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Kyiv. 24.01.2025

Budhouse Group: 2024 results

AWARDS AND PRIZES 2024

  • FORUM LVIV shopping center - first place in the nomination “Best medium-sized shopping center in cities with a population of over one million”, RAU Awards.
  • Nikolsky shopping center - first place in the nomination “Best large shopping center in cities with a population of over one million”, RAU Awards.
  • Linden Luxury Residences - first place Building of the year, CEEQA 2024.

ATTENDANCE

In 2024, 22 million people visited Budhouse shopping centers. Footfall remained unchanged compared to 2023. In Nikolsky shopping center, due to the massive shelling of Kharkiv and a large number of alarms in the first half of 2024, footfall fell and recovered only in the fall of 2024. In Lubava and Forum Lviv shopping centers, footfall gradually increased throughout the year.

Thus, an average of 565 visitors per 1,000 sq m of leasable area. 

Visitors are becoming more targeted. This is evidenced by a number of indicators, including the number of stores visited, the duration of the visit, the share of casual visitors to shopping malls, and the conversion rate. Thus, conversion (the share of buyers among visitors) increased by 5%, while the duration of the visit decreased by 11% compared to the pre-war period. Also, the number of outlets visited by a customer decreased significantly (by 30%), despite the fact that the purpose of the visit to the mall remained the same. The share of visitors who planned a visit increased by 10%. 

TURNOVER

In 2024, the total turnover of the company's shopping centers amounted to UAH 12.2 billion, which is 33% more than in 2023 (+20% in EUR). Compared to 2021, the turnover of shopping centers in UAH equivalent increased by 17%. In foreign currency terms, the company's shopping center turnover decreased by 14% compared to the pre-war period.

The main reason was the closure of Fabrika shopping center and the difficult situation in Kharkiv at the beginning of the year. The undamaged shopping centers significantly exceeded the level of 2021 in currency, with Lubava shopping center exceeding it by 16% and Forum by 32%. 

TENANTS

In 2024, we managed to keep the minimum vacancy rate at 0.9%. The same vacancy rate was in 2021 and 2023. In addition, Inditex and H&M stores in Nikolsky shopping center remain non-operational. 

Tenant turnover was lower than in 2023. In 2024, 34 new lease agreements were signed in operating shopping centers. However, the total area of these new tenants was larger - 4,600 sq m (44 new leases of 3,000 sq m in 2023).

The most significant new tenants were Adidas, Nike in Forum Lviv, Sinsay in Nikolsky and Lubava. A significant event was the opening of the Nikolsky Pop-up center on the -3rd floor, where the mall's tenants were able to work during alarms.

ON-LINE

In 2024, BHG shopping centers traditionally paid a lot of attention to online promotion. The total number of contacts with users on various resources amounted to 103 million, which is 2 times more than in 2023. 

The total number of followers on social networks amounted to 765.3 thousand, an increase of 10% compared to 2023. At the same time, the number of followers of the Fabrika shopping mall, despite the damage, has not actually changed over the past year. The Instagram accounts of Fabrika shopping mall and Forum shopping mall have been ranked first and second in Ukraine in the ranking of Ukrainian shopping centers by the number of followers for many years. 

Visitors to shopping malls are increasingly immersed in social networks. The percentage of those who are registered on YouTube, Telegram and Tik-Tok has grown significantly. Tik-Tok shows the highest growth rate among shopping mall visitors. The share of people registered in this network increased by 30% over the year. This is probably also due to changes in the age structure of visitors. Now almost 50% of visitors have a TikTok account. Before the full-scale invasion, this share was about 20%.

MARKETING ACTIVITIES

In 2024, 370 different events took place in BHG shopping center. This is 8% less than in 2023. The decrease in the number of events was due to less activity in Kharkiv in the first half of 2024. Massive shelling of the city affected the number of events.

The most significant events in 2024 were Birthday, Cosplay and Halloween in Lubava, Birthday and Christmas in Forum shopping center, Halloween and New Year's Eve in Nikolsky. The opening of the year was a new event in Nikolsky shopping center - Karaoke on the screen (using multimedia screens of the shopping center). 

DEVELOPMENT

In 2024, 600 sq m of leasable space was added to Lubava shopping center, increasing the area of House, Brands outlet and DRC stores.

The construction works at Khortitsa mall in Zaporizhzhia and Yessa shopping center in Odesa, which started in 2021, were suspended for the duration of the hostilities. The reconstruction of Fabrika shopping mall is also planned to start after the shelling of Kherson city stops. 



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