Property developer TriGranit may relocate Slovak project to Hungary.

By bne IntelliNews October 7, 2010
Property developer TriGranit considers relocating to Hungary its EUR 1.5bn Metropolis project, which was initially planned for Slovakia, daily Napi Gazdasag informed. The Metropolis project envisages 1.2mn sqm of shopping and entertainment centre near the Slovak capital Bratislava. According to TriGranit representative Gabor Zaszlos, the municipal authorities and a local party continue to thwart the project, which may force the company to move it in the Rajka-Bezenye area in Hungary, close to the border with Slovakia. TriGranit intended to start the construction works in 2010 and finalise them by 2015. The first phase would include the construction of a shopping mall, water park, three hotels and a casino and should be completed in 2012. The company has already revised plans for the construction of 27,000 sqm casino complex, down to 19,000 sqm due to protests against the investment.

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