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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 ''.

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