While shopping malls close in the US, they have a future in Ukraine, said

Friday, April 9, 2021

Sergiy Sergiyenko, Managing Partner of CBRE Ukraine, (Kyiv Post). “Living in Kyiv and Ukraine, in general, there are no quality public spaces in winter…So, people go out and go to a mall,” he said adding that in Kyiv residents travel to malls using mass transit. “Malls are places for hanging out, for window-shopping or for trying on clothes. They may not be so profitable, but they still continue to be used…Rental rates in shopping malls did get hammered, but they will recover gradually.”

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post

During the pandemic year, online shopping increased by 26% and shopping mall rents softened. Despite these conditions 20 new malls are expected to open across Ukraine by the end of next year.

Next post

In Lviv, the continuing investment in property development includes the construction of a business and city administrative center on a prime 7-hectare lot which had previously been a military base,

Previous Main Topics