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Finishing touches to Złote Tarasy

The management of Złote Tarasy, a new shopping complex in Warsaw's city center, maintains that the mall will open this autumn. In the meantime they are launching a promotional campaign and are sponsoring the Polonia Carioca: Złote Tarasy and Samba - Joy on Nowy Œwiat Festival.

"We are focusing on the autumn of 2006 as we have been having some difficulties with the contractor, referring to labor resources. We all know that labor resources are difficult to get in Poland in connection with the open market. We will name the date in a couple of weeks but at the moment we are in the process of negotiations," says Marcel Kooij, president of Złote Tarasy.

According to Kooij, 99 percent of the space has already been leased and the tenants are waiting for the complex to open.

"It's a handover procedure from us to the tenants. They are even getting the shops fitted out. There is always turmoil when opening a shopping center, just small bits and pieces to be put together," adds Kooij.

Construction work was started in 2002 and the initial completion date was set for the spring of 2006.

Złote Tarasy is a multi-building complex with total space exceeding 200,000 sqm. It consists of three office buildings, including one over 100 meters high, an eight-screen cinema, three storeys of retail space with over 200 shops, and a four-storey underground parking garage for some 1,700 cars.

Lumen is the office part of the Złote Tarasy complex with an average space of 2,900 sqm on each floor.

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