George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLNTA.L Regulatory News (LNTA)

  • There is currently no data for LNTA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Contracts signed for 36 supermarkets in Moscow

19 Jan 2017 09:09

RNS Number : 6029U
Lenta Ltd
19 January 2017
 

 

ADG Group and Lenta sign lease contracts for 36 supermarkets in Moscow

St. Petersburg, Russia, 19 January, 2017 - Lenta, (LSE, MOEX:LNTA) one of the largest retail chains in Russia, has signed lease contracts with Edisonenergo LLC, part of the ADG Group real estate development company, who are building a network of neighborhood shopping and entertainment centers across Moscow's residential areas.

 

The agreements cover 36 locations for future Lenta supermarkets in Moscow shopping and entertainment centers currently under construction. All the centers are to be reconstructed on the sites of former Moscow cinemas. Each center will have an individual architectural style while delivering the concept of the project as a whole.

 

Attractively located in the middle of high traffic residential areas, the neighborhood shopping and entertainment centers are intended to meet the daily shopping and leisure needs of local residents. Each center will be a multi-functional space providing a wide range of consumer outlets, entertainment, and essential services, including social, cultural, and educational facilities which will draw citizens to visit them frequently.

 

A total of around 47,000 square meters will be leased by Lenta under ruble denominated 15 year contracts. All the rented areas conform to the specifications of Lenta's 'supermarket' format, with each store's total space varying from 740 sq m to 1,800 sq m.

 

The first supermarkets are scheduled to start operations in the end of 2018 with the remainder opening in 2019.

 

Jan Dunning, CEO of Lenta said: "Customer reaction to Lenta's supermarket concept has been very positive since the first store was opened in Moscow in 2013 and we are pleased with the performance of our 36 existing stores in the city. We are accelerating growth in this format and this important agreement with ADG supports our strategy by adding a further 36 stores in attractive high traffic sites. We have a strong pipeline and will continue to add stores through our normal development process, giving us the potential to reach well over 100 supermarkets in Moscow within the next three years or so."

 

Grigory Pechersky, Managing Director of ADG Group said: "We are offering our business partner an efficient and scalable way to expand its network across Moscow. The main feature of our project is that we put hospitality and customer service before concrete and square footage aiming to become the leader of the local district neighborhood.

 

We are confident that people living close to our center will be visiting it two or three times a week. Moreover, the exceptionally favorable locations and the use of advanced technologies and flexible formats make us uniquely positioned to be the first in the market to offer access to a loyal customer base of 2.5 million people residing within 15 minutes walking distance. We will provide not just a shopping experience venue - we will become an integral part of our customers' lives."

 

About Lenta

Lenta is the largest hypermarket chain in Russia (in terms of selling space) and the country's fifth largest retail chain (in terms of 2015 sales). The Company was founded in 1993 in St. Petersburg. Lenta operates 190 hypermarkets in 77 cities across Russia and 50 supermarkets in Moscow, St. Petersburg and the Central region with a total of approximately 1,146,542 sq m of selling space. The average Lenta hypermarket store has selling space of approximately 5,800 sq m. The average Lenta supermarket store has selling space of approximately 1,000 sq m. The Company operates seven owned distribution centres.

 

The Company's price-led hypermarket formats are differentiated in terms of their promotion and pricing strategies as well as their local product assortment. The Company employed approximately 34,134 people as of 30 June 2016.

 

The Company's management team combines a mix of local knowledge and international expertise coupled with extensive operational experience in Russia. Lenta's largest shareholders include TPG Capital and the European Bank for Reconstruction and Development, both of which are committed to maintaining high standards of corporate governance. Lenta is listed on the London Stock Exchange and on the Moscow Exchange and trades under the ticker: 'LNTA'.

 

A brief video summary on Lenta's business and its Big Data initiative can be seen here.

For further information please visit www.lentainvestor.com, or contact:

Lenta

Anna Meleshina,

Public Relations & Government Affairs Director

Tel: +7 812 363 28 53

E-mail: anna.meleshina@lenta.com

 

Anastasia Kuznetsova,

Corporate Communications Manager

Тel:+7 (812) 336 39 97

E-mail: a.kuznetsova@lenta.com

 

FTI Consulting

Anton Karpov & Victoria AfoninaТel:+7 495 795 06 23

E-mail: lenta@FTIconsulting.com

 

About ADG Group

ADG Group is a pioneering urban developer whose mission is to better serve the new expectations of modern Moscow. The company was founded in 2003 with the single-minded vision of expanding the major regional centres of Russia. By 2009, ADG Group's portfolio of projects covered over 1 million square metres with successfully implemented projects right across the country, from Kaliningrad to Novosibirsk.

 

In December 2014 ADG Group won the Moscow Government auction for purchasing 39 Moscow obsolete movie theaters. Rebuilding work is starting in winter 2017, and the opening of the first Neighborhood centers is planned for 2018. The project mission is to restore in Moscow residential areas spaces for meeting with families and friends, shopping and entertainment.

