04/02/2009: Topping-out ceremony at Ozas Gallery, Vilnius
Fashion shopping center 90% leased out - Ozas opens Lithuanian retail market to new international brands
Start of the final stage in the construction of Ozas Gallery, Vilnius: The topping-out of the shopping and entertainment center, to be opened on August 20th, 2009, has been celebrated today. Built to become the preferred fashion shopping destination in the Lithuanian capital, Ozas is by far the largest national retail development with a total area of 180,000 m² and it features more than 180 shops on a leasable area of approx. 62,000 m2. The 170 million euro investment is carried out by joint efforts of ECE and Rubicon group. Ozas has become a place of choice for a number of international retailers, as it is located between densely populated districts and the city center in Vilnius Entertainment Park, surrounded by important city traffic arteries, and as it provides a distinguished center management.
“Ozas is about to introduce state of the art shopping center standards in Lithuania, thanks to its outstanding architecture and our experienced management,” said Stefan Zeiselmeier, Managing Director of ECE Projektmanagement Vilnius. “We can also announce that a major part of the center will be occupied by large shops run by international retailers with whom we already cooperate successfully in several of our 112 centers Europe-wide.“ Vilnius is a favorable retail location as it is the strongest economical center in Lithuania. It provides for ca. 40 per cent of the country’s GDP. The purchasing power in Vilnius exceeds other regions of the country by 30 per cent.
