Forpoint on April 30, 2013 opened a cafe of the U.S. Cinnabon chain in the Ocean Plaza shopping and leisure mall at 176, Gorky Street in Kyiv on the franchise conditions, reads a press release of the Ukrainian Trade Guild (UTG, Kyiv), which is acting as the exclusive broker of the shopping center.
The press release says that the lettable area of the cafe on the second floor of the shopping center will be around 44 square meters.
According to the report, the café will be the first one opened under the Cinnabon brand in Ukraine.
“The agreement between the shopping center and Forpoint (Ukraine), the franchise partner of the Cinnabon brand in Ukraine was signed with the help of UTG,” reads the report.
The first bakery of rolls with cinnamon of the U.S. Cinnabon chain was opened in 1985. As of December 2012, the chain had over 1,000 franchise outlets in the world.
Forpoint (Ukraine) is developing the Cinnabon chain in Ukraine.
The Ukrainian Trade Guild was set up in 2001. It specializes in providing comprehensive assistance to development projects.
Over the 12 years of its operation, 97 real estate facilities have been opened with the participation of the UTG, including the Ocean Plaza shopping mall (Kyiv), the Meganom shopping mall (Simferopol) and the French Boulevard shopping mall (Kharkiv).
The UTG is selecting leasers for 17 facilities with a total lettable area of 834,000 square meters.
In 2012, the company managed seven shopping malls in Ukraine with a total lettable area of 325,000 square meters.
The UTG is a member of the Association of Trade Centers of Ukraine and the International Council of Shopping Centers, and is also a member of the Urban Land Institute.
