Zuraw hopes to build hotel and office complex in Gdansk

On Thursday, Gdansk City Councilors will decide about the Council's participation in Zuraw, a company created by LOT Polish Airlines and Sopot-based property developer NDI, to construct a zl. 200 million office and hotel complex in the city. Zuraw is now preparing the first stage of the investment which will be built in Targ Weglowy in the city center, on land owned by LOT. The Gdansk City Council is expected to enter Zuraw and contribute the rest of the land needed for the larger version of the project. "LOT owns 2,700 square meters of land, while the council owns the adjoining plot of 1,290 square meters. If the city joins the project, then the first stage will begin after the land is merged into a single plot. We want the city to contribute more land in the following stages. The decision about the city's participation will be taken this Thursday," said NDI's marketing director Krzysztof Bielak. The Gdansk Council is cautious about becoming involved, as a similar project with a company called Genesis Hotels Gdansk back in 1997 led to nothing more than unfulfilled plans. (Puls Biznesu, p. 11) M.T.