PRESS RELEASE
Kiev, June 6th 2013
MULTI DEVELOPMENT’S FIRST SHOPPING CENTRE IN UKRAINE UNDER CONSTRUCTION
Multi Development Ukraine LLC will start the construction of the Forum Lviv shopping centre in the inner city of
Lviv, today. It is Multi’s first shopping centre in Ukraine and it will be one of the most prestigious retail projects in the
country. Multi is developing Forum Lviv together with two experienced Ukrainian real estate partners, Galereja Centre
and Bud House Group. Forum Lviv covers an area of 69,000 m2 with retail, restaurants, entertainment, a cinema and an
underground car park. The EBRD (European Bank for Reconstruction and Development) and UniCredit are responsible for
financing the construction of the project. The opening of Forum Lviv is planned for the first quarter of 2015.
‘We are proud to partner with Multi, assisting its entry to the regional city of Lviv, and to revitalise and regenerate the
former industrial brown-field site in the heart of the city. Forum Lviv will represent a substantial investment into the
revitalization of the city centre, creating a new commercial and recreational focus point in the city and stimulating
further investment in Lviv’, said Claudia Pendred, Director Property and Tourism at EBRD.
Forum Lviv
Forum Lviv is being built in the centre of the city, within walking distance of the main square and the famous opera
house. The building will have four levels: an underground parking area, two levels with shops, and the top level with a
cinema, a leisure centre and restaurants with an outdoor terrace. This terrace offers magnificent views over the city.
Multi has already leased more than 70% of the shop units to major Ukrainian retailers such as Amstor (supermarket),
Comfy (electronics), Brocard (perfumes) and international retailers including Reserved, Marc O’ Polo, Ecco, Geox,
Timberland, Pandora and Urban United. Lease agreements have recently been signed with Igroland (children’s
amusement centre) and Planeta Kino (cinema). The underground car park with 620 spaces is the first large-scale parking
infrastructure in the centre and thus a first for Lviv.
Lviv
Lviv, which lies near to the Polish border, is the cultural and economic centre of Western Ukraine. The city has more than
700,000 inhabitants and plays an important regional role. The centre was incorporated into the UNESCO World Heritage
List in 1998 and dates mostly from the Habsburg period. Lviv is increasingly popular with tourists, also due to the
successful organization of Euro 2012 in the city.
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‘Multi’s first shopping centre in the Ukraine is the result of the dedication and commitment of our team, our Ukrainian
real estate partners and the financiers. We consider it a privilege that our first project in the Ukraine is in the beautiful
city of Lviv. The development has had a long lead time and the start of construction is an important step forward for
Multi Ukraine. The fact that more than 70% of the retail space is already leased confirms that we were right to have
confidence in our project’, said Heino Vink, Multi Corporation CEO.
Design
Multi’s in-house design group, T+T Design, is responsible for the design, while the Lviv office of architectural firm
Tebodin is responsible for the technical execution. The architecture is characterized by a harmonious balance of
historical and modern elements, respecting the character of the city of Lviv. In addition, solutions were found to
incorporate the shopping centre within the existing street plan and to strengthen pedestrian routes in the city centre. In
this way, the shopping centre will play an important role in promoting development in the surrounding area.
Sustainability
The development of Forum Lviv will transform what was previously an industrial area into an attractive shopping
location. This is important in helping to revitalize the city centre, strengthening customer flows and spending. Forum
Lviv will create over 800 permanent fulltime jobs, thus making an important contribution to employment in the area.
Multi aims to obtain BREEAM certification for every project. For this reason, Multi is using the services of Key Group to
lead the design and construction process, so that Forum Lviv will be the first project in Ukraine to be attributed with a
BREEAM certificate.
Profile Multi Development Ukraine LLC
Multi Development Ukraine LLC is part of Multi Corporation, one of the largest companies in Europe, Turkey and Brazil
in the field of investment, development and operation of shopping centres, multi-functional projects and inner-city
redevelopments. Multi’s projects are not only innovative and sustainable, but are often the catalyst for economic growth
and social regeneration of cities and regions.
Since its foundation in 1982, Multi has been responsible for more than 170 projects and is active in 14 different
countries.
www.multi.eu
Profile Galereja Centre
Galereja Centre is a private investment and development company with various ongoing projects
in commercial real estate in Lviv and Western Ukraine. For the past 12 years, Galereja Centre
has been developing both its own projects and joint projects in cooperation with Ukrainian
and international parties, providing services to investment, development and construction
companies.
www.galereja.com.ua/en
Profile Bud House Group
Bud House Group is an investment and development company from Kiev, founded in 2006.
The number of employees currently stands at about 200 people. Today Bud House Group
stands as the owner and the developer of shopping centers in cities such as Kyiv, Kherson,
Cherkasy, Odessa, and Kharkiv.
http://bhg.kiev.ua/
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Profile EBRD
The EBRD, owned by 64 countries and two intergovernmental institutions, supports the
development of market economies and democracies. The EBRD is the largest financial
investor in Ukraine. As of 31 March 2013 the Bank had committed over €8.63 billion
(US$ 11 billion) through 337 projects in Ukraine.
www.ebrd.com
Profile UniCredit
UniCredit is a leading European commercial bank with strong roots in 20 countries.
Our overall global network embraces approximately 50 markets with nearly 9,200 branches
and more than 152,000 employees. In the CEE region, UniCredit runs the largest and most
diversified international banking network with more than 3,600 branches. The Group operates
in Austria, Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic,
Estonia, Germany, Hungary, Italy, Latvia, Lithuania, Poland, Romania, Russia, Serbia,
Slovakia, Slovenia, Turkey and Ukraine.
www.unicredit.ua
Editor’s Note, not for publication:
For more information or images, please contact:
Multi Corporation bv
Ellen van der Feltz, Communication Manager
T: +31 (0) 182 690 900
E: evdfeltz@multi-development.com
Multi Development Ukraine LLC
Arvid Krechting, Project Manager
T: +38 044 220 06 70
E: akrechting@multi-development.com
Click link below to download image
http://goo.gl/ySVE6
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POLAND | PORTUGAL | SLOVAKIA | SPAIN | SWITZERLAND | TURKEY | UKRAINE | UNITED KINGDOM