June 23, 2014

75 percent of Kuntsevo Plaza’s retail space leased out

75 percent of Kuntsevo Plaza’s retail space leased out

About 75 percent of retail space has been leased out to anchor tenants and key tenants of the shopping gallery at the multi-functional centre Kuntsevo Plaza. JLL and Knight Frank act as co-exclusive leasing agents, with ENKA TC being the investor and developer of the complex.

Kuntsevo Plaza is located at Yartsevskaya Street, 19, in close vicinity to Molodezhnaya metro station. GBA of the complex amounts to 245,000 sqm, while the GLA of the retail part is 68,000 sqm. Three levels of underground parking with over with 2,000 spaces will be designated to retail. The project’s investment volume exceeds $450 million. The complex is to open in October 2014.

Well-known international premium fashion-brands will bring their exclusive concepts and new store formats to Kuntsevo Plaza. Among the anchor tenants of the complex there are: Auchan hypermarket on two levels (14,600 sqm) and a World Class fitness centre including a swimming pool (2,500 sqm). Kuntsevo will also offer its visitors a wide entertainment component including Mori Cinema multiplex with 8 screens (6,900 sqm), Cosmic entertainment (2,000 sqm) with bowling and Q-Zar, as well as a food and drinks area, and a 2-level Sky Bar with terraces. As a whole, the 5-level shopping and entertainment centre will include over 250 stores.

Murat Duran, General Director of ENKA TC, commented: “We can acknowledge the undoubted success of Kuntsevo Plaza today. It is confirmed by the highest level of tenant interest in the property, a significant part of the spaces that are rented out so far, and the level of the brands that will open their stores at the complex. Along with the co-exclusive leasing agents, we have managed to maintain the quality bar high when forming the tenant pool. As a result, the most wanted and popular brands will be present at Kuntsevo Plaza. The unique lifestyle-format of our project is intended to provide the visitors with a wide range of products and services of the highest quality, as well as to create the most comfortable environment for spending time at the territory of the complex.

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