Pascal Polska set to invest zl.560 mn in Katowice

Katowice-based construction company Pascal Polska (PP), owned by Polska Finance, will sink zl.560 million into the development of Katowice's Dolina Trzech Stawow district. Among the company's investment plans is the construction of an office building and a large business complex, both slated for completion in the summer of this year. According to PP board representative Andrzej Hojn, the office building, christened 'the Millennium', will measure 9 stories high and provide 11,000 square meters of office space, with a shopping mall situated on the ground floor. Upon completion, the company says it will seek to sell the building to a foreign investor from either the insurance or banking sector. "At present, 85% of the building's space has been reserved, with rental agreements on 65% of the entire space already signed," said Hojn. Europark, the name of the planned business complex, which PP is also interested in selling to an investor, tentatively will consist of nearly 20 two and three-story buildings, each with between 950 to 1,600 square meters of space. Other investments in the pipeline include a four-star hotel and a 14-screen cinema, with a food court and several shops. Apart from its Millennium and Europark projects, the company has already begun construction of two other retail outlets. (Puls Biznesu, p.14)