ESTA Group (Donetsk) has started dismantling the building of the Kyiv Central Department Store, reads a statement made by the managing company ESTA Holding.
Thus, ESTA has proceeded to the next phase of preparatory works on the project called Reconstruction of the Kyiv Central Department Store with Restoration of the Front Facades, the dismantlement of the Central Department Store building.
In frames of the dismantlement they will take to pieces the Central Department Store building but for the font facades, built in 1939, on Khreschatyk Street and Bohdana Khmelnytskoho Street, which will be reinforced, restored, and left intact.
To preserve the facades they will mount steel structures fixing the facades for the whole duration of reconstruction.
The reconstruction project envisages deployment of the diamond cutting method, which ensures lower noise level and vibration during the dismantlement, compared with the conventional ones.
The company will reconstruct the building without appearing to do so.
As Ukrainian News earlier reported, opening of the Central Department Store is planned for 2015.
ESTA Group closed the facility for reconstruction on February 1, 2012 after the expiration of the contracts with its tenants.
Investments in the project exceed USD 100 million.
The Kyiv Central Department Store became part of the ESTA group in 2010.
ESTA Holding was founded in 2008 by the System Capital Management company (Donetsk) for implementation of real-estate projects.
Businessman Rinat Akhmetov owns 100% of the shares in System Capital Management.
