IDM to construct more multi-functional shopping centers

Development-company IDM Polska (IDM) is to spend over zl. 350 million constructing two new shopping centers, one in Warsaw and the other one in Wroclaw. They will be built under the Kinetika name and are being financed by retail-developers TrizecHahn. The Wroclaw center will cost almost zl.160 million. Planning permission is expected this summer, and the center should be completed by fall 2001. The 30,000-square-meter center will contain 40 shops, a multiplex, restaurants, bars, a fitness club and a bowling alley. The Warsaw center is going to cost more, probably about zl. 190 million, because land-prices are higher in Warsaw and it will also have underground parking. No date for its opening has yet been set. IDM is also considering building similar centers in Gdansk, Gdynia Bielsko-Biala, Katowice, and another one in Warsaw. It is still looking for investors for these projects. (Puls Biznesu, page 5) A.D.