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M.Video and Eldorado opening in OZ MALL

Jones Lang LaSalle announces signing of lease agreements with new anchor tenants
Jones Lang LaSalle announces signing of lease agreements with new anchor tenants

August 08, 2011, 14:43 (PX Newswire)

Moscow-Krasnodar, 8 August 2011 – Multifunctional shopping and entertainment centre located in Krasnodar welcomes two new shops of Russia’s leading home appliances and electronics chains: M.Video (2,440 sq.m.) and Eldorado (2,520 sq.m.). They will occupy the area on the second floor and their concept will be adapted to OZ Mall lifestyle format - unique both for Krasnodar and Russia. New stores will be opened in Q4 2011 with the whole shopping centre.

Alexandra Chirkaeva, Associate Director in Retail Department, Jones Lang LaSalle, said: «Signing of such strategic agreements means that OZ MALL is now completely occupied by anchor tenants. This case will be extraordinary – two large B&W operators located side by side. It confirms their absolute assurance of project’s success».

Viktor Boyarkin, Director of Retail Department, Eldorado: «The concept of OZ MALL is close to the renewed style of Eldorado – it was one of the reasons for us choosing exactly this mall. Lifestyle format, client-servicing approach, wide choice – these are the main retail trends at the moment».

Pavel Breyev, Vice President & Expansion Director, M.Video: «We always choose the space for our new hypermarkets with maximum diligence to meet all our clients’ requirements, concerning not only the range of goods but the shop location and service as well. OZ MALL is in absolute compliance with our high standards».

OZ Mall has a super regional format: not only 1.2 million people living in Krasnodar and its neighbourhood will be its potential visitors, but 5 million population of whole Krasnodarskiy region as well. OZ MALL is one of the largest shopping and entertainment centres in Europe with total area of approximately 227,000 sq.m. and leasable area of 165,000 sq. m. The anchor tenants of OZ already include kika (13,400 sq.m.), OBI (11,400 sq.m.), O’KEY (12,400 sq.m.), Decathlon (8,100 sq.m.), Endlessstory (3,900 sq.m.), TSUM Moscow (9,700 sq.m.), bowling (36 lanes) and Kronverk Cinema (10 screens) - 10,000 sq.m.. OZ Mall is being developed by AIM Property Development and exclusively leased by Jones Lang LaSalle.

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Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2009 global revenue of $2.5 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 149 million square meters worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with approximately $40 billion of assets under management.

In Russia and CIS Jones Lang LaSalle have offices in Moscow, St. Petersburg, Kiev and Almaty. Jones Lang LaSalle, Russia was voted Consultant of the Year in 2004, 2006, 2007, 2008, 2009 and 2010 at the Commercial Real Estate Awards, Moscow and Consultant of the Year at the Commercial Real Estate Awards 2009, St. Petersburg. For further information, please visit our Web site http://www.joneslanglasalle.ru

Eldorado is the largest Russian retail chain of electronics and domestic appliances with the largest geographic coverage. The chain has stores in every Russian city with a population of over 500,000 and in 92% of cities with 250,000-500,000 inhabitants. Eldorado offers the best decisions of the best brands at the best prices, helping its customers make their life more comfortable and. modern.

M.video is one of the leading Russian consumer electronic retail chains with turnover 102 billion roubles in 2010 (including.VAT), the total retail revenue increased by 23% versus 2009. M.video runs 230 stores in more than 100 Russian cities and has over 15, 000 employees. M.video is the first publicly traded company in the domestic consumer electronic retail sector whose shares are traded on both Russian RTS and MICEX (ticker: MVID).

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