Siberia | Retail, FMCG | Real estate

OKeys $14.7m Omsk shopping mall posted

15 Apr '09
St. Petersburg based retailer OKey intends to build a $14.7m shopping and entertainment mall in Omsk, Valentin Frenzel representing the project investor, Luxemburgs Dorinda Holding S. A., said today.

The 12,000-square-meter project reportedly has four-year payback.

According to Mr. Frenzel, Dorinda Holding S. A. has long-term plans to build two hypermarkets in each of the Russian cities with population of more than 1 million.

Construction of the OKey Omsk mall will reportedly kick off in the fall of 2009 and is to be completed in Q4 2010.

OKey is a nationwide retail chain currently running 43 hypermarkets throughout Russia.
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Locations: Omsk; Omskaya oblast

Tags: hypermarket (95) / O'Key (4) / shopping mall (24) / Valentin Frenzel (0) / Dorinda Holding S.A. (0) /

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