Angel Europe to build Ukrainian malls

Angel Europe aims to roll out malls across Eastern Europe, including in Russia and Romania.

By SETH FREEDMAN
August 2, 2006 07:30

 
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In line with its Eastern European strategy released last week, Angel Europe announced Tuesday that it plans to construct two shopping malls in the Ukraine - one each in Odessa and Mikoliev. To facilitate the plans, two companies will be formed, of which Angel Europe expects to hold 77.2% of the shares in each. Each company will be responsible for one mall. The building in Odessa will be 48,000 square meters and the building in Ukraine 35,000 square meters. Angel Europe aims to roll out malls across Eastern Europe, including in Russia and Romania.

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