Orco Property Group has unveiled plans for five new development projects in Berlin, Bratislava, Budapest and Prague. The company announced at the Mapic fair in Cannes last week that it will transform a Unesco World heritage site on Andrassy Avenue in Budapest into a modern mixed-use project. The second Hungarian retail development, Vaci 1, is also located in capital. When completed in the spring of 2009, the scheme will comprise more than 70 shops, restaurants and recreational space spread over 11,000 m[sup]2[/sup].
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