Investments in shopping mall covering an area of 65 thousand square meters in Ufa will be 60 million euros

The volume of investments in the commercial and entertainment centre covering an area of 65 thousand square meters, which plans to build a company "Union Property Development" in Ufa, will amount to 60 million euros, told RIA Novosti on Friday, a representative of the press service of the company Jones Lang LaSalle (JLL), an agent for marketing and leasing project.

As stated in the press release, the JLL project is funded by the private European investors.

TRADE CENTER "Arcade" with total area of 65 thousand square meters and a rented area of 45 thousand square meters will be built in the Centre of UFA on the street Minnigali Gubajdullina, and the opening of the shopping center is scheduled to begin in the fourth quarter of 2013, stated in the message.

It also underlines that this mall will be the first project on the commercial real estate market in Russia the company "Union Property Development", established in the year 2010.

"Union Property Development " is a Russian subsidiary company structure Was Group. The company specializes on development and investment in commercial real estate in emerging markets. A developer team from Austrian company Meinl European Land, which was released on the Russian real estate market in 2004 year. "Union Property Development " is the choice of sites for the construction of shopping centers, project development, construction, rental and Office ready objects.

Topic: CENTER "Arcade", RIA, JLL, TRADE, UFA