 

The total GBA of 39 objects is 470,000 sq. m. After complete Neighborhood centers commissioning in 2019 ADG Group will become the Moscow's largest commercial real estate owner by number of objects.

 

For further information about ADG Group please visit www.adggroup.ru, or contact:

Dmitriy Yurtsvayg

Marketing Director

Tel: +7 (985) 920 29 96

E-mail: d.yurtsvayg@adggroup.ru

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
AGRKKLBFDFFBBBD
Date   Source Headline
25th Apr 202310:00 amEQSLenta Discontinues Disclosure via Primary Information Provider
31st Mar 20234:00 pmEQSLenta IPJSC: Lenta Announces its Intention to Cancel the Listing of Global Depositary Receipts on the London Stock Exchange
31st Mar 202312:30 pmEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
29th Mar 20238:00 amEQSLenta IPJSC: LENTA REPORTS TOTAL SALES GROWTH OF 11.1% AND 6.1% EBITDA MARGIN IN FY 2022
28th Mar 20232:00 pmEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
20th Mar 20232:00 pmEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
9th Mar 20233:00 pmEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
6th Mar 20232:00 pmEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
2nd Mar 202311:00 amEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
20th Feb 20239:00 amEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
7th Feb 20238:00 amEQSLenta IPJSC: Lenta Pilots New Hypermarket Format
7th Feb 20237:00 amEQSLenta IPJSC: Lenta Pilots New Hypermarket Format
30th Jan 20238:00 amEQSLenta IPJSC: LENTA REPORTS TOTAL SALES GROWTH OF 11.1% AND ONLINE SALES GROWTH OF 108.9% IN FY 2022
30th Jan 20237:00 amEQSLenta IPJSC: LENTA REPORTS TOTAL SALES GROWTH OF 11.1% AND ONLINE SALES GROWTH OF 108.9% IN FY 2022
27th Jan 20238:00 amEQSLenta IPJSC: Lenta Announces Management Changes
27th Jan 20237:00 amEQSLenta IPJSC: Lenta Announces Management Changes
22nd Dec 20225:00 pmEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
22nd Dec 20224:00 pmEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
30th Nov 20224:00 pmEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
30th Nov 20223:00 pmEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
25th Nov 20228:00 amEQSLenta IPJSC: Lenta opens a hypermarket in Tomsk
25th Nov 20227:00 amEQSLenta IPJSC: Lenta opens a hypermarket in Tomsk
22nd Nov 20225:00 pmEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
22nd Nov 20224:00 pmEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
14th Nov 20228:00 amEQSLenta IPJSC: Lenta Expands its Own Fleet to Include KAMAZ Compass Trucks
14th Nov 20227:00 amEQSLenta IPJSC: Lenta Expands its Own Fleet to Include KAMAZ Compass Trucks
24th Oct 20228:00 amEQSLenta IPJSC: LENTA REPORTS TOTAL SALES GROWTH OF 15.7% AND ONLINE SALES GROWTH OF 137.2% IN 9M 2022
24th Oct 20228:00 amEQSLenta IPJSC: LENTA REPORTS TOTAL SALES GROWTH OF 15.7% AND ONLINE SALES GROWTH OF 137.2% IN 9M 2022
18th Oct 202210:00 amEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
18th Oct 202210:00 amEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
12th Oct 20225:00 pmEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
12th Oct 20225:00 pmEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
4th Oct 202210:00 amEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
4th Oct 202210:00 amEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
28th Sep 20225:39 pmEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
28th Sep 20225:39 pmEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
18th Aug 20223:00 pmEQSLenta IPJSC: Lenta IPJSC Informs about Submission of a Notification for Automatic Conversion of GDRs
18th Aug 20223:00 pmEQSLenta IPJSC: Lenta IPJSC Informs about Submission of a Notification for Automatic Conversion of GDRs
12th Aug 202210:00 amEQSLenta IPJSC: Lenta Announces Results of EGM
12th Aug 202210:00 amEQSLenta IPJSC: Lenta Announces Results of EGM
5th Aug 20223:00 pmEQSLenta IPJSC: Information for Holders of Global Depositary Receipts of IPJSC Lenta
5th Aug 20223:00 pmEQSLenta IPJSC: Information for Holders of Global Depositary Receipts of IPJSC Lenta
25th Jul 20225:30 pmEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
25th Jul 20225:30 pmEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
25th Jul 20228:00 amEQSLenta IPJSC: LENTA REPORTS TOTAL SALES GROWTH OF 20.3% AND ONLINE SALES GROWTH OF 159.0% IN H1 2022
25th Jul 20228:00 amEQSLenta IPJSC: LENTA REPORTS TOTAL SALES GROWTH OF 20.3% AND ONLINE SALES GROWTH OF 159.0% IN H1 2022
22nd Jul 20224:00 pmEQSLenta IPJSC: Lenta IPJSC Announces the State Registration of the Report on the Results of the Securities Placement
22nd Jul 20224:00 pmEQSLenta IPJSC: Lenta IPJSC Announces the State Registration of the Report on the Results of the Securities Placement
8th Jul 20225:00 pmEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
8th Jul 20225:00 pmEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.