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C&W/S&R Secure over 60 Luxury Retailers for Lotte Plaza
23 Aug, 2007, Moscow
Real estate advisers Cushman & Wakefield Stiles & Riabokobylko (C&W/S&R) acted as exclusive agent for the South Korean company Lotte Group in securing over 60 luxury and premium tenants for all 8 floors of high-end retail space in Lotte Plaza.
Lotte Plaza Moscow is a 21-storey mixed-use building containing 22,000 sq m of office space, over 18,000 sq m of premium retailing, and a 60,000 sq m 5 star hotel (scheduled to open in 2008) and is located in the heart of Moscow, 1,4 km from the Kremlin at the junction of Novy Arbat and the Garden Ring.
The official opening of Lotte Plaza is due to take place on September 1, 2007.
Retail tenants in Lotte Plaza include Mercury (Prada, YSL, Gucci, D&G, Jimmy Choo, Miu Miu, Mulberry, Balenciaga, Chloe, Baccarat, etc), Crocus International (Emanuel Ungaro, Nina Ricci, Sergio Rossi, Plein Sud, Paul Ka, Les Copains, J Lo, etc), Zara, the luxury supermarket Azbuka Vkusa, Fashion Café and many others.
Kim Sun-Kwang, President of Lotte Shopping Rus said: “We are extremely proud that Lotte Group’s first venture in Russia will house such a wide range of well-known brands under one roof and we hope that Lotte Plaza will become the most desirable luxury and premium shopping destination in central Moscow.”
Anna Shchapova, Senior Consultant, Retail Department C&W/S&R, commented: “Lotte Plaza is fast becoming a landmark in central Moscow and a much sought-after base for flagship stores. We believe that the unprecedented in Russia 8-floor luxury and premium shopping experience proves the growing demand for high-end retail in this increasingly dynamic market.”C&W/S&R also represented tenants in leasing out 3 floors of office space in Lotte Plaza.