ECE to sell Liberec land

ECE will most likely sell its land in the Czech town of Liberec, once arbitration proceedings with the state are concluded. ECE is seeking €70m in compensation for what it claims was mismanagement of the planning process. The company says it no longer makes sense to complete the scheme, located just meters away from where Multi Development’s mall Forum is currently functioning.

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One response to “ECE to sell Liberec land

  1. Let’s hope this could start CZ municipalities to think more seriously about managing developments. High time they start preparing real strategy documents, e.g. municipal retail strategies. Brno, with its downtown retail suffering, is another case in point.

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