Epicenter-K has invested more than $200 million in Ukraine since the beginning of the war

Epicenter-K has invested more than $200 million in Ukraine since the beginning of the war

Since the beginning of the war, DIY retailer Epicenter-K has invested UAH 7 billion in the development of retail real estate

“The first days of the war gave us a clear understanding that people need us. This gave us confidence that we can further develop and invest. Despite significant losses, Epicenter-K last year opened two new shopping centers in Kiev and Lviv and renovated two existing shopping centers (in Ivano-Frankivsk and Obolon), and the total investment amounted to almost UAH 7 billion. Today we are working on the construction of a new shopping and entertainment center in Bucha on the site of the city destroyed during the Russian occupation. In general, the company's plans provide for investments not only in the development of retail, but also in logistics, the agricultural sector, and production,” the acting director said. Retail Director of "Epicenter-K" Dmitry Tanko.

Investments of Epicenter-K in the shopping and entertainment center in Lviv (90 thousand sq. m) amounted to about UAH 2.9 billion, in Kiev (Dniprovska embankment, 30 thousand sq. m) - UAH 1.8 billion.

Renovation of the shopping and entertainment center in Bucha involves not only a significant increase in the facility (from 20,000 sq. m. to almost 100,000 sq. m.), but a completely new format with underground parking and dual-use premises, solar panels on the roofs, etc. Approximate investments - about UAH 7 million. According to a similar concept, with the expansion of the area by several times (up to 95 thousand square meters) with increased requirements for security, comfort, inclusiveness and energy efficiency, another complex is being reconstructed in the suburbs, in Chabany. Approximate investment is about UAH 6.3 million.

Work has already begun. In Bucha, the demolished structures are now being dismantled, and reconstruction is already underway in Chabany. According to plans, the opening of both malls is planned for next year. These will be samples of shopping malls of new formats.

Also in 2023, Epicenter-K will reconstruct about ten more facilities in the capital and the region, Kharkiv, Kremenchug and other cities.

Epicenter K was founded in 2003 when it opened its first hypermarket in Kyiv. Today, it develops the country's largest network of shopping centers "Epicenter", which is the market leader in the segment of retail trade in goods for home and repair. It is part of the Epicenter K group of companies, which also develops an online store with the Epicentrk.ua marketplace, the New Line hypermarket chain, Intersport sporting goods, 4F and The Athlete`s foot (TAF), as well as the Epicenter Agro agricultural company, plants for the production of ceramic tiles and porcelain tiles Epicentr Ceramic Corporation and "Karpatskaya Keramira", woodworking enterprise CSM "Osmoloda"

Prior to the full-scale invasion of the Russian Federation into Ukraine, the Epicenter network united more than 80 shopping centers in all regions of the country. As a result of artillery and rocket attacks by the aggressor, a number of shopping centers were significantly damaged, and four centers in Mariupol, Kherson, Chernigov and Bucha were completely destroyed.

According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the participants of Epicenter K LLC are Alexander Gerega (51.3%), Galina Gerega (47.97%) and Tatyana Surzhik (0.73%).

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