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LETO welcomes flagship Kronverk multiplex
MOSCOW, RUSSIA - May 12, 2010 - Sistema-Hals (HALS), a leading diversified company in the Russian and CIS real estate market, and Apsys, one of the major European companies engaged in development and management of retail real estate assets, announce the arrival of Russian multiplex Kronverk Cinema, leader in Saint Petersburg, in LETO shopping center.
The multiplex in LETO will become the biggest Kronverk cinema in Saint Petersburg and will consist of 10 halls including a VIP-hall. The leasing area will be 4 700 sq. m. The cinema will hold over 2000 people. The multiplex will be modernly equipped, the lobby decoration will have a unique design.
«Kronverk Cinema is a high level of multiplex in Saint Petersburg. Therefore,the Opening of the largest Kronverk multiplex in LETO shopping center is a significant event that shows tenants' confident of LETO project success», - Teimuraz Shengelia, Vice-President - Head of Commercial Real Estate of Sistema-Hals commented.
«We're very happy to see that the Leader of cinema operators in Saint-Petersburg has chosen LETO shopping and entertainment center to develop his flagship multiplex. This event combined with the trust already placed by the main international brands in our project will make of LETO the first destination of shopping and leisure in Saint-Petersburg», - Fabrice Bansay, Apsys Russia General Manager said.
«I am pleased that LETO's strongest pool of anchor tenants has been strengthened by another successful operator, representing entertainment industry. Since the project's recreational area is quite significant, Kronverk, being a recognized leader of recreational market of St.Pete, will greatly beneficiate the project and become one of the project's main attractive feature», - commented Ekaterina Zemskaya, Associate Director of Retail Department, Russia & CIS Jones Lang LaSalle.
The lease agreements in LETO shopping center have already been signed by such anchors as Auchan hypermarket on 11,600 sq. m., Media Markt for electronics goods on 6,000 sq. m., H&M on 1,700 sq. m., Inditex (Zara, Pull&Bear, Bershka, Stradivarius) on 3,115 sq. m. Well-known international and Russian brands such as TopShop, TopMan, Miss Selfridge, Lady&Gentleman, New Yorker, Ann Christine, O'stin, Reserved, Cropptown, House, Mothercare, NEXT, Tatuum, Coyoco, L'Etoile, Colin's, River Island, Smyk, Nokia, Etam, Springfield, Women's secret will be present in LETO.
LETO with approximately 114,000 sq. m. GBA (about 80,000 sq. m. GLA) is ideally located at the intersection of Pulkovskoye shosse and the Ring Road. The center includes a 3,200-lot parking.
The Grand Opening of LETO is scheduled for Autumn 2010.
Sistema-Hals and Apsys are developing LETO shopping center together. 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
Tel. +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 company 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, constructs LETO shopping center in Saint Petersburg 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.
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2009 global revenue of $2.5 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 149 million square meters worldwide. LaSalle Investment Management, the company's investment management business, is one of the world's largest and most diverse in real estate with approximately $40 billion of assets under management.
In Russia and CIS Jones Lang LaSalle have offices in Moscow, St. Petersburg, Kiev and Almaty. Jones Lang LaSalle, Russia was voted Consultant of the Year in 2004, 2006, 2007, 2008, 2009 and 2010 at the Commercial Real Estate Awards, Moscow and Consultant of the Year at the Commercial Real Estate Awards 2009, St. Petersburg. For further information, please visit our Web site http://www.joneslanglasalle.ru
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