In Prague, the Group has developed a 25,000 m² factory outlet centre in a joint venture with an international collaboration partner. The first 18,000 m² phase opened on 15 November 2007, and the second 7,000 m² phase opened as planned in October 2010. The current occupancy rate is 85 % for the combined project. At present, negotiations with several potential Czech and international tenants for the remaining premises are ongoing. The shopping centre is performing well and has a satisfactory influx of customers.