VIENNA Oct 2 Austrian property group Immofinanz
plans to invest 115 million euros ($148 million) to
build a new upmarket shopping centre next to the castle in the
centre of the Polish city of Lublin, it said on Tuesday.
Immofinanz said it planned to start construction this month
with the opening scheduled for 2014. It said it was already in
intensive negotiations with international and local retailers
for occupancy of the centre's 150 retail units and food outlets.
The company said it was investing an additional 12 million
euros to support the development of the city, which is trying to
revitalise the area around the castle and the old town.
More than half of Immofinanz's assets are in eastern Europe,
where it is contemplating a market listing.
($1 = 0.7749 euros)
(Reporting by Georgina Prodhan; Editing by Michael Shields)