OREANDA-NEWS. The construction works of Stockmann's Nevsky Center shopping centre in St Petersburg get under way. The 10,000-odd square metre plot that Stockmann has bought for the Nevsky Center shopping centre is located on Nevsky Prospect, St Petersburg's high street, next to the Vosstaniya Square underground station, in the immediate vicinity of Moscow Station. Stockmanns total investment in the project will be around EUR 120 million.

On the plot Stockmann will erect a shopping centre with about 100,000 square metres of gross floor space, about 50,000 square metres of which will be retail space and office premises. The shopping centre will comprise a full-scale Stockmann department store, other retail stores and an underground car park.

The construction works will be completed in autumn 2008. The interior decorating having been completed, the shopping centre is scheduled to open for public in the beginning of November 2008.