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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Arricano Real Estate Plc | LSE:ARO | London | Ordinary Share | CY0102941610 | ORD EUR0.0005 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.25 | 0.15 | 0.35 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMARO
RNS Number : 0509F
Arricano Real Estate PLC
25 July 2016
25 July, 2016
Arricano Real Estate plc
("Arricano" or the "Company" or, together with its subsidiaries, the "Group")
Q2 2016 Trading Update
Arricano is pleased to announce the following trading update for Q2 2016, during which retail vacancy rates reduced across its portfolio of five shopping malls when compared to the same date in 2015:
Shopping Mall Vacancy as Vacancy as Vacancy as at at 30 June at 30 December 30 June 2015 2016 2015 -------------------- ------------ ---------------- -------------- Prospect Shopping Mall, Kyiv 2.94% 7.00% 23.99% -------------------- ------------ ---------------- -------------- RayOn Shopping Mall, Kyiv 1.5% 3.53% 2.19% -------------------- ------------ ---------------- -------------- Sun Gallery, Kryvyi Rih 2.67% 2.32% 4.27% -------------------- ------------ ---------------- -------------- City Mall, Zaporizhzhia 0% 0% 0% -------------------- ------------ ---------------- -------------- South Gallery, Simferopol, 5.18% 4.91% 9.79% -------------------- ------------ ---------------- --------------
In Q2 2016, Arricano leased 4,248 sqm of retail space, of which 748.5 sqm were lease extensions. In total 40 new lease agreements were signed of which 28 brands were new to Arricano including LC WAIKIKI, New Balance, Brocard, US Kids and iDO.
Anna Chubotina, Director of Arricano's Retail Areas Department, commenting on tenant mix said: "It is important for us to have a dynamic pool of tenants that is developing, changing, and improving, so that a broad and current range of retail operators are represented, adding to the visitor appeal of the Malls and creating a vibrant atmosphere."
Mykhailo Merkulov, General Director of Arricano Real Estate Plc, said "Q2 has been a good period for the Company as demonstrated by the increase in the number and quality of the tenants seeking space in our portfolio of Malls. Going forward our plans include the development of shopping malls in line with the corporate strategy, improvement of the tenant mix, and further implementation of the projects focused on upgraded services business model."
For further information, please contact:
Arricano Real Estate plc Tel: +380 44 569 Mykhailo Merkulov 6708 Financial PR Tel: +44 (0)20 3151 Novella 7008 Tim Robertson/Toby Andrews Nominated Adviser and Joint Tel: +44 (0)20 7131 Broker: 4000 Smith & Williamson Corporate Finance Limited Azhic Basirov / David Jones Joint Broker: Tel: +44 (0)20 7087 Whitman Howard Limited 4555 Ranald McGregor-Smith
This information is provided by RNS
The company news service from the London Stock Exchange
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(END) Dow Jones Newswires
July 25, 2016 02:00 ET (06:00 GMT)
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