Originally published on Canadian Investment Review.
Meyer Bergman, the European real estate investment management firm, and the Healthcare of Ontario Pension Plan (HOOPP), have announced the opening of the 60,000 square-metre Forum Nová Karolina shopping centre in Ostrava, Czech Republic.
The shopping centre represents the first phase of one of the largest urban development and regeneration projects in the Czech Republic.
The scheme, which is being carried out by a consortium of developers, comprises a complete extension of the inner city, and is scheduled for completion in 2016.
“This is a landmark development for HOOPP, as it is our first retail development in Europe,” said Lisa Lafave, senior portfolio manager of real estate for HOOPP.