PL

Three projects in two years

Retail & leisure
POLAND IKEA Centre Group Poland - the Polish development subsidiary of Swedish retailer IKEA - is refusing to rest on its laurels. The company was established in the 1990s and its achievements now include a portfolio of seven parks and malls. The developer is currently working on three projects: in Wrocław, Poznań and a shopping centre in Lublin. All should be completed in 2014 at the latest.
Retail parks under developmentNext year, construction work is to begin on extending Park Handlowy Bielany in Wrocław. Major changes are now to be introduced to the facility, which has been in operation for 14 years. Within weeks, the re-development of the IKEA store in the park is to start. As for construction work on the other buildings, this is to be carried out next year. The eventual total area of the park is to come to 140,000 sqm - 60,000 sqm bigger than it is today. Inter IKEA Centre Group Poland (IICGP) has been negotiating with potential tenants, but the full list of the new shops has yet to be disclosed, as the completion of the project is set for 2014. "We are planning to broaden the offer of fashion boutiques and entertainment areas in the mall," reveals Karolina Horoszczak, spokesperson for IKEA group. It has become known that Tesco, which occupies 16,000 sqm, is to stay put for the next ten years, after signing a lease extension last year.The second new project to be ann
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