TK Development, a real estate development company, has received a construction permit for building Outlet Arena Moravia. It will rise in the vicinity of the centre of Ostrava, lying immediately adjacent to the D1 Motorway, on a vacant lot in Hlucinska Street (in proximity of two traffic arteries, with approximately 60,000 vehicles passing every day). Construction works are beginning these days, and Phase 1, offering 11,700 sqm of total leasable area, is scheduled to open next autumn. A total of 70 shops will be available there, offering attractively priced products of the world’s famous brands, along with restaurants, cafés, and a children’s play area. Also, the centre will have 800 parking places and those not traveling by car will be provided with shuttle buses from the centre of Ostrava, with a mere ten-minute ride.
Outlet Arena Moravia, with its concept and design, has been inspired by the popular outlet centre, Fashion Arena, built by TK Development in Prague-Sterboholy ten years ago. Architecturally speaking, it will resemble a big ring with a parking lot in the middle. The design has been produced by a studio known as dum konstrukce s.r.o. The region has been lacking a similar format outlet centre, designed to sell very high-quality products from previous collections of leading foreign and domestic brands at significant discounts so far.
“Building on the great wealth of experience in construction and operation of outlet centres not only in Europe, but also in the capital city of the Czech Republic, we are bringing this proven format to Northern Moravia. We are delighted to say that our project is of extremely strong interest to prospective tenants: 70 percent of Phase 1 has been leased out,” said Mogens Pedersen, CEO, TK Development. “This achievement is certainly also due to the perfect location of the Arena, which will attract Czech customers from Ostrava and adjacent towns, along with those from neighbouring Poland. Major employers operate in the region, and a population of 3.2 million with strong buying power live within a 60-minute drive. Moreover, the nearby Beskydy Mountains rank among the most frequented mountain resort destinations in the Czech Republic. This is why we expect that the Arena will be attended by thousands of tourists as well.”
TK Development is a reputable property developer specialized in retail properties (shopping centres, retail parks and outlet centres) in Northern and Central Europe. The company is active in the real estate market in Denmark, Sweden, Poland and Czech Republic. Since established it has developed nine shopping centres in the CR, including Futurum in Ostrava and Hradec Kralove, Shopping Center Hana, Varyada Karlovy Vary, Shopping Center Fryda in Frydek-Mistek and Fashion Arena Outlet Center in Prague.
