OREANDA-NEWS. December 20, 2007. XXI Century Investments Public Limited (LSE: XXIC), one of Ukraine's leading real estate investment, development and property management companies, on December 20 announced that it had received a construction permit for the Kvadrat-Myloslavska shopping centre in Kyiv.
 
The Company is on track with the development of the Kvadrat-Myloslavska project, with construction works scheduled to start in the first quarter of 2008. The opening of the project is expected late in 2009.
 
Once completed, Kvadrat-Myloslavska is expected to be the second hypermarket-gallery style shopping centre completed by XXI Century Investments in Kyiv. The total area of the shopping centre is expected to amount to approximately 54,000 sq. m., with GLA of approximately 34,500 sq. m. In addition, it is planned that the complex will include multi-level parking for 1450 cars.
 
The commercial concept of the Kvadrat-Myloslavska shopping centre was developed by Colliers International. The two-storey shopping centre is expected to include a 10,000 sq. m. hypermarket, a gallery of more than 120 shops and approximately 9,500 sq. m. of entertainment facilities.
 
The company is in advanced stages of negotiation with potential anchor tenants who are interested in leasing space in hypermarket-gallery style modern shopping centres across the country. These negotiations involve an international hypermarket chain, operators of cinema theatres and ten-pin bowling clubs, home electronics supermarkets, large-scale goods for children stores, food court operators and other potential tenants, all of which are major nation-wide chains.