OREANDA-NEWS. March 4, 2010. Sistema-Hals (LSE, MICEX, RTS: HALS), a leading diversified company in the Russian and CIS real estate market, and Apsys Group, one of the leading European companies engaged in development and management of retail real estate assets, announce leasing of 3,100 sq. m in shopping center LETO (Saint Petersburg) to one of the largest anchor tenants - Inditex Group. Inditex will suit in LETO such significant brands as ZARA, Stradivarius, Pull&Bear and Bershka. The leasing period is 20 years.

"LETO shopping center continues to gather the brightest and most popular brands under its roof. The fact that Inditex Group has joined LETO tenants clearly demonstrates the quality and future success of our shopping center No doubt it will attract Northern capital customers to new shopping center", - says Alexandra Kart, Director of Retail Real Estate Department of Sistema-Hals Сompany.

Sistema-Hals and Apsys are building shopping center LETO with approximately 114,000 sqm GBA (about 80,000 sq. m.GLA) The outdoor parking is designed for 3,200 lots. LETO is ideally located in the actively growing and developing part of Saint Petersburg at the crossroad of Pulkovskoye Highway and the City Circle Highway (KAD).

70% of GLA of the shopping center has already been leased. The Grand Opening of LETO is estimated in autumn 2010. The key anchor retailers of LETO are also Auchan on circa 11,600 sq. m, Media Markt on circa 6,000 sq. m, H&M on circa 1,700 sq, as well as New Yorker, Reserved and other leading international tenants. Exclusive marketing and leasing agent for LETO is Apsys Rus in partnership with Jones Lang LaSalle.