"We’ll retain the face of Khreschatyk Street: a new department store, unique in architecture and convenience for buyers, will be built behind the historic façade. We’re attracting the best specialists and planning to invest over $100 million in the reconstruction project," reads the report, citing ESTA Holding Investment Director Maksym Hromadtsov.
According to the report, ESTA Group has started preparatory work before the reconstruction of the building, after which the gross area of the department store will double, to 45,000 square meters, and a 200-car underground parking area will be built. This will be achieved by using the territory of the courtyard and underground space, the company said, adding that the building’s facade built in 1939 will be retained.
The architectural concept for the renovated TsUM was designed by the famous UK design bureau Benoy, in partnership with Ukrainian architects.