Helios agrees cinema in Echo’s Galeria Olimpia

Helios, Poland’s number three cinema operator, has  signed a lease contract with Echo Investment for a 1,233 seat multiplex cinema in the Galeria Olimpia shopping center in Bełchatów. The two companies have a bit of history, as Helios already operates a 7-screen cinema in in Galeria Echo of Kielce. Galeria Olimpia, Echo’s latest scheme, is a 30,500 sqm retail development housing 80 stores with 1,100 parking places. The general contractor for the project is Mostostal-Warszawa which says it expects a profit of PLN 80m on the contract. The investment is expected to be delivered in August 2012.

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