Gliwice gets a new Forum

Forum Gliwice, a shopping-complex development, has already leased out 90 percent of its retail space. Its investors are planning a grand opening for May 2007.

The new development will be the first modern retail complex located in Gliwice's city center. In addition, Forum Gliwice will be one of the largest shopping malls in Silesia, a southern region with a population of over 4.5 million. Thus the investment will offer retail businesses trying to reach new customers from this region of Poland an excellent opportunity for growth.

"We are pleased that Forum Gliwice is proving a very attractive location for leading retailers and service providers operating in the Polish market," said Marek Noetzel of Cushman & Wakefield, who is managing the leasing of Forum Gliwice "Together [these businesses] will provide a completely new, modern shopping and leisure experience for the people of Gliwice, Zabrze, Knurów and the surrounding area."

The Forum will soon provide 46,000 sqm of retail space, which will house a 6,500-sqm Carrefour hypermarket, 140 shops with well-known fashion brands, comprising a total 27,500 sqm, and a Cinema City - Gliwice's first multi-screen cinema - with 13 cinema screens totalling 1,850 sqm, located in the complex's entertainment section. Because of its scale, the Forum Gliwice will create 1,200 new jobs.

The project is being developed jointly by Danish developer Braaten+Pedersen and real-estate group Quinlan Private Golub. The project, whose total value is approximately EUR 75 (zł.290) million, is also being co-financed by the Scandinavian Borgestad group.