In Dnipro and Kharkiv, shopping and entertainment centers are showing a noticeable increase in key performance indicators, despite their proximity to the front line and the challenging security situation.
This is reported by Finway
Increased Traffic and New Openings in Dnipro
The “Karavan” shopping mall in Dnipro, managed by the DCH group, is actively expanding its tenant pool. Since the beginning of 2025, new stores covering over 2,700 square meters have opened in this center, and several more retail outlets totaling over 1,500 square meters are expected to launch soon. In the first half of 2025, “Karavan” was visited by 3.11 million people, which is a 2% increase compared to the same period last year. Particularly significant is the growth in turnover per square meter, which has increased by nearly 40%.
Development of Kharkiv’s Shopping Mall Despite the War
In Kharkiv, the Nikolsky shopping mall, owned by Budhouse Group, is also demonstrating positive dynamics. In August 2025, the center’s visitor count reached 900,000 — the highest result since the missile strike on the shopping mall in early March 2022. Although this figure is still 20% lower than pre-war levels, the attendance is effectively comparable to pre-crisis values, considering that Inditex and H&M stores are still not operating in the center.
Currently, the vacancy rate at Nikolsky is only 1%. Over the past six months, more than 15 new tenants have opened here, including international brands Jysk and KFC, a significant portion of which have started operating in the shelter zone.
“In the first six months of 2025, visitor traffic amounted to 3.11 million people, which is 2% more than last year.”