Estonian investor leads the way in Ukrainian retail real estate market London-listed Arricano finds retail sector success by adapting Estonian innovation to Ukrainian realities
When Arricano first arrived on the Ukrainian retail real estate market in 2006, the plan was to build ten new shopping malls over the coming decade. Ten years later, the majority Estonian-owned company boasts six malls and has plans for further 24
expansion in a Ukrainian retail market that remains well short of saturation. However, Arricano is also locked in a legal battle over ownership of a flagship mall in what management say is a test case for Ukraine’s rule of law that will have far-reaching ramifica-
tions for the country’s international investment climate.
Estonian investment
The majority shareholder in Arricano Real Estate Plc is Estonian investor Hillar Teder, www.bunews.com.ua