Shopping Centers Today -> April 2003
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WHO’S DOING WHAT WHERE

Hamburg-based ECE Projektmanagement took its first step outside Germany by launching three centers in Central Europe, beginning in August 2001 with the 30,000-square-meter (322,860-square-foot) Galeria Dominikanska in Wroclaw. Arkád Örs vezér Tere, Budapest, Hungary; and Galeria Lodzka, Lodz, Poland, both measuring about 40,000 square meters, followed last year, and three additional malls — Arkády Pankrác, Prague, Czech Republic; Galerie Vankovka Brno, Czech Republic; and Pécs (Hungary) Arkád — are in the works.

Dutch development and investment firm Rodamco Europe has new centers in Budapest (Europark and a share in Arkád Örs), the 50,000-square-meter Zlote Chodow, soon to come in Prague, and a 50 percent stake in the 72,000-square-meter Galeria Mokotow, Warsaw. Rodamco had acquired Centrum Cerny Most, one of Prague’s first malls, in 1997. The jewel of the portfolio is Zlote Tarasy, a 225,000-square-meter, mixed-use center in downtown Warsaw that Rodamco is developing in partnership with Netherlands-based ING Real Estate. Work began in January, and the partners expect to complete the project in 2005. ING also owns a downtown Prague mall, Zlote Andel (25,000 square meters) and will open a 30,000-square-meter center in the Czech city of Ceske Budejovice this year.

Paris-based Ségécé owns Danubia center, Bratislava, Slovakia; and Novy Smichov, Prague.

Shopping Centers Today
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