Poland: TK Development to continue expansion

Article Abstract:

The Danish developer TK Development anticipates a continuous expansion in Poland. The weakening of the Polish economy is considered temporary, and Leif Christensen, head of TK Development's operations in Poland, expects that the economy starts growing again within the next twelve months. The company co-operates with major international retail chains such as Carrefour and Ahold in its activities in Poland. So far, four retail centres totaling 30,000-40,000 sq. metres each have been built. The fifth centre will be inaugurated in the spring of 2002.

Nonresidential construction, not elsewhere classified, Carrefour S.A., Koninklijke Ahold N.V.

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DENMARK: STEEN & STROM TO MAKE INVESTMENTS

Article Abstract:

The Norwegian property developer Steen & Strom is planning to make investments in Denmark. The aim is to increase the portfolio of retail centres in Denmark to about 25 from the present 17. At present, Danish retail centres account for about DKr 10bn (USD 1.4bn) out of Steen & Strom's DKr 35bn turnover. To be able to make the planned investments, the the ban on construction of retail centres in Denmark has to be abolished.

Denmark, Department Stores, Real Estate, Real Estate and Rental and Leasing, Norway, Steen og Strom A/S

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POLAND: NAVISION SOFTWARE HAS OPENED OFFICE

Article Abstract:

Navision Software, the Danish producer of business software, has opened an office in Poland. The main potential target group is 15,000 middle-sized businesses, the main part of which have not yet invested in software systems.

Software Publishers, Business Software Pkgs (Micro), Business management software, Suites (Software), Navision Software US Inc.

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