Six new shopping centers — Retroville, Blockbuster Mall, Podol Mall, River Mall and MegaMarket Nyvky — will be commissioned in Kyiv over the next year

Six new shopping centers — Retroville, Blockbuster Mall, Podol Mall, River Mall and MegaMarket Nyvky — will be commissioned in Kyiv over the next year, predicts Kostiantyn Oliynyk, deputy head of Strategic Consulting at UTG, the real estate consulting and brokerage company. Speaking at a press conference at Interfax-Ukraine, he said construction nears completion at four more centers: Smart Plaza Obolon, Oasis, Good Life, and the second phase of Auchan Rive Gauche. He said: “A development boom occurred on the commercial real estate market in late 2017 through early 2018. Numerous projects have resumed development activities and are planning to open.” In a warning about over building, UTG reports that that average daily attendance of Kyiv shopping malls was 647 people per 1,000 square meters in May, down from 701 people per 1,000 square meters one year earlier.