TK Development has bought a plot of land in Jelenia Góra and has an option on additional land for the development of a shopping centre of about 24,000 m². The project comprises a supermarket of about 2,200 m² and retail, restaurant and service premises totalling about 21,800 m². The local plan for the area is in place and the letting of premises has started. Construction is expected to commence in 2013, and the shopping centre is scheduled to open in 2015. As mentioned above, an agreement has been made with Heitman regarding its takeover of 70 % of the project. The sale was finally completed in December 2012. TK Development will receive fee income from the jointly owned company established for developing, letting and managing the construction of the project.