25 Jul 2019 16:30
Arricano Real Estate Plc (ARO) Arricano Real Estate Plc: Update on Portfolio Vacancy Rate 25-Jul-2019 / 16:30 GMT/BST Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
Arricano Real Estate plc ("Arricano" or the "Company" or, together with its subsidiaries, the "Group")Dynamics of Vacancy Rate Arricano (AIM:ARO), a leading real estate developer and shopping malls operator in Ukraine, is pleased to announce, as at 30 June 2019, it has recorded the lowest average vacancy rate across its portfolio of shopping and entertainment centres, since 2012.
For the first half of 2019, Sun Gallery (Kryvyi Rih) and City Mall (Zaporizhzhia) recorded a 100% occupancy, whilst the RayON and Prospekt shopping malls (both located in Kyiv), recorded vacancy rate of 0.08% and 0.17% respectively. Mykhailo Merkulov, CEO of Arricano, states: "The improvements in occupancy rates over this period is a testament to Arricano's team efforts - both in relation to the market and in relation to its past results. In the first half of 2019, the average vacancy rate of shopping malls in Kyiv is 5.5%, and in our shopping malls, Kyiv inclusive, this rate is several times less. Going into the second half of the year, Arricano has recorded the lowest vacancy rates since 2012. I believe this is a result of the systematic work, innovative approaches and competent management in recent times."
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| ISIN: | CY0102941610 |
| Category Code: | MSCL |
| TIDM: | ARO |
| LEI Code: | 213800F8AMPULEKXFX22 |
| OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
| Sequence No.: | 14689 |
| EQS News ID: | 847109 |
| End of Announcement | EQS News Service |
UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.