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German real estate group to open PLN 200m shopping centre in Wielkopolskie


2011-01-28



Saller, a German property group, will in October open a 44,300 m2 shopping mall in Ostrow Wielkopolski, the largest such complex within a 100 km radius of the southern Wielkopolskie town. The value of the investment is PLN 200m (approx. €51m).

According to the company, the mall – named Galeria Ostrovia – will create about 1,000 permanent jobs. It will be home to 100 shops, restaurants and other retail outlets taking up a total of 37,000 m2. Some 85% of the space has already been pre-let.

The town of Ostrow will also profit through PLN 8m (€2.1m) worth of accompanying road infrastructure investments and other benefits.



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