The project is one of the largest shopping centres in the city and also the largest new retail project to be launched in recent years.Okhta Mall project, implemented by SRV in cooperation with the Finnish investment fund Russia Invest, is one of the largest shopping centres in St. Petersburg and also the largest new retail project in the city to be launched in recent years. The leasable area is total of 78,000 square metres, totalling 140,000 square metres.
Construction work on the shopping centre, a total investment of approximately EUR 200 million, began in autumn 2013. Its modern Scandinavian design was developed by the Finnish architectural bureau, L’Architects Ltd. The main concept of the project has been to adhere to the principles of sustainable development and enable the shopping centre to become the first in Russia to receive a LEED GOLD certificate. The final decision on the granting of the certificate will be made in September. The facility includes two underground levels, which include parking for approximately 700 cars and a hypermarket, and four above-ground stories, which will house over 250 shops with international and Russian brands.
Okhta Mall has been implemented by the SRV Group and the Finnish investment fund Russia Invest, which SRV owns together with other Finnish investors, including Ilmarinen, Sponda, Etera and Onvest. SRV, Ilmarinen and Sponda each own 27% of Russia Invest, Etera 13% and Onvest 6%. SRV’s direct ownership of the Okhta Mall project is 45% and Russia Invest’s 55%.
More than half of the leasable area is occupied by anchor tenants, the largest international and Russian retailers, such as Lenta, who opens their first flagship store in Okhta Mall. The most famous international and Russian brands include H&M, Koton, Decathlon, LC Waikiki and Tom Tailor. The Italian brand Terranova and French operator Kiabi will also open their first stores in the city in Okhta Mall.
Over 16% of the total area is given over to forms of entertainment. More than 7,000 square metres are occupied by the flagship cinema chain, KARO, while the family activity park Joki&Joya occupies more than 2,000 square metres, and approximately 1,700 square metres house the city’s first trampoline park, Razgon.
The food court in Okhta Mall includes cafes and restaurants with various concepts, including a family restaurant of over 1,000 square metres, Chaikhana Pahvala, which has a delightful summer terrace. The Children’s goods and shops - area offer a wide range of children’s clothing such as Daughters and Sons, H&M, LC Waikiki, Kiabi, Koton, Gloria Jeans and Decathlon.
Around 1,000 square metres are occupied by Okhta LAB – the first cultural and educational space in a shopping centre in Russia, which will host leading projects in the sphere of education, art, science and business. It will house a branch of one of the oldest libraries in St. Petersburg, the Mayakovsky Central City Public Library, as well as an area for public speeches and discussions on relevant topics by celebrities, experts and leading speakers, along with exhibition space and a co-working area.