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Wednesday, May 10, 2000
By Susan Ondrasek May 10, the fully leased Pasaz Broadway at Na Prikope 31 officially opened after extensive refurbishment of the building by Israeli developer-landlord Europa Sen over the past year. Developers Steen & Strom, TK Development and Foras grand open the Carrefour-anchored shopping center Futurum in Ostrava on May 24. It's got the typical blend of retail shop units and a multiplex cinema, eight theme-based restaurants and a shopping strip of 10 units. Slovakia's largest shopping center -- 42,000-square-meter (452,088 square-foot) Danubia -- opens June 13 in Bratislava. It's anchored by a 9,000-square-meter Carrefour hypermarket and was developed by French firm Campenon Bernard. Only a few small retail units are left to be leased, Young says. Construction of another shopping center has just begun east of Ostrava in Kavinaa Kadran is the developer of the 29,000-square-meter hypermarket, two restaurants, two midsize stores and small retail units. Completion is expected by summer 2001. In a different vein, Young says the consulting committee for developing Rohansky ostrov Maniny -- his firm, A&R Systems, Dutch Kolpron and German Muller Consult -- is completing its proposal for Prague's largest piece of undeveloped property on the Vltava river in Prague 8. They plan to submit their proposal for the 175 hectares (432 acres) to the city this month. Once the city takes a look at the proposal, it will probably be batted back and forth between the two parties for a month or so. Young expects the plan settled by August. It's not a deal until the paperwork is signed. After some hush-hush negotiations for the past few months about Deutsch Immobilien Leasing shopping the market for new office space, in the end the bank declined taking the top floor of Millennium Plaza in Prague 1. Instead, the company will stay in its present location at the Adria Palac on Jungmannova. Apollo real estate agency has two new faces: Jaromir Hajek was hired as a commercial property agent and Georg Pacurar became the head of public relations. Hajek, who was born in the United States, recently left the Prague Business Journal where he managed its monthly real estate supplement. Pacurar, who is Romanian and speaks seven languages, started working at Apollo in early April. He's the former managing editor of the German-language weekly Prager Zeitung. Orco Group's building at Londynska 41 in Prague 2 is 80 percent leased since the English insurance company Commercial Union took 1,200 square meters of space. Handley Dean, a commercial leasing agent at King Sturge, handled the deal.
Susan Ondrasek, The Prague Post, Stepanska 20, 110 00 Prague 1 Tel. 9633 4428, fax: 9633 4450 e-mail: sondrasek@praguepost.cz
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