The return of Spanish retailer Inditex to Ukraine could raise rental rates in shopping malls by 15%.

UTG Director Evgenia Loktionova, at the “How do shopping centers change during the war?” conference, said that the return of brands from the Spanish group Inditex to Ukraine – Zara, Bershka, Stradivarius, and others, will lead to an increase in shopping center rental rates by 10-15%.

In January 2024, fixed rental rates in Ukrainian shopping centers were up to $18 per square meter per month for clothing stores with an area of 600-1,500 square meters. Rates for fashion stores with an area of 100-200 square meters – up to $30 per square meter per month. These are tenant payments without considering turnover percentage, VAT, and operating payments.

On April 11, Zara, Massimo Dutti, Oysho, and Pull&Bear brand stores resumed operations in the Forum Lviv shopping center, and Zara and Pull&Bear in the King Cross Leopolis shopping center. In Kyiv, the Inditex group stores – ZARA, Pull&Bear, and Bershka, resumed work on April 3.