IRISH real estate company Parker Green International bought 13.4-hectares of land in Slovakia designated for multi-functional development.
According to the company's plan a 259-room hotel should be built on the land located in the vicinity of the PSA Peugeot Citroen car plant near Trnava, SITA wrote.
Furthermore, the firm also has an option to buy an additional 67,000 square meters of land. Jana Meszárosová of Parker Green Slovakia said the plans include construction of a cinema and leisure centre.
"We, as an investment company based in Ireland, consider Slovakia a jewel in attracting foreign investment. Our decision to invest in the Parker Green branch for central and eastern Europe, in the Slovak capital was influenced by low taxes, an improving economy, its strategic location in Europe and plans to join the euro zone," stated Parker Green International director general Gerard O' Hare.
Compiled by Martina Jurinová from press reports
12. Jul 2006 at 13:17