Moscow-Grozny, November 10, 2016 The new shopping and entertainment centre GROZNY MALL is unrivaled in the Northern Caucasus Federal District in terms of both the size and level of its delivery. The GBA of the mall will come to 132,000 sq m; GLA – 59,000 sq m. The beginning of construction on the shopping and entertainment centre is scheduled for December 2016 and the mall must open its doors for visitors in 2019. The project is developed by SMART BUILDING, LLC.

GROZNY MALL will house a 7,000-sq m grocery hypermarket, shopping gallery with more than 150 stores, including three double-level clothing department stores, home appliances and electronics, household items, kids stuff and sporting goods as well as a food court featuring 9 concepts, 10 cafes and restaurants. A large-size entertainment area will host a multiplex cinema, a bowling club and a big fun centre for kids. The project anticipates underground parking with 1,000 vehicle slots. The international company Chapman Taylor developed an architectural concept that is unmatched in Russia, blending innovative architectural solutions with multipurpose infrastructure.

GROZNY MALL will sit in the heart of Grozny at the intersection of major thruways – H. Isaev and V. Putin avenues, in close proximity to one of the world’s biggest mosques The Heart of Chechnya and Grozny City business district with its high-profile, 435-meter Akhmat Tower mixed-use centre. All visitors will be able to proceed over the gallery bridge from the shopping centre to high-speed elevators leading to Europe’s tallest viewing platform on Akhmat Tower. The tower will house apartments, a five-star hotel, Class A offices, events and congress halls, lobbies, fitness centre, spa, restaurants with various cuisines as well as Ahmad-Haji Kadyrov Museum and Exhibition Centre.

Said-Magomed D-V. Zubayraev, CEO SMART BUILDING, LLC:

“We are happy to get involved in delivering a project which will make a significant contribution to the development of Grozny and will become one of its business cards. With the opening of the new shopping and entertainment centre Grozny will solidify its positions as one of the most beautiful and modern cities in the Northern Caucasus Federal District. What’s more, the project creates many new jobs for the city, which will have a positive effect upon the economy of the entire region. To create a world-class shopping destination, we attracted partners who put into life most outstanding projects the world over – the consulting company Colliers International and Chapman Taylor Architects.”

Irina Tsarkova, Deputy Director for Retail, Colliers International:

“Per capita retail space in the Northern Caucasus Federal District is one of the lowest in the country – ca. 35 sq m per 1,000 inhabitants, which is almost five times below the Russian average level. So the retail market in this region has huge development potential. GROZNY MALL is among the most ambitious projects delivered on the Russian market today. Thanks to its professional concept, it will serve as a good venue for many national and international brands to enter the market, as well as a centre of attraction for denizens and residents of other republics in the region. Given that this will be a landmark project not only for the Chechen Republic, but also for entire Northern Caucasus, we expect the catchment area of GROZNY MALL to exceed 5 million people on weekends.”

SMART Group is one of the most dynamic structures in Russian construction business. While delivering its projects, SMART taps into the international experience of construction business organization – in particular, as regards the design and construction of unique, technologically challenging projects, integrating this expertise into the Russian practice of implementing major construction investment projects. A comprehensive range of services offered by SMART BUILDING allows the construction of most challenging projects, from their conceptual development to registration of ownership to newly created property.