A consortium of Multi Development Poland and Multi Corporation has signed a preliminary shareholder agreement with the Municipality of Gdansk in relation to the development of the Hay and Crayfish Market in the city centre.
A consortium of Multi Development Poland and Multi Corporation has signed a preliminary shareholder agreement with the Municipality of Gdansk in relation to the development of the Hay and Crayfish Market in the city centre.
The project will encompass an area of some 5,5 hectares. The combined gross lettable area of all newly built units will amount to 100,000 m2, of which 50,000 m2 of retail. Start of construction is planned in 2012.
Described as 'complex, demanding, multifunctional and imagination-driven', the project will combine retail trade, services, hotel, offices and entertainment. It involves development of new buildings and redevelopment of existing infrastructure that will improve the existing and future passageway of two significant and crucial interchanges. The municipality, together with Polish Railways, will provide a new commuter rail station to ensure access to the new public space that will be created on the old market.
The preliminary shareholder agreement is the basis on which the consortium will prepare and present Multi's urban and architectural concept for the development. Upon approval by the municipality, the final agreement will be signed and the concept executed.
With 457.000 inhabitants, Gdansk ranks as the sixth-largest Polish city and the heart of the TriCity agglomeration of more than 1.2 million inhabitants. The location is located near to the Central train station, main entrance of the historical city centre, the planned new tram and bus station and the town hall.
'Gdansk has been our target since Multi started in Poland,' said Tomasz Matusiak, managing director, Multi Development Poland. 'It is a place of great potential that deserves unique public space where history and modern times are woven together in harmony.'