leadf
logo-loader
viewArricano Real Estate
(
AIM:ARO
)

Arricano Real Estate creating 'modern retail environments' in Ukraine

Mikhail Merkulov, chief executive of Arricano Real Estate Plc (LON:ARO), tells Proactive's Andrew Scott they've spent 10 years working in Ukraine developing shopping centres and being the leader in the industry.

''Disregarding the turmoil [in Ukraine] we've managed to increase revenues and not taking into account the fact the market's not growing too much last year we reported 20% growth in revenues''

''We're managing now five shopping centres - all of them show stable growth and this growth is attributed not to market segment growth but purely down to the success of the company's management, the use of new technologies and the change in our business model ... working mostly for the tenant and not for the landlord''.

''The secret to growth isn't squeezing the tenant but helping them grow their turnover ''.

Quick facts: Arricano Real Estate

Follow
AIM:ARO

Price: 0.325 USD

Market Cap: $33.56 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

FTSE up as government keep cap on gas prices with energy market in focus

FTSE 100 jumped back near the 7,000 mark even though government borrowing was higher than expected in August. London’s leading index added 64 points to 6,968 in early trading.   The UK government has decided to keep the cap on how much energy suppliers can charge customers to protect the...

1 hour, 6 minutes ago

2 min read