Case Okhta Mall

Okhta Mall – driving the development of an entire district

One of the biggest development projects in SRV’s history, Okhta City in St Petersburg, will reach an important milestone in August 2016 with the opening of the Okhta Mall shopping centre.

SRV has been developing the major Okhta City project that covers about 8.5 hectares in the Okhta district of St Petersburg. According to plans, the approximately 400,000-square-metre complex will consist of a shopping centre, apartments, office and business space, as well as a hotel, restaurant and entertainment services. The project is being implemented in phases; the new shopping centre scheduled to open in summer will play an important role in the development of the entire Okhta district.

Okhta by Night

Easily accessible services

The location of Okhta Mall was carefully selected: the location is favourable for the traffic flows of the hugely populated city, and the centre will serve commuter traffic extremely well. Additionally, more than 1.5 million people live within half an hour from the shopping centre.

SRV is responsible for the planning, construction, development and tenant acquisition of Okhta Mall, with the key attributes for implementation being individuality, practicality and ease-of-use. The shopping centre is targeted at average consumer families who are seeking good quality and reasonable prices. The shopping centre will include, among other things, a hypermarket, a large cinema complex, a food court, a fitness centre, specialty outlets, such as a large children’s goods store, and various fashion and sports shops.

Okhta by day

SRV focuses on growing urban centres

Ideally, urban construction projects develop entire districts and the area’s infrastructure. They change the cityscape, help to improve the quality of life, and have a positive impact on the area’s economic development.

Okhta Mall facts:

  • Two underground and four aboveground floors
  • Total area 148,000 square meters
  • Leasable area 78,000 square meters
  • 250+ retail spaces
  • 1,900 parking spaces
  • 10 minutes from downtown St Petersburg
  • Opens in August 2016
  • 2,500+ jobs
  • Okhta Mall is owned by SRV and Russia Invest, a real estate investment company jointly owned by Finnish investors Ilmarinen, Sponda, Etera, Onvest and SRV
  • In addition to Okhta Mall, the Daily shopping centre in Moscow will be completed in 2016. SRV also has the Pearl Plaza shopping centre, which opened in 2013, in St Petersburg.

New urban targets combine services, jobs, opportunity for modern living, and good traffic connections. In fact, urban construction is driven by the megatrends that are shaping Western lifestyles – urbanisation, the desire for a sense of community, aging and a rise in ecological values.

Okhta Mall features a Scandinavian style and the latest international energy regulations and environmental standards have been taken into account in the construction. The goal is to obtain LEED Gold certification for the shopping centre’s good energy efficiency, among other things.