16th May crucial for TK and FORAS

16th May crucial for TK and FORAS In 1999 Danish investor FORAS Holdings acquired the right to take over 4 of TK Polska Operations' retail centres in Poland - Reduta and Targówek in Warsaw, Plejada Bytom and Plejada Sosnowiec in Silesia. Whereas the first two deals are about to be closed, purchase of the second two may be postponed, first and foremost because of insufficient leases. The time-consuming and complicated process of taking over the Reduta and Targówek retail centres in Warsaw from TK Polska Operations (the Polish subsidiary of TK Development) is almost finished, says Ib Bundgaard, MD of FORAS Management Polska. After the legalities are completed, FORAS, which already manages the centres, will assume ownership. The same will happen to TK's two other projects in Poland; Plejada Bytom and Plejada Sosnowiec. But first the agreement terms signed by the two companies must be met. Where the problem appears Under the agreement signed with TK Polsk