In the Czech town of Frýdek Místek, TK Development is planning to build a 14,800 m² shopping centre, consisting of about 60 stores. After the reporting period, TK Development has conditionally sold 80 % of the project to a business partner. TK Development will receive fee income for letting and managing the construction of the project and related services. The current occupancy rate is 80 % (Q1 2013/14: 71 %), and lease agreements have been concluded with such tenants as Billa, Intersport, H&M, NewYorker and Euronics. Construction is expected to start in autumn 2013, and the retail park is scheduled to open in 2014.