In the Czech town of Frýdek Místek, TK Development has an option to buy a plot of land for building a 14,800 m² shopping centre, consisting of about 60 stores. The current occupancy rate is 75 % (Q1-Q3 2012/13: 68 %). Lease agreements have
been concluded with such tenants as Billa, Intersport, H&M, New Yorker and Euronics. Construction is expected to start in the course of 2013, with the opening scheduled for 2014.