Full steam ahead for Parkridge Holdings EUR 500 million investment plans

The company's subsidiary, Parkridge CE Retail, plans to construct five commercial centers over the next three years. Each of the centers, called Focus Parks, will encompass a cinema and around 600 shops. "We will spend EUR 300 million on Focus Parks, one third of which on a facility in Gliwice," stated Jarosław Fijałkowski, the managing director of Parkridge CE Retail. The remaining EUR 200 million will be invested by Parkridge CE Development in warehouses and logistic centers. Parkridge is building the Focus Parks in cities with a population between 100,000 and 400,000 and usually adapts existing facilities located in city centers. In Bydgoszcz the company is adapting an old meat processing plant, in Rybnik a brewery plant, in Zielona Góra the building of the bankrupt Polish Wool Company and in Gliwice the facilities of the former steel plant. The Park in Gliwice will be the last to be completed in 2008. Nevertheless, the company is already considering new projects. "We are thinking of the next two or three centers," declared Jarosław Fijałkowski (Puls Biznesu, p. 7) E.B.