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Old Mutual Wins Ukraine Retail Management Contract

CANNES-Old Mutual Properties has won a contract to provide leasing, marketing, facilities management and operational support services for retail complex Univermag Ukraina, which is now undergoing a $20 million renovation.

By Charlie Jacoby | Updated on November 22, 2002

CANNES-New York-based NCH Capital Inc, which owns 93% of the Univermag Ukraina retail complex in the heart of Kiev, Ukraine, has appointed Old Mutual to provide leasing, marketing, facilities management and operational support services for its scheme.

Brent Wiltshire, retail property executive of Old Mutual Properties, commented: ‘For NCH and Univermag Ukraina, we are developing an appropriate tenant mix plan and then rolling out a leasing strategy that best meets the needs to attract both international and local retailers to the 270,000-sf centre,’ he said. ‘In the area of facilities management, we will issue tender specifications and service level agreements for centre services, evaluate tenders to ensure the centre is managed cost-efficiently to best standards, and award contracts to be carried out in accordance with service level agreements.’

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