Construction restarts on New Karolina

Hot on the heels of financing being put in place for Multi Development’s New Karolina scheme in Ostrava, the company has restarted construction on the huge scheme. Work ground to a halt in the aftermath of the financial crisis in late 2008, despite what’s said to be substantial, and real preleasing activity. 57,000 sqm of retail, 23,000 sqm of office and a couple hundred flats are all included in the first phase.

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