SGC and Casino to build shopping mall in Upper Silesia

French developer SGC in conjunction with Casino, the proprietor of the Géant retail chain, is to build a zl. 300 million-zl. 400 million shopping mall in Upper Silesia. The facility will cover a space of between 80,000 and 90,000 square meters. The project will also be financed by bank loans. Co-operation terms between SGC and Géant also envisage the construction of another mall in Lower Silesia. SGC's core business in Poland has been that of a developer and one of its partners in such ventures has been the supermarket chain Champion, an affiliate of the Carrefour group. "We have entered into a zl. 20 million-zl. 25 million deal with Champion for the construction of supermarkets in Sieradz and Radomsko," said SGC president Michel Horovitz. The company is also planning to construct Carrefour complexes that could contain a shopping mall, an amusement center and probably a hotel. (Puls Biznesu, page 5)