Owner of Centrum Chodov invests 4.5 billion crowns to extend shopping centre

Unibail-Rodamco, which operates Centrum Chodov, has said it will invest 4.5 billion crowns in extending and modernising the complex to house 296 shops once complete. That will make it the largest centre of its kind in the country. The sales area will increase from 61,000 to 100,000 square metres, with restaurants to occupy 10 percent of the overall area. The new centre has been slated to be launched in the autumn of 2017. The Chodov project is one of the firm´s most important investment plans in the Central European region in the long term, representatives said. Arnaud Burlin, the managing director of Unibail-Rodamco for Central Europe said the centre would provide a full-fledged alternative; the Czech Republic has nearly 200 shopping centres, according to the Czech News Agency.

Author: Jan Velinger