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Orco Property Group SA Announces Joint Venture with Unibail-Rodamco SE

Tuesday, 14 May 2013 11:42am EDT 

Orco Property Group SA announced that it has closed its joint venture with Unibail-Rodamco SE aimed at developing a prime shopping center in the Bubny area, downtown Prague. On April 30, 2013, Orco Property Group SA sold a plot of 3.6 hectares to the joint venture it has constituted with Unibail-Rodamco SE. The parties will focus on implementing the development of the shopping center in the Bubny area with the aim being to start construction in 2016.