OVG Projectontwikkeling and MDG Europe Management signed an agreement with the local government of Tilburg on Monday for a new 100,000 m[sup]2[/sup] 'mega mall' in the southern Dutch city. It is estimated the investment volume will be in the region of EUR 400 mln.
OVG Projectontwikkeling and MDG Europe Management signed an agreement with the local government of Tilburg on Monday for a new 100,000 m2 'mega mall' in the southern Dutch city. It is estimated the investment volume will be in the region of EUR 400 mln.
The mall will be built on an 18-hectare site which was previously used by the Dutch military as a munitions storage facility. Officials of Nord Brabant province, the owner of the land, has already signed off on the scheme. American-based MDG owns the Roermond and Rosada factory outlet centres in the Netherlands, while OVG is one of the largest commercial developers in the country.
