Złote Tarasy postponed again
The date was changed due to the fact that Skanska, the general contractor, has not managed to meet its deadlines. The contractor was supposed to complete the works by November 1. Now the opening is planned for Q1 2007.
"We regret to announce that despite our motivation Skanska was not in a position to complete the technical installation in due time. As a result, we had no choice but to make the painful decision to put off the opening date. Now we will aim for closer cooperation with our tenants, so that the opening can take place in Q1 2007. The exact opening date will be announced as soon as possible," says Marcel Kooij, managing director at Złote Tarasy.
Agnieszka Michalczewska from King Sturge believes it could be technical problems holding up the center's opening, despite market rumors to the contrary. "The reason might be technical, either inside the complex or outside, because ul. Emilii Plater is not ready," says Michalczewska.
In the meantime, the City of Warsaw, which has a 23.15-percent share in Złote Tarasy, has called a tender to estimate the value of the center once it is completed. City Hall is selling its share in the center. Agnieszka Podbielska, a spokesperson for Złote Tarasy, confirmed that Warsaw City Hall is obligated in its contract with the company to sell its shares.
