South West | Tourism, recreation

Developer Inprom Estate in $115m Taganrog mall plans

14 Oct '08
Taganrog-based developer Inprom Estate has announced $115m plans to build a shopping mall in Taganrog, Rostov region.

But the firm is still in negotiation on a Sberbank loan to finance some 70-80% of the project's cost, the firm admitted.

The mall, to be named Marmelad, is to be built on a 2.5-hectare site, rented by the company for 49 years.

Under plans, the 81,360-square-meter mall would have stores, a cinema, bowling alley, kids playground, skate rink and parking lot for 620 cars.

The mall is scheduled to open in 2010.
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