06.06.2023
This will be the 630th store in the network and the 11th store for the brand in Belarus. The consulting company NAI Belarus acted as the deal consultant. The store opening is planned for summer 2023, with a long-term lease agreement in place.
The O'STIN store will feature a revamped format, offering a stylish and convenient space that incorporates modern design and functionality. This will allow shoppers to easily and quickly find the clothing and accessories they need.
Andrey Aleshkin, Partner and CEO of NAI Belarus, said, "As we continue to modernise Galileo Shopping Mall, we are updating our tenant roster. In this regard, we found the opening of an O’STIN store interesting and promising. It will harmoniously complement the existing tenant mix and, I am confident, will be well-received by the mall's visitors."
Alexander Lyulko, Director of OOO "Ostin Bel," stated, "We have signed a long-term lease agreement for retail space at Galileo Shopping Mall. This will be our eleventh O’STIN store in Belarus. The choice of Galileo was evident to us—it is one of the best shopping centers in Minsk, attracting a large number of visitors from different cities in Belarus due to its favorable location and significant interior renovations. We are confident that opening a store in this mall will allow us to continue the successful development of the brand in the Belarusian market. Furthermore, we see significant advantages in collaborating with the Galileo Shopping Mall team, who constantly follow market trends in real estate management and retail and offer compelling experiences for visitors."
About the brand:
O’STIN is a well-known international clothing brand that has been in the market for over 20 years. Its mission is to help people enhance their wardrobes with fashionable, stylish, and affordable clothing that becomes a favorite each new season. The brand primarily uses soft and natural materials and comfortable silhouettes to create easy-to-care-for and comfortable clothing. O’STIN adheres to high standards of quality, ethics, and sustainability in its work.
About Galileo Shopping Mall:
Galileo Shopping Mall is a multifunctional space that expands the concept of traditional shopping centers. It offers a wide range of shopping, dining, and entertainment options. Visitors have access to over 100 different retail outlets, featuring both democratic and premium brands, a multi-level cinema, food court, fitness center, seasonal and thematic photo zones, restaurants, cafes, and cozy places. Its convenient location makes it one of the most popular destinations for shopping and leisure in Minsk.
#NAIBelarus#NAITeam#CRE#CREnews#retail#ostin#rental#galileomall
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