ECE invests EUR 150m in new Russian shopping gallery

ECE Projektmanagement is to build a shopping gallery with more than 60,000 m[sup]2[/sup] of leasable area in the Russian city of Yaroslavl, 250 kilometres north-east of Moscow. The project was announced on Friday at a joint press conference with Yaroslavl's mayor, Viktor Volonchunas, a day before celebration of the city foundation date. ECE will invest EUR 150 mln in the project and create more than 2,000 new jobs. The shopping center is scheduled to open in the spring of 2010 - in time for Yaroslavl's 1,000th anniversary.

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