Arricano Real Estate plc

The next remarkable event took place in 2008, when on 11 October, Sun Gallery shopping centre having gross leasable area (GLA) of 35,000 square metres (380,000 sq ft) was opened in Kryvyi Rih.

[3] The same year, Arricano entered into credit facility agreement with European Bank for Reconstruction and Development (EBRD) in Ukraine under which conditions it was possible to obtain a maximal amount of financing of US$139,307,000.

[5] Launching of the fourth project implemented by Arricano took place in Zaporizhia in 2011 with the opening of City Mall shopping and entertainment complex having gross leasable area (GLA) of 21,450 square metres (230,900 sq ft).

[16][17] At the beginning of 2014, Arricano opened a second phase of South Gallery shopping centre in Simferopol, gross leasable area (GLA) of which is 32,200 square metres (347,000 sq ft).

In September, an official opening of Prospekt shopping centre took place in Kyiv, its gross leasable area (GLA) is 30,400 square metres (327,000 sq ft).

[18][19] On 19 August 2014, London Court of International Arbitration (LCIA) made an award in favour of Arricanо restoring the company's right to repurchase the majority stake in Sky Mall shopping centre project under the terms and conditions of agreement of 2010.

[34][35] In the territory of the complex, city art exhibitions,[36] master classes, performances (Nativity scenes[37]), sports events (Yunost spartakiad, Criterium bike ride[38]) take place, social programs are implemented.

[43] London Court of International Arbitration LCIA finished the series of litigations on 19 August 2014, by delivering a judgement in favour of Arricanо and restoring the company's right to purchase the stock of shares from Adamovskiy through exercising the call-option subject to contract conditions of 2010 for $51.4 million.

Violations at transfer of 100% profit participation rights of Prisma Beta LLC were confirmed in the course of investigation held by Ukrgosreestr following which results the agency filed the request to public prosecution office.

[48] Company management addressed the top public officials through mass media asking to provide for the maximal transparency, justice and efficiency in reviewing the case of Sky Mall.

[54] The facts of property rights violations regarding Sky Mall shopping centre in Ukraine, pressure on the company and its employees through law-enforcement authorities were disclosed to public by mass media.