The new 300,000 sqm shopping mall developed by Mandarin Plaza will be connected with the existing Ocean Plaza, joining a number of stores with over 800 lots. The doors are set to open in the second quarter of 2022.
The key feature of Ocean Mall (with NAI Ukraine as its official brokerage company) is the first professionally designed brands gallery on the Ukrainian retail market. The mall also has dedicated floors for the most popular retail segments of family, sports and kids fashion, home and care (with an IKEA store) and a food gallery hosting more than 50 diverse restaurants.
An area of 20,000 sqm is used as an entertainment area with a laser IMAX cinema and a Galaxy Entertainment kid’s zone. Their hypermarket anchor alone covers 9,000 sqm. The mall is located 50 m from one of Kyiv’s busiest metro stations (Lybidska) in a high-density district with an average daily passenger flow of about 40,000 passengers and more than 310,000 cars per day.
Vitalii Boiko, CEO of NAI Ukraine says: “Also we should mention that Kyiv is one of the largest European capitals with forecasting population about five million people in 2025 and total catchment area (with satellites and tourists) over nine million people. It is also necessary to take into account the fact that today Kyiv is a tourist rock star, its attendance increased by 9% in 2021 and continues to grow, with more than two million tourists per year.”
Boiko continues, “Now in Kyiv, there is about 560 sqm per 1000 people–according to all the canons of retail real estate, this is a significant deficit. The commercial space market is far from saturation, and in the future, we expect not only a significant increase but also a qualitative change in the market.”