St. Petersburg, May 30, 2014. Over 80% of the shopping centre retail space is occupied by the major international and Russian retail operators. Colliers International is the exclusive broker of the project.
LPP company managing a retail network of more than 1,300 stores in Central and Eastern Europe leased 3 000 sq. m in Lotus Plaza in May 2014. Reserved, Mohito, Sinsay, Cropp Town, House brands will provide young people with fashionable clothes and will be represented in full format for the first time in Petrozavodsk.
Among the new tenants are also the major Russian retail operators: Mirage Cinema, which will open 6-screen hi-end multiplex of 2,500 sq. m; Sportmaster (1,500 sq. m), Detskiy Mir (kid`s department store, 1,300 sq. m); Gloria Jeans (900 sq. m) and O `Stin (600 sq. m) fashion operators.
For the first time in Petrozavodsk, Lotus Plaza Shopping and Entertainment Centre will offer the city residents a strong pool of brands for the whole family and a quality entertainment area. Anchor tenants pool includes the first home appliances and electronics Media Markt hypermarket in Karelia, the first fitness center with a swimming pool in the region, McDonald's with Drive-Thru, L'Etoile (drug store). The large-scale entertainment area includes the only skating rink in the city operating year-round; multiplex and an entertainment park for children.
Gorka outdoor centre operating year-round will be opened nearby, providing all the opportunities for an active family leisure including guest houses for picnics, children playground, bicycle and roller-skating paths, outdoor ice rink and an ice-run. All the sports equipment can be rented, including toy cars for the first time in Petrozavodsk.
The gross building area of Lotus Plaza Shopping and Entertainment Centre amounts to 105,000 sq. m, and the gross leasable area is 62,800 sq m. The shopping center is scheduled for opening in August 2014. The project is located in Petrozavodsk on the way to the St. Petersburg – Norway international highway at the intersection of the major roads of the city. It is a full-blown retail area, where the largest and most popular grocery hypermarket in Petrozavodsk, Sigma, has been operating for ten years (attendance is more than 400,000 people a month). The shopping and entertainment center is located in the center of a dense residential and construction area. For the first time in the region, an international team including architectural practice Champan Taylor and exclusive agent Colliers International was engaged for the project.
Anna Nikandrova, Regional Retail Director, Colliers International:
"The retail real estate market of small cities is developing rapidly, and the high-quality projects with a balanced concept are in focus of Russian and international chain retailers. Lotus Plaza is undoubtedly the brightest, the most ambitious project in the region. The key players of the market have already signed the lease agreements. The brokerage campaign shows impressive results, and we'll keep attracting the best brands to offer the Petrozavodsk residents products, services and entertainment opportunities of the European quality."
About Lotus Holding LTD
Founded in 1989, Lotus Holding is one of the largest, most stable and constantly developing enterprises in Karelia. The company's assets include the largest shopping centers in Petrozavodsk, as well as retail, hotel and tourism enterprises. The priority direction of development is investment and development activities.