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News Release


Popular brands are coming to Kharkov

The city witnesses the opening of SEC with professional retail concept

Kharkov-Kiev, 5 July 2011 - One of the biggest shopping and entertainment centers – Magelan – will be opened in Kharkov. Jones Lang LaSalle is appointed as an exclusive consultant to attract the tenants to the project.

Shopping and entertainment center Magelan with the total area of 93,470 sq m will be located in the northern part of Kharkov at the intersection of Okruzhnaya Road and Lyudwiga Svobody Avenue. Leasable area of the center is 62,500 sq m. The concept of three level SEC includes the opening of the hypermarket and shopping gallery with approximately 100 stores. Special attention will be paid to the entertainment component: multi-screen cinema, skating rink, carting, entertainment area for children, bowling and billiards.
The main tenants of the first phase of the SEC are: hypermarket Krayina, number of popular brands - Mango, Benetton, Adidas, LoveRepublic, Cimi, Etam, Incity, Befree, Brocard, Ecco, Sisley and many others.

Anna Chubotina, Head of Retail Department of Jones Lang LaSalle (Ukraine), comments: " The introduction of this project to the market demonstrates the qualitative development of professional commercial real estate in Ukranian regional cities. The new shopping center Magelan will be one of the best places for shopping and leisure in Kharkov. Excellent location, professional concept, great variety of well known brands, cafes and restaurants as well as wide range of entertainment facilities will make the mall an attractive place for city residents and people living in the towns close to Kharkov."

Vitaliy Koba, General Director of LLC "Krai", notes: “SEC Magelan will become a shopping center of European level focusing on the maximum satisfaction of the needs of Kharkov citizens and visitors. It is the biggest shopping center ever opened under the brand Magelan. Its concept has no analogues on the Ukrainian market, and it was developed by the professional retail consultants. Magelan shopping and entertainment centre meets all the latest regulations and international recommendations for the shopping space organization".

The developer of the shopping and entertainment center is "Krai" group of companies, the architect of the project is KTM "Mir" (Kharkov). The opening of the first phase of the shopping center is planned for Q3 of 2011; opening of the second phase - for Q3 of 2012.

About the group of companies "Krai"
The subsidiary company "Krai-Property" is a part of group of companies "Krai". The company specializes in real estate development. Its main project is the development of SECs of "Magelan" brand. The company "Krai-Property" is now managing the work of two shopping centers:
SEC "Magelan Kiev", 13b Glushkova Ave,  GLA- 23,000 sq. m. SEC "Magelan Nikolaev," 13 Geroev Stalingrada St., GLA- 10,000 sq. m. The group of companies "Krai" was founded in 1999. Its main business is retail and wholesale trade of consumer goods, development and management of commercial real estate. The group of companies "Krai" is the owner of supermarket network "Krai", hypermarket "Krayina" and shopping centers under the brand "Magelan."

About Jones Lang LaSalle
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 2010 global revenue of $2.9 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 158 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 $41 billion of assets under management.
In Russia and CIS Jones Lang LaSalle have offices in Moscow, St. Petersburg and Kiev. Jones Lang LaSalle, Russia was voted Consultant of the Year in 2004, 2006-2010 and 2011 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 website