ING Real Estate to build Poland's largest plaza in Warsaw

ING Real Estate is to build a zl. 1 billion retail, office, and amusement complex in downtown Warsaw by spring 2004. Zlote Tarasy, as the complex will be called, will be the largest in the country. The 205,000 square meters of office and retail space would be squeezed into a multi-story complex to be situated on the narrow 32,000 square metre plot between Warsaw's central train station and the Holiday Inn. An array of amenities that include a multiplex movie theatre, a parking lot, shopping mall, hotel and restaurants would be part of the development. The Dutch firm would also cover the costs of construction. According to Warsaw Mayor, Pawel Piskorski construction is expected to be swift as there are no tittle deed claims to the land. ING Real Estate CEO Jan van Heisberg says the firm would also bid in the modernization project for the train station. ING Real Estate has been in Poland since 1995 and its most notable project has been the Holland Park in Warsaw. (Rzeczpospolita, Sept. 9-10, page B2)