Multi Development has entered the Slovakian market with the purchase of a site in Preaov.
The Dutch developer, formerly AM Properties, has signed an agreement to carry out the first phase of the scheme in the centre of Slovakia’s third largest city.
The three-level scheme, Forum Preaov, includes 172,000 sq ft of shopping and leisure space, which will link to an existing Tesco store.
Construction will be carried out by Multi Development’s Czech arm Multi Development Czech Republic, which is part of the parent company Multi Corporation, a group of companies owned by Morgan Stanley Real Estate Fund (MSREF).
References: EGi News 07/12/06
