XXI Century Investments Public Ltd
09 November 2007
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XXI Century Investments Public Limited
XXI Century signs pre-lease agreement with X5 Retail Group
XXI Century Investments, one of Ukraine's leading real estate investment,
development and property management companies, today announces that it has
signed a pre-lease agreement with X5 Retail Group.
X5 Retail Group N.V., the largest food retailer in Russia in terms of sales,
will lease 4,200 sq. m. (over 20% of GLA), in XXI Century's new shopping centre
Kvadrat Perova. The agreed monthly rate reflects the quality of the shopping
space and the attractive location of the centre.
X5 Retail Group will be represented by the Perekrestok supermarket brand. The
tenant has started the necessary work to prepare the store for opening and to
adjust the premises to the group's internal technological requirements.
XXI Century has pre-leased more than 90% of the GLA to well-known and
established foreign and local tenants, including Odesa-Kino (cinema operator),
LOTTO, COLINS, SACH, H&M, OGGI, Intertop, SELA, Monica Ricci, VD One, EFFIGY,
ANTONIO BIAGGI and others. The average monthly rate based on the signed
pre-lease agreements is estimated at approximately US$42 per sq. m. The GLA of
Kvadrat Perova is approximately 19,100 sq. m.
The opening of Kvadrat Perova is scheduled for the first quarter of 2008.
XXI Century continues negotiations with X5 Retail Group regarding pre-leases in
other Kvadrat shopping centres and further cooperation between the companies in
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XXI Century +380 44 2000 457
Dimitri Vasylev, Public Relations Director
Aliona Osmolovska, Head of Investor Relations
Bell Pottinger Corporate & Financial +44 (0)20 7861 3232
Peter Otero, Account Director
Andrew Benbow, Account Manager
This information is provided by RNS
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