Meinl European Land Limited

Meinl European Land will develop a 50,000 sqm
shopping centre with an additional residental and office tower in
Gdansk (500,000 inhabitants). Partner for this project is the Danish
property developer TK Development. The land plot of 5 hectare, on
which the centre will be developed, is centrally located, close to
the old town and the main railway stadion. The area is also in direct
neighbourhood of the shipyard in Gdansk, where the strike of the
Solidanosc movement under Lech Walesa took place, which had a
significant influence on the end of communism in Eastern Europe. Due
to this fact the acquisition has also a symbolic character for the
geographical focus of Meinl European Land. The total investment
volume for the project, which will be completed until year end 2009,
amounts to approx. EUR 100 million.                                                                                                                                     

Shopping centre with extension potential in Radom In Radom, a city

with 200,000 inhabitants, located 100km southward to Warsaw, Meinl
European Land has acquired an existing shopping centre, which will be
extended by a DIY market within this year. The total investment value
amounts to EUR 20 million. Anchor tenant in the shopping centre is
the German retailer Rewe. For the extension area a lease contract
with the DIY operater OBI has been agreed.  Following these new
acquisitions the portfolio in Poland, Meinl European Land`s second
largest market, will have increased to almost EUR 1 billion.
Source:presseportal.de