CBRE, the exclusive leasing and marketing agent for shopping and entertainment complex City Park in Saransk, Russia, has signed five lease agreements with anchor retail operators, new for the city: Lenta, a food hypermarket (7,500 m²), H&M (2,100 m²), and Madagascar that will open a multiplex cinema, entertainment park and a restaurant on 3,600 m².
City Park totals 80,000 m² (GBA) and 35,000 m² (GLA). Apart from the anchor tenants there will be 140 stores opened in this shopping centre. A large closed parking for 1,100 cars is constructed for City Park’s customers.
City Park in Saransk is planned to be opened in November 2015.
The occupancy level of the project today is 75%.
Darya Yartseva, Property Advisor, Retail Department, CBRE Russia, commented: “It is very important for CBRE as the exclusive leasing agent of this project that three large retailers have chosen City Park for their flagship stores. The results of the research and market analysis show that Saransk is a promising city for retailers. City Park has all the chances to win recognition among the citizen. And now with the enforced tenant-mix the opening of his shopping complex will become a significant event for the Republic of Mordovia.”
Source: CBRE
