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. Last Updated: 07/27/2016

Mega Mall to Debut in Ukraine

MTIKEA has two malls near Moscow.
Swedish furniture giant IKEA announced Thursday that it would invest more than $300 million into construction of its first project in Ukraine.

The 170,000-square-meter Mega Mall will be located on 49 hectares on Boryspil Road in Kiev and will feature an IKEA store, a Ramstore supermarket and an OBI do-it-yourself store. It will be five times the size of Ukraine's largest existing shopping center.

The Moscow office of Colliers International is serving as project's exclusive consultant.

IKEA has 211 stores in 32 countries, including four in Russia -- two in Moscow, one in St. Petersburg and one in Kazan. The Mega Mall concept, which includes numerous tenants in addition to an IKEA store, was first tested in Moscow with the opening of the 150,000-square-meter Mega Tyoply Stan in December 2002.

The 230,000-square-meter Mega Khimki, Russia's largest shopping mall, was opened in December 2004.