The Patero Development company has confirmed that Golden Babylon Rostokino shopping centre in Moscow will open on 18 November this year as planned. The mall will comprise 241,000 m[sup]2[/sup] of space, making it the largest urban shopping centre in Europe, the developer said.
The Patero Development company has confirmed that Golden Babylon Rostokino shopping centre in Moscow will open on 18 November this year as planned. The mall will comprise 241,000 m2 of space, making it the largest urban shopping centre in Europe, the developer said.
The anchor tenants of the shopping center include O'Key hypermarket, Media Markt household electronics hypermarket, Castorama DIY hypermarket, Luxor cinema multiplex and Stockmann department store.
According to Colliers International, the marketing and leasing consultant for the scheme, lease agreements have been signed with Russian and international brands for more than 75% of the total area, and lease agreements for another 15% are at the final signing stage.
The two-storey shopping and entertainment centre is located in the northeast of the city which is the most populated area of the capital.
Immoeast is a contractual partner and an investment partner of the project. Sberbank has opened a credit line of $175 mln (about EUR 122 mln.) for 4.5 years.
