The 6,500 m² expansion, estimated at €22m, will create space for 50 additional retailers, increasing the total number of tenants to 126. Agreements with 15 tenants have already been signed and the project is expected to be 75% leased at the time of opening in the third quarter of 2018. Among the expected large-scale openings are such brands as Maje, Sandro, Gerard Darel, Bork, TOUS, Frey Wille, Pandora, Superdy and Under Armour.
Additionally, Outlet Village Pulkovo will open a 500-m² restaurant space. The development will feature European cuisine, Saint Petersburg restaurant Pizza 22 cm, and traditional Chinese fare.
The property is currently 97% leased to 70 tenants. Combined with the first phase, the total complex area will increase to 21,900m².
"This is a significant development for Outlet Village Pulkovo, as well as for the entire retail market in Saint Petersburg," said Director of Retail at Hines Russia, Antoni Gascon. "We expect to have over one million visitors by the end of 2017 and are forecasting a 40% footfall increase after the launch of the second phase."
