The Arricano Group of Companies in Ukraine (hereinafter referred to as Arricano), a leading developer of four shopping complexes (TRC "Prospect," TRC "RaiON," TRC "Sunny Gallery," TRC City Mall), has paid 205.9 million UAH in taxes to the state budget at all levels and has allocated over 4.2 million UAH for assistance to the Armed Forces of Ukraine and charitable causes, reported the press service of the group.
"Despite the pressure from law enforcement agencies in Ukraine on the Arricano Group and its employees in 2024, as well as the consequences of the armed aggression by the Russian Federation, we continued to operate effectively. It was crucial for the group to not only ensure the stable operation of all TRCs but also to fulfill social functions and develop wherever possible," noted Anna Chubotina, CEO of LLC "Arricano Real Estate," whose words are cited in the press release.
It is highlighted that the group also invested 66.7 million UAH in the restoration of TRC "Sunny Gallery," which was damaged by a missile strike in the city in January 2024.
"It was very important for us to restore TRC 'Sunny Gallery' as quickly as possible after the damage and to resume its full operation, as we understood the significant social function of this facility and the importance of our promptness for our partner tenants," emphasized Chubotina.
Arricano enhanced the tenant mix of TRC "Sunny Gallery" in Kryvyi Rih and TRC CITY MALL in Zaporizhzhia by bringing in a market leader in FMCG - the supermarket "Silpo," and attracted new domestic and international operators, including Sinsay, Diverse, Broxci, and others. In total, 35 new stores and establishments with a total area of nearly 23.3 thousand square meters were opened in TRCs during 2024.
The average vacancy rate in the Arricano Group's TRCs at the end of 2024 was less than 5%, with some properties, such as TRC "Prospect," having a 0% vacancy rate.
At the end of the year, all TRCs of the group welcomed over 21 million visitors compared to 23 million in 2023.
Arricano Real Estate Plc specializes in the construction of shopping and entertainment centers and is one of the leading developers in the Ukrainian real estate market. Through its Ukrainian subsidiaries, it owns and manages four shopping centers with a total area of 147.6 thousand square meters: "RaiON" and "Prospect" in Kyiv, "Sunny Gallery" in Kryvyi Rih, and City Mall in Zaporizhzhia. The company also owns 49.9% of the Sky Mall shopping center (Kyiv) and land plots for the future construction of three projects currently in the design stage. The company is also constructing the Kyiv TRC Lukianivka.