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News Release

Warsaw

Grand opening of King Cross Leopolis – the first entertainment and shopping centre in Lviv and one of the largest in the Eastern European region


Warsaw, 19 May 2010 – King Cross Leopolis, the first shopping & entertainment centre in Lviv (western Ukraine) has been officially opened. It is a 50 000 sqm (GLA) shopping centre which offers approximately 230 shop units and 2,400 parking spaces.

Aleksandra Bagdzińska of Jones Lang LaSalle, the international real estate agency, which supported King Cross in the leasing process said: “Despite the challenging times of the world economic crisis, the commercialization process proved to be very successful and the centre attracted many well known international and national brands. The huge potential of King Cross Leopolis comes from the fact that it is a multifunctional, regional shopping centre with large variety of brands and wide entertainment offer (ice skating ring, cinema multiplex, kids play, bowling) and with a catchment area of 1.5 million residents. Additional strength of the centre is King Cross - a trustworthy developer with proven track record worldwide.”

Bagdzińska added: “Currently we observe more selective approach from retailers - they develop with caution giving preferences to the best commercialized shopping centres as Leopolis that will guarantee them successful performance.”

Marcin Trybus from King Cross said: “King Cross Leopolis may be considered as first commercial centre in Ukraine that can guarantee the same level as modern commercial centres all over Europe. This fact as well as the fact that King Cross Leopolis is managed by King Cross itself like all our other previous investments is really appreciated by many international and Polish retailers who choose it as first step in their expansion in Ukraine. Moreover, taking into account nearly 3 hectares adjacent to the commercial centre possessed by the developer and 20.000 additional GLA to be built there, King Cross Leopolis will remain the biggest in entire region.” 

Two levels of King Cross Leopolis are anchored by Praktiker DIY (8,100 sqm), Auchan hypermarket (13,250 sqm), Imax multiplex (3500 sqm), Foxtrot white and brown store (4200 sqm), Inditex group (Zara, Stradivarius, Bershka, Pull & Bear), Marks&Spencer, Terranova, Reebok, Reserved, Antoshka, Adidas, Motivi, Cropp Town; Kakadu; Brocard, Inglot and Triumph. The centre is located in Lviv in one of the largest housing estates of the city.