OREANDA-NEWS. XXI Century Investments, one of Ukraine's leading real estate investment, development and property management companies,  announced that it had signed a pre-lease agreement with X5 Retail Group, the press service of XXI Century reports.
 
X5 Retail Group N.V., the largest food retailer in Russia in terms of sales, will lease 4,200 sq. m (over 20% of GLA), in XXI Century's new shopping centre Kvadrat Perova. The agreed monthly rate reflects the quality of the shopping space and the attractive location of the centre.
 
X5 Retail Group will be represented by the Perekrestok supermarket brand. The tenant has started the necessary work to prepare the store for opening and to adjust the premises to the group's internal technological requirements.
 
XXI Century has pre-leased more than 90% of the GLA to well-known and established foreign and local tenants, including Odesa-Kino (cinema operator), LOTTO, COLINS, SACH, H&M, OGGI, Intertop, SELA, Monica Ricci, VD One, EFFIGY, ANTONIO BIAGGI, and others. The average monthly rate based on the signed pre-lease agreements is estimated at approximately US$42 per sq. m. The GLA of Kvadrat Perova is approximately 19,100 sq. m.
 
The opening of Kvadrat Perova is scheduled for the first quarter of 2008.
 
XXI Century continues negotiations with X5 Retail Group regarding pre-leases in other Kvadrat shopping centres and further cooperation between the companies in Ukraine, in general.