Cefic to invest in five more shopping malls across Poland

The French firm Cefic is to invest an estimated zl. 410 million in the construction of a new "Arkadia" shopping mall in Warsaw. The firm has also signed an agreement with Echo Investment to manage the mall. The ultimate target of Cefic is to build about five malls across the country with Warsaw' s Arkadia as the largest. The projects will be financed by loans from abroad. All the investments will be undertaken in partnership with the supermarket chains Carrefour and BEG Ingieniere. The malls will include a supermarket, galleries, boutiques, multi-screen movie theaters and small playgrounds. Other locations for Cefic malls include Gliwice, Bydgoszcz and Szczecin. (Puls Biznesu, page 9) S.M.