ZT gets gold at MAPIC

The mixed-use development won Best of Show and Best Large Retail Development Scheme at the Plaza Retail Future Awards.

The building, which is owned by ING real estate and was designed by architects from Jerde Partnership, collected the prizes during a gala awards ceremony at last week's MAPIC international real-estate fair in Cannes.

ZT is a 225,000 sqm, mixed-use project containing retail, entertainment and offices currently being constructed in the center of Warsaw. The award for the Best Large Retail Development Scheme is open to urban mixed-use developments that change the urban community and have an innovative approach to the overall strategy of development.

Over 40 projects from all around the world were submitted to this year's competition. Projects from Tokyo, Bologna, Shanghai and London also picked up awards at the ceremony. The awards are open to 'visionary' projects still on the drawing board, under construction or developments completed within the 12 months preceding November 2005. The awards were organized for the second time with the support of MAPIC, the British Chamber of Shopping Centers (BCSC), and Plaza magazine.

The completion of Złote Tarasy, situated in the center of Warsaw, is scheduled for autumn 2006. More than 75 percent of the retail space in the development has already been committed.

MB