Rextal Group to invest $25 million in construction of entertainment and shopping centre «Solnechnyi» in the Moscow area

09 September 2011
At the end of 2011 Rextal Group is due to open “Solnechnyi” - the first professional entertainment and shopping centre in Solnechnogorsk. Knight Frank is an exclusive concept and leasing consultant to the project.

The complex is located directly on Leningradskoe highway where it enters the town on the way from Moscow.

The new shopping centre will have a number of new brands as anchor tenants that will be introduced on the local market for the first time. Amongst them is Atak supermarket, a white goods retailer as well as the first multi-screen cinema in town. Project’s total area is 19 000 sq m while the land plot area is – 0,83 Ha. Total investment volume is circa $25 million.

The first phase of the shopping centre, that will house Atak supermarket with an area of 3 200 sq m as well as a retail gallery along the tills, will open in December, 2011. The second phase opening that will feature the main retail gallery, a white goods supermarket as well as the cinema is planned at the end of February, 2012.

Surface parking designated for 400 cars will be available for visitors.

Alexander Obukhovsky, Business Development Director of the Retail Department of Knight Frank Russia and CIS: “The launch of the first professional shopping centre in the centre of Solnechnogorsk will become a truly landmark event for the town inhabitants. This would be a modern mall with famous brands where one would be able to buy clothes, shoes, any necessities as well as generally have fun. We are quite certain that this project will be successful and attractive for shoppers and tenants alike. This project will benefit from its location in the close vicinity of the highway linking Moscow and Saint-Petersburg being a first stop on the way where traffic eases up, therefore, the project’s shops and restaurants will be popular amongst drivers and locals alike”.

Rextal Group has been working on the Russian market for over 10 years. The company is well diversified with the project, construction, manufacturing as well as maintenance departments within its structure that allows it to offer a comprehensive set of construction and assembling services along with the further management of the completed properties.