C&W/S&R appointed to lease Solnechniy Retail & Entertainment Centre in Ufa

14 Aug, 2008, Russia

Cushman & Wakefield Stiles & Riabokobylko (C&W/S&R), the Russian office of the world’s largest privately held global real estate services firm, has been retained by “SMU “StroiProektCenter” LLP as exclusive marketing and leasing agent for the new retail and entertainment centre that carries the working name of “Solnechniy” (“Sunny” in Russian) in Ufa - the capital ofthe Russian republic of Bashkortostan.

Solnechniy Retail and Entertainment Centre is located on Ufa’s Prospekt Salavata Yulaeva near the city’s new high-speed thoroughfare and in a new suburb where a significant number of apartment buildings, an aquapark, hotel and sports facilities are planned for construction.

Information on “Solnechniy”:

Total area of complex – 100, 000 sq. m (Phase I– 47, 200 sq.m, Phase II – 45, 300 sq.m);
Total leasable area – 70,000 sq. m.;
Solnechniy Retail and Entertainment Centre will contain: a hypermarket, multiplex, sports shops, shopping gallery, bowling alley, children’s entertainment centre and food court;
Parking for 1,400 cars;
Developer - “SMU “StroiProektCenter” LLP;
Project Company – “Orimeks-Suvar” LLP;
Marketing and leasing agent - Cushman & WakefieldStiles & Riabokobylko;
Opening schedule: Phase I – Q4 2008, PhaseII- 2011.

Vsevolod Spivak, Deputy General Director, “SMU “StroiProektCenter” LLP : “Solnechniy Retail and Entertainment Centre is a landmark project for Ufa and we extremely pleased have the market’s top professionals on board. We are particularly proud to have as one of its participants leading global real estate consultants Cushman & WakefieldStiles & Riabokobylko who have at this point finished work on the financial and commercial concept of Phase II and are providing brokerage services for Phase I. The concept for Solnechniy’s Phase II architecture has been worked out by the firm Chapman Taylor, while Engineerings is in charge of optimising the project’s operating processes andSCGLondon - for Solnechniy’s brand, including brand recognition and brand positioning.”

Sergei Zur, senior consultant, Retail Services, C&W/S&R: “Solnechniy’s advantageous location in close proximity to high density areas will ensure the centre’s popularity and footfall. Ufa is a city with a population of over 1 million people that lacks contemporary high-quality entertainment centres. As such, we are confident that Solnechniy will prove extremely popular among the residents of these areas and the whole city both for shopping and for family leisure”.

For more information please contact:

Maria Skalkina

PR & External Communications Manager

+7 (985)7637742 mobile

Notes to Editors:

Cushman & Wakefield is the world's largest privately held commercial real estate services firm. Founded in 1917, it has 221 offices in 58 countries and more than 15,000 employees. The Russian office has over 300 staff members. The firm represents a diverse customer base ranging from small businesses to Fortune 500 companies. It offers a complete range of services within four primary disciplines: Transaction Services, including tenant and landlord representation in office, industrial and retail real estate; Capital Markets, including property sales, investment management, valuation services, investment banking, debt and equity financing; Client Solutions, including integrated real estate strategies for large corporations and property owners, and Consulting Services, including business and real estate consulting. A recognized leader in global real estate research, the firm publishes a broad array of proprietary reports available on its online Knowledge Center at www.cushmanwakefield.com.

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