Cognor is preparing construction of shopping center

Cognor is preparing construction of shopping-service center with area of approx. 12,000 sqm in Częstochowa. Representatives of the city council of Częstochowa (Śląskie Province) have informed that Cognor is supervising administrative procedures connected with plans for the modernization and development of the Merkury Department Store on Najswiętszej Maryi Panny Avenue. Let us recall that in April of this year we informed about GPI Sebastian Stefański preparing the concept of a complex with a usable area of 12,200 sqm, consisting of a 4-story retail outlet and a 10-story hotel with complementary residential functions. The owner of the property, which is designated for sale, is Polimeni International Częstochowa, which in February applied for a conditions of development decision for this property. ■