Pēd. atjaunots: 06.07.2024 16:03 (GMT+3)

Pro Kapital: Expansion of Kristiine Kaubanduskeskus

05.07.2000, Pro Kapital Grupp, TLN
PRO KAPITAL
ANNOUNCEMENT

EXPANSION OF KRISTIINE KAUBANDUSKESKUS

On 05.07.2000 the Supervisory Board of AS Kristiine Kaubanduskeskus
(100% subsidiary of AS Pro Kapital) decided to approve the second
stage construction works of the trading center. The company will
invest EEK 165 million into the project from the company's own
funds and with a bank loan.

In the course of the second stage construction works, Kristiine
Kaubanduskeskus will gain 9,000 m2 of trading and service premises.
The largest tenant on the new premises (4,000 m2) will be a cinema
complex. The complex will be operated by Baltic Development Grupp,
a subsidiary of the largest entertainment services provider in the
Baltic States. Kristiine Kaubanduskeskus will gain about 3,000 m2
of trading premises; 800 parking spaces will be added to the
trading center's parking lot.

The trading center will be expanded to the territory owned by AS
Kristiine Kaubanduskeskus. The construction works will be launched
in the current year; the second stage construction works of
Kristiine Kaubanduskeskus is scheduled to be completed by August
2001.


Additional information:
Allan Remmelkoor,
Managing Director
AS Kristiine Kaubanduskeskus
Tel. +372 665 0341

Andrus Laurits
CEO, AS Pro Kapital
Tel. +372 614 4920

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