TrizecHahn plans to invest $500-million (U.S.) in Europe

Article Abstract:

TrizecHahn Corp., a Toronto, Ontario-based real estate firm, has unveiled its intent to apportion $500 million over the next two years for the development of shopping malls and entertainment centers in Europe. TrizecHahn President and COO Gregory Wilkens declared that the company anticipates to take advantage of the abundant opportunities that exist in the diverse European market. Gregory added that he also looks forward to expose TrizecHahn's development skills in the more competitive European market.

Comment:

Intends to apportion $500 mil over the next 2 years for the development of shopping malls & entertainment centers in Europe

Europe, Capital expenditures, Article

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TrizecHahn to offer Europe North American shopping

Article Abstract:

TrizecHahn Corp of Toronto, Ontario, is planning to develop North-American-style shopping centers in Europe. The company said that the region accounts for only a small percentage of its business, but is predicted to contribute a larger portion to its earnings in the future. TrizecHahn has already invested C$150 million in Europe and started several projects such as the 900,000-sq-ft retail-entertainment-office complex in Budapest.

Canada, Strategy & planning

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