Ronald Dasbach, Managing Director Multi Development Central and Eastern Europe said: “Multi and Inditex have a long history of lasting and fruitful cooperation in multiple projects around Europe and Turkey. We are glad that this cooperation can be continued in Ukraine. Bringing highly respected European brands to our project is giving both Forum Lviv and the inner-city of Lviv a great boost.”
“With the entrance of these six brands to the project it is an important signal that Forum Lviv is one of the most prominent retail developments in Ukraine. Attracting the strongest brands present in the Ukrainian market and having Zara over two levels is again a clear demonstration of the undisputed strength of Forum Lviv, Multi and her partners. With Inditex Forum Lviv will offer the state of the art shopping experience.” said Managing Director of Multi Development Ukraine Gawein Minks.