OREANDA-NEWS. May 26, 2010. Sistema-Hals (HALS), a leading diversified company in the Russian and CIS real estate market, and Apsys, one of the major European companies engaged in development and management of retail real estate assets, announce the lease agreement with French sport hypermarket Decathlon on LETO shopping center.

Decathlon will cover 4,200 sq. m. on the ground floor of LETO. It will be the first hypermarket of the famous retailer in Saint Petersburg.

"We're glad that the first Decathlon in the North-West federal district of Russia is to be open at LETO shopping center. This agreement finalizes the anchor tenants scope at LETO shopping center, meanwhile in general we have agreed on over 80% of leasing area", - Teimuraz Shengelia, Vice-President - Head of Commercial Real Estate of Sistema-Hals commented.

"We are proud that #1 sport retailer in Europe has chosen LETO shopping center to open their first hypermarket in St. Petersburg. Decathlon's arrival in LETO shopping center confirms the strong and unprecedent tenant mix of the project. To-date LETO combines all features to become the first destination for shopping and leisure in St Petersburg", - said Fabrice Bansay, Apsys Russia General Manager - Head of Development Eastern Europe.

Previously the lease agreements in LETO shopping center have been signed by such anchors as Auchan hypermarket on 11,600 sq. m., Media Markt for electronics goods on 6,000 sq. m., H&M on 1,700 sq. m., Inditex (Zara, Pull&Bear, Bershka, Stradivarius) on 3,115 sq. m., Kronverk Cinema on 4,700 sq. m. Well-known international and Russian brands such as TopShop, TopMan, Miss Selfridge, Lady&Gentleman, New Yorker, Ann Christine, O'stin, Reserved, Cropptown, House, Mothercare, NEXT, Tatuum, Coyoco, L'Etoile, Colin's, River Island, Smyk, Nokia, Etam, Springfield, Women's secret will be also presented in LETO.

LETO with approximately 114,000 sq. m. GBA (about 80,000 sq. m. GLA) is ideally located at the intersection of Pulkovskoye shosse and the Ring Road. The center includes a 3,200-lot parking.

The Grand Opening of LETO is scheduled for Autumn 2010.

Sistema-Hals and Apsys are developing LETO shopping center together. Exclusive marketing and leasing agent for LETO is Apsys Rus, in partnership with Jones Lang LaSalle.