Gray International goes shopping with zł.1 billion

"We plan to launch investments in Lublin, Wrocław and Dąbrowa Górnicza. Our strategic partner is hypermarket chain Geant. The projects will be financed by Meinl European Land (MEL), a financial institution listed on the Vienna Stock Exchange. We will soon submit a request for a construction permit. We want to open the centers by the end of 2007," said Elżbieta Brzozowska of Gray International. However, the company, which was formed in 2002 and does not want to reveal its shareholders, also said it will invest in seven other similar projects in Warsaw, Kraków, Gdańsk and Belgrade. (Puls Biznesu, p. 13) A.K.