UDI builds shopping centre near Prague

23
Jul
2024
News - UDI builds shopping centre near Prague #Czech republic #retail #UDI Group

by Property Forum | Retail

UDI Group is going to build a new shopping centre in Líbeznice near Prague with a Billa supermarket as the main tenant. The developer is now negotiating with other tenants for the other six units. 


The group agreed on the design of the centre with the local authorities. After incorporating the city architect's comments, it managed the permitting process according to the previously valid Czech construction code. The company believes that construction could begin next year.

The centre will offer 3,700 sqm of retail space divided into several stores. A contract with Billa has already been signed. As another tenant, the developer is considering a drug store, garden equipment, pharmacy, hairdresser, stationery store, and also a fast food restaurant. 

In addition to the Czech Republic, the developer UDI Group operates in Hungary, Poland, Serbia and Latin America. It is currently implementing or preparing 21 projects, which in the next five years will bring income exceeding CZK 62 billion (€2.45 billion).




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