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News Release

Moscow

New brands in "Leto" in St. Petersburg


Moscow, 22 January, 2009 – New world-famous brands such as Mothercare, NEXT, Claire’s, The Body Shop, Justice and Starbucks will now be represented in the shopping and entertainment center “Leto” in St. Petersburg, and will occupy approximately 1,000 sq m of the center. Justice and Sturbucks are brand-new to the St. Pete retail market.

Jones Lang LaSalle is the exclusive marketing and leasing agent for this project. Apsys and Sistema-Hals formed a joint venture for development of large-scale shopping centers, and “Leto” is their first project.
 
“Leto” is the first super regional shopping and entertainment center in a rapidly developing Pulkovo area in the south part of St. Petersburg. Its total area is more than 107,000 sq m with a leasable area of 79,000 sq m. The official opening of the center is planned for Q3 2009.
 
“Leto” is located in an actively developing southern part of the city on Pulkovskoye shosse, 600 meters away from the KAD. Pulkovskoye shosse runs in the Moskovsky prospect, one of the St. Petersburg main thoroughfares connecting the city center with the Pulkovo international airport.
 
The anchor tenants of the shopping and entertainment center will be a hypermarket, multi-screen cinema, sports outlets, white&brown. There will be a large number of clothes and shoe shops; accessories, cosmetics and perfumery; jewelry and home decoration stores.
 
The important component of “Leto” will be family entertainment center which will include multi-screen cinema, big entertainment complex for kids and a food court. A 1,000 sq m skating ring will become one of the competitive advantages of the center. There will also be a parking area for 3,200 cars.
 
The center has convenient transport access; with the completion of the southern part of the KAD by 2009 almost 80 percent of the territory will be within the catchment area of “Leto”. Daily traffic flow near the center is more than 100,000 cars.
 
In the next few years it is planned to build over 900,000 sq m of residential. Further development of this area envisages building of administrative and business centers and hotels.
 
Andrey Rozov, Head of the St. Petersburg Branch, Jones Lang LaSalle: «This new super regional shopping and entertainment center will become one of the most attractive places for shopping and leisure in the city. Its original design and concept as well as a wide range of the shops of famous brands, restaurants and entertainment areas will make “Leto” a landmark project of St. Petersburg retail market».
 
 
 
About Sistema-Hals
Sistema is the largest public diversified corporation in Russia and the CIS which manages fast growing companies operating in the consumer services sector and has over 100 million customers. Sistema develops and manages market-leading businesses in selected service-based industries, including telecommunications, high technologies, radio and space technologies, banking, real estate, retail, media, tourism and healthcare.
 
About Apsys
Apsys, a benchmark commercial property developer in Europe, and the Sistema-Hals group, a key player in the Russian market, announce the creation of a joint venture intended to consolidate their investment and development capacity in Russia. For both companies, the creation of this strategic joint venture immediately opens new opportunities for accelerated expansion in Russia, and offers a brand new approach of shopping and leisure place.
 
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specialising in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2007 global revenue of $2.7 billion, Jones Lang LaSalle has approximately 180 offices worldwide and operates in more than 700 cities in 60 countries.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.2 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with more than $54 billion of assets under management. In Russia and CIS Jones Lang LaSalle has offices in Moscow,  St. Petersburg, Kiev and Almaty. Jones Lang LaSalle, Russia was voted Consultant of the Year in 2004, 2006, 2007 and 2008 at Commercial Real Estate Awards (Russia). For further information, please visit our Web site, http://www.joneslanglasalle.com