News
New brands in new LETO shopping center
MOSCOW, RUSSIA - February 27, 2010 - Sistema-Hals (LSE, MICEX, RTS: HALS), a leading diversified company in the Russian and CIS real estate market, and Apsys Group, one of the leading European companies engaged in development and management of retail real estate assets, announce leasing of 3,100 sq. m in shopping center LETO (Saint Petersburg) to one of the largest anchor tenants - Inditex Group. Inditex will suit in LETO such significant brands as ZARA, Stradivarius, Pull&Bear and Bershka. The leasing period is 20 years.
«LETO shopping center continues to gather the brightest and most popular brands under its roof. The fact that Inditex Group has joined LETO tenants clearly demonstrates the quality and future success of our shopping center No doubt it will attract Northern capital customers to new shopping center», - says Alexandra Kart, Director of Retail Real Estate Department of Sistema-Hals Ñompany.
Sistema-Hals and Apsys are building shopping center LETO with approximately 114,000 sqm GBA (about 80,000 sq. m.GLA) The outdoor parking is designed for 3,200 lots. LETO is ideally located in the actively growing and developing part of Saint Petersburg at the crossroad of Pulkovskoye Highway and the City Circle Highway (KAD).
70% of GLA of the shopping center has already been leased. The Grand Opening of LETO is estimated in autumn 2010. The key anchor retailers of LETO are also Auchan on circa 11,600 sq. m, Media Markt on circa 6,000 sq. m, H&M on circa 1,700 sq, as well as New Yorker, Reserved and other leading international tenants. Exclusive marketing and leasing agent for LETO is Apsys Rus in partnership with Jones Lang LaSalle.
For further information please contact:
Anna Zavialova
Director
PR Department
office: +7 (495) 785-7764
zavialova@sistema-hals.ru
Sales and rent contacts:
APSYS RUS:
Elena Belogurova,
office: +7 495 987 12 15
fax +7 495 987 12 15 ext. 2532
mob.: +7 985 226 7434
ebelogurova@apsysgroup.com
Jones Lang LaSalle:
Ekaterina Zemskaya,
office: +7 (495) 737 8000 ext. 398
fax: +7 (495) 737 8011
mob.: +7 (495) 724 2114
Ekaterina.Zemskaya@eu.jll.com
Sistema-Hals ("the Company") is one of the leading diversified companies in the Russian and CIS real estate market.
The Company was the first Russian property developer to list its shares on the main market of the London Stock Exchange. The Company's shares are also listed on the Moscow Interbank Currency Exchange and the Moscow Stock Exchange and the Russian Trading System Stock Exchange.
Main shareholders of Sistema-Hals are Bank VTB (51.24%) and AFK "Sistema" (27.6%); free float is about 18%.
Starting operations in 1994, Sistema-Hals has successfully completed about 40 projects with a total area over 450,000 square metres, including several residential complexes in Kuntsevo, the headquarters of the DaimlerChrysler company, the Hals Tower office building, the headquarters of the Trubnaya Metallurgical Company, the hotel for the MaMaison chain (Orco Property Group).
Sistema-Hals implements the development of the Leningradsky Towers complex in Moscow; carries out the complex program of redeveloping the facilites of the Moscow City Telephone networks; reconstructs the building of the Central "Detsky Mir" on Lubyanka and fulfils several other projects.
Sistema-Hals has assembled a balanced and diversified portfolio of assets in fast-growing sectors of the market. The Company's strategy is focused on building Class A and B office space, multifunctional retail and office complexes, business-class residential buildings.
Apsys is a global retail real estate operator with a long term investment portfolio with the shopping centers that it develops. The core business of Apsys and its affiliates is the development, the letting and the management of shopping centers. The Apsys group has been created in 1996 by its President Maurice Bansay and Foncière Euris, a Paris listed group dedicated to retail (FMCG et sport) and real estate. Apsys has first developed its activities in Poland, where it is now the leader in the shopping center industry, and in France since 2002. The group has completed over 450,000 sq.m. retail development, among which the landmark Manufaktura retail and entertainment center in the Center of Lodz, Poland's second largest city, a 150,000 sq.m. development in an 19th century textile factory. Manufaktura has been awarded by many international prizes, such as the ULI Award for Excellence - World 2007 by the Urban Land Institute.
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