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News Release


Shopping centre LETO welcomes H&M

Moscow - December 2, 2009 - Sistema-Hals (HALS), a leading diversified company in the Russian and CIS real estate market, and Apsys Group, one of the leading European companies engaged in development and management of retail real estate assets, are glad to announce the participation of H&M in their shopping center LETO (Saint Petersburg). H&M fashion store will be on two floors with a total surface of circa 1,700 sq m.

Acknowledged trendsetter H&M, which offers wide range of quality and fashion clothes at affordable prices entered the Russian market at the beginning of 2009 and has already won recognition from the public.

Marketing and leasing agent for LETO is Jones Lang LaSalle in partnership with Apsys Rus.

”Today a tenant comes very carefully to the choice of leasing spaces for its boutiques. Main factors are reliability of the shopping center and its quality as well as professional project team. Confidence from such a significant tenant as H&M demonstrates enormous prospects of LETO shopping center which gathers an outstanding retail mix of both international and  national brands under its roof”, - commented Teimuraz Shengelia, Vice-President for Commercial real estate, Sistema-Hals.

“LETO is a landmark project for the real estate market of St Petersburg. It is not comparable to any existing shopping center in the city owing to its high European level, unique design, professional concept and a wide range of shops of the eminent brands”, - said Ekaterina Zemskaya, Associate Director Retail Department Jones Lang LaSalle.

Sistema-Hals and Apsys are building shopping center LETO with approximately 114,000 sq. m and GLA of about 80,000 sq. m. The outdoor parking is designed for 3,200 lots. LETO is ideally located in the actively growing and developing part of Saint Petersburg at the crossroad of Pulkovskoye Highway and the City Circle Highway (KAD). The Grand Opening of LETO is estimated in Q3 2010.

The key anchor retailers of LETO are Auchan on circa 11,600 sq. m, Media Markt on circa 6,000 sq. m, and entertainment park Babylon on circa 2,200 sq. m. Other key brands that confirmed their presence at LETO are: Inditex Group with Zara, Pull&Bear, Stradivarius & Bershka; Monex Group with Mothercare, NEXT, Claire’s, The Body Shop, Justice & Starbucks; LPP Group with Reserved, House, Cropp Town; as well as New Yorker, Ann Christine; Le Pain Quotidian, Motivi, Lady&Gentleman, Promod, L’Etoile, etc.

Sistema-Hals ("the Company") is a leading diversified company in the Russian and CIS real estate market. The Company was the first Russian property developer to list its shares on the main market of the London Stock Exchange. The Company's shares are also listed on the Moscow Interbank Currency Exchange and the Moscow Stock Exchange and in the Russian Trading System Stock Exchange.
Starting operations in 1994, Sistema-Hals has successfully completed about 40 projects with a total area in the region of over 400,000 square metres, including the headquarters of DaimlerChrysler, the Hals Tower office building, the headquarters of Trubnaya Metallurgical Company, a hotel for the MaMaison chain (Orco Property Group), residential projects in Kuntsevo district.
Sistema-Hals has assembled a balanced and diversified portfolio of assets in fast-growing sectors of the market. The Company's strategy is focused on building Class A and B office space, mixed-use retail and office complexes, business-class residential buildings.
Apsys is a global retail real estate operator with a long term investment portfolio with the shopping centers that it develops. The core business of Apsys and its affiliates is the development, the letting and the management of shopping centers. The Apsys group has been created in 1996 by its President Maurice Bansay and Foncière Euris, a Paris listed group dedicated to retail (FMCG et sport) and real estate. Apsys has first developed its activities in Poland, where it is now the leader in the shopping center industry, and in France since 2002. The group has completed over 450,000 sq.m. retail development, among which the landmark Manufaktura retail and entertainment center in the Center of Lodz, Poland's second largest city, a 150,000 sq.m. development in an 19th century textile factory. Manufaktura has been awarded by many international prizes, such as the ULI Award for Excellence - World 2007 by the Urban Land Institute.
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 2008 global revenue of $2.7 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.3 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 $37 billion of assets under management.
In Russia and CIS Jones Lang LaSalle have offices in Moscow, St. Petersburg, Kiev and Almaty. Jones Lang LaSalle, Russia was voted Consultant of the Year in 2004, 2006, 2007, 2008 and 2009 at the Commercial Real Estate Awards, Moscow and Consultant of the Year at the Commercial Real Estate Awards 2009, St. Petersburg.
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