In 2026, the shopping and entertainment center plans to implement a package of changes aimed at enhancing the asset’s competitiveness and improving the efficiency of its leasable space.
According to Lavina Mall CEO Dmytro Lashyn, the budget for capital upgrades under the project has increased by 25% compared to the previous year. While the total investment amount has not been disclosed, the mall confirms that the modernization program covers both infrastructure and commercial areas of the complex.
Back in 2025, Lavina Mall invested in a solar power plant, strengthening the asset’s energy independence amid wartime risks and unstable power supply. In addition, new service infrastructure elements were introduced, including family parking spaces.
The next phase of investment includes upgrading the food court, renovating sanitary facilities, creating new seating areas in the galleries, improving wayfinding, and launching new entertainment formats, including karting aimed at a younger audience. Part of the work is being carried out by the developer’s in-house team, including construction and repairs, allowing for partial cost control.
According to estimates by CCG Development, cosmetic renovation of shopping mall galleries costs about $600 per sq. m, upgrades to food courts and restrooms range from $900 to $1,100 per sq. m, while modernization of exterior appearance and engineering systems can reach $1,400–1,600 per sq. m. The most capital-intensive areas in shopping centers remain common areas, where upgrades typically include not only design improvements but also ventilation, electrical systems, water supply, sewage, and fire safety systems.
Lavina Mall expects part of the investment to generate a rapid operational effect. In particular, after the upgrade, the number of seats in the food court is expected to increase by around 30%, which could potentially boost tenant revenue in this area and improve the shopping center’s profitability.
Lavina Mall’s modernization reflects a broader trend in the commercial real estate market, where owners of large shopping centers are investing not only in asset maintenance, but also in rethinking their function — from traditional shopping destinations to multifunctional spaces for leisure, dining, and services.
