The leading Ukrainian developer of shopping centers Arricano Real Estate PLC (Cyprus) paid UAH 81.6 million in taxes and fees to budgets at all levels in the first half of 2024, and transferred more than UAH 2.5 million in charitable assistance, the company's press service reports.

“Despite the pressure of law enforcement agencies on the business of Arricano Real Estate PLC in Ukraine during 2023-2024, the leading developer of shopping malls does not lose faith in justice and the victory of Ukraine and continues to reinvest in the development of its four shopping malls, the restoration of the Sun Gallery shopping mall (after the missile strike) and the construction of the Lukianivka shopping mall, work in frontline cities, create jobs and pay taxes and fees to the state budget of Ukraine,” the company said in a press release.

It is noted that the group's companies continue to systematically support the defense forces of Ukraine and help the military, charitable foundations and public organizations. Since the beginning of the year, financial assistance exceeded UAH 2.5 million.

Investments in the renovation of frontline shopping malls and the restoration of the Sun Gallery shopping mall, damaged as a result of a missile strike on Kryvy Rih in January 2024, today amount to about UAH 51 million. The press release emphasizes that it was possible to resume the work of some stores and establishments of the shopping center in less than a month. Currently, 74 operators work in the shopping center, and this number continues to grow.

In the first half of the year, 84 stores and establishments with a total area of 25,400 square meters were opened and renovated in Arricano shopping centers.

As reported, on June 17, 2024, at the request of the prosecutor of the Kyiv Regional Prosecutor's Office, the investigator-judge of the Solomiansky District Court of Kyiv seized the accounts of Prizma Alfa LLC and PrJSC Livoberezhzhiainvest, which manage the CITY MALL shopping center (Zaporizhia) and the RayON shopping center. Later, on July 25, 2024, the Solomiansky District Court of Kyiv decided to cancel the seizure of the RayON shopping center, imposed in October 2023, recognizing the prosecutor's arguments as insufficient.

Arricano Real Estate Plc (Cyprus) specializes in the construction of shopping and entertainment centers and is one of the leading developers in the Ukrainian real estate market. It owns and manages five shopping centers in the country with a total area of 147,600 square meters, including RayON and Prospekt in Kyiv, Sun Gallery in Kryvy Rih, and City Mall in Zaporizhia. The company also owns 49.9% in the Sky Mall shopping center (Kyiv) and land plots for the further construction of three facilities that are at the design stage. The company is also constructing the Kyiv shopping and entertainment complex Lukianivka.