28.6 million Ukrainian shoppers visited Budhouse Group malls in 2021

Budhouse Group shopping centers were visited by 28.6 million people in 2021, which is 50% more than in 2020, the developer’s press service reported. The Group have two projects at the implementation stage: Yessa shopping center (Odessa) and Khortitsa Mall shopping center (Zaporozhye).

Such a significant increase is explained, first of all, by the opening of the Kharkov SEC Nikolsky in May 2021. In comparison with the attendance of other operating shopping centers, there is a gradual recovery in traffic after a fall in 2020 – a 13.1% increase. But none of the company’s shopping centers has yet reached the level of 2019, which is explained by quarantine restrictions, which also took place in 2021.

On average, as reported by the press service, there were 552 visitors per 1 thousand square meters. m of mall area. According to the company’s research, on average, visitors visit the Budhouse Group shopping centers seven times a month and spend 73 minutes in them per visit. This is about the same as in 2020, and 16% less than in 2019, due to the restriction of the entertainment and catering sector.

The total turnover of Budhouse Group shopping centers in 2021, taking into account the new Nikolsky shopping and entertainment center, amounted to about UAH 10.4 billion. The turnover of Budhouse Group shopping centers in UAH equivalent in 2021 increased by 22% compared to 2020 and by 13% compared to 2019. In euros/dollars, the turnover of the company’s facilities reached the level of 2019 and even slightly exceeded it. The largest growth in turnover was observed in the Forum Lviv shopping center (27%).

The average vacancy in Budhouse Group shopping centers in 2021 was about 0.8% (0.6% in 2020). The minimum vacancy was recorded in the Forum Lviv shopping center and the Lubava shopping center (0.4-0.5%).

The rotation of tenants has decreased compared to 2020. In just a year, 19 new lease agreements with a total area of ​​3,600 sq. m. were signed in the existing shopping centers. For comparison: in 2020, 30 new contracts were signed for a total area of ​​more than 6,500 sq. m.

The company

Budhouse Group is a full cycle company engaged in investment, development and management of sustainable real estate assets. Since 2009, the company has opened four shopping centers: Fabrika shopping center (Kherson), Lubava shopping center (Cherkassy), Forum shopping center (Lviv), Nikolsky shopping center (Kharkov) and the Khortitsa Palace hotel (Zaporozhye).