OREANDA-NEWS. September 29, 2010. Sistema-Hals (HALS), a leading diversified company in the Russian and CIS real estate market, and Apsys, one of the major European companies engaged in development and management of retail real estate assets, announce the signing of ten new lease agreements at LETO shopping center (Saint Petersburg).

Famous British department store Marks&Spencer will host 1,700 sq. m. on the second floor of the shopping center, as well as other brands like Adidas, Reebok, Rockport Orsay, Rive Gauche etc., joined the project in August.

"85% of the leasing area has already been secured at LETO shopping center. The number of agreements signed during traditionally low business activity period but extraordinary hot August demonstrates great interest in LETO shopping centre as well as confidence at the success of the project", - Teimuraz Shengelia, Vice-President - Head of Commercial Real Estate of Sistema-Hals commented.

The lease agreements at LETO shopping center have already been signed by such anchors as Auchan hypermarket on 11,600 sq. m., Media Markt for electronics goods on 6,000 sq. m., multiplex Kronverk Cinema on 4,700 sq. m., sport supermarket Decathlon on 4,200 sq. m., H&M on 1,700 sq. m., Inditex (Zara, Massimo Dutti, Pull&Bear, Bershka, Stradivarius) on 3,400 sq. m. Well-known international and Russian brands such as TopShop, TopMan, Miss Selfridge, Lady&Gentleman, New Yorker, Ann Christine, River Island, O'stin, Reserved, Cropptown, House, Mothercare, NEXT, Tatuum, Coyoco, L'Etoile, Colin's, River Island, Smyk, Nokia, Etam, Springfield, Women's Secret, etc. will be presented in LETO.

LETO with approximately 114,000 sq. m. GBA (about 80,000 sq. m. GLA) is located at the intersection of Pulkovskoye shosse and the Ring Road. The center includes a 3,200-lot parking.

Sistema-Hals and Apsys are developing LETO shopping center together. Exclusive marketing and leasing agent for LETO is Apsys Rus, in partnership with Jones Lang LaSalle.