RE's new Legnica shopping center
Raiffeisen Evolution Project Development (RE), the developer behind the Ferio Gaj Shopping Center in Wrocław, will launch construction works on another Ferio on the corner of ul. Chojnowska and ul. Piastowska in Legnica in April. RE wants to invest EUR 17 (zł.67) million in the new development.
The Ferio Shopping Center will be a two-storey building with a total space of 18,000 sqm, which the developer plans to lease to about 50 tenants. Currently, the developer is making final changes in the design.
Since the commercialization process has not been completed yet, RE will not reveal any information concerning the prospective tenants. The developer will look for a private health services provider and a sports store. The center is scheduled to open in March 2007.
Raiffeisen Evolution opened its first Ferio Shopping Center in November 2005. Ferio Gaj, located on the corner of ul. Świeradowska and ul. Orzechowa in Wrocław, has a total space of 10,800 sqm and is leased to 30 tenants including Piotr i Paweł supermarket, Eldom, Jysk and World Class Fitness.
Based in Vienna, Raiffeisen Evolution was established in 2003. Its main shareholders are Raiffeisen Zentralbank Austria, Uniqua, Bauholding Strabag AG and Raiffeisen Holding. The company, which operates in all CEE countries, has already renovated the Polonia Palace Hotel in Warsaw and is currently constructing the Bemowo Park residential complex. Now the company intends to develop similar Ferio shopping centers in other medium-sized town located in southern and western Poland.